July 28, 2021
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Electronic Bill Payment, Marketing, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
Euronet Worldwide Inc., a Kansas-based company that provides digital-payments services in Europe, reported second-quarter revenue of $714.7 million, up 35% year-over-year.Chargebee Inc., a subscription and recurring-billing platform, announced an update that includes automated usage-based billing, dedicated data centers, item-level discounts, and new checkout features.IR, whose technology enables merchants to analyze …
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July 27, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Mergers & Acquisitions, Point-of-sale, Smart Cards, Transaction Processing
The big network executives aren’t quite ready to come right out and say it, but they’re certainly coming close to declaring their systems are just about at pre-pandemic performance levels. The latest example came Tuesday afternoon, when Visa Inc.’s results for the quarter ended June 30 prompted chairman and chief …
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July 27, 2021
Acquiring, Competitive Strategies, E-Commerce, Kiosks & Ticketing Machines, Marketing, Mergers & Acquisitions, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale
Shift4 Payments Inc. continued its expansion into sports and entertainment venues Tuesday, announcing that it will provide payment processing for Chicago’s United Center, home to the National Basketball Association’s Chicago Bulls and the Chicago Blackhawks of the National Hockey League. The payments offering relies on Shift4’s VenueNext technology. Shift4 said …
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July 27, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Real-time Payments, Transaction Processing
If there are lingering doubts about a big comeback for the big merchant processors, Fiserv Inc. may well have dispelled them early Tuesday with results showing 43% second-quarter growth in revenue year-over-year for the company’s merchant-acceptance unit. That performance comes on top of a near-doubling in payment volume for the …
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July 27, 2021
Acquiring, Automated Clearing House, Competitive Strategies, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Nacha, the governing body for the automated clearing house system, said the ACH network processed 7.3 billion payments in the second quarter, a 10% increase from 6.6 billion payments in the same period a year ago. Particularly strong growth in business-to-business payment volume helped boost the result. Nacha said that …
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July 26, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Nearly 18 months into the Covid-19 pandemic, consumer usage of contactless payments continues to grow, according to the most recent CardFlight Small Business Report. During the week ending July 18, contactless transactions increased 597.7% from the March 2020 baseline period. Contactless usage has been steadily increasing on a weekly basis …
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July 26, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Ever since the Covid pandemic set in more than a year ago, the payments industry has been abuzz with talk about its various impacts on merchant acceptance. What hasn’t received as much attention is how the pandemic has affected merchant acquiring. It turns out processors and independent sales organizations have …
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July 26, 2021
Acquiring, Competitive Strategies, Credit Cards, Issuing/Originating, Law and Regulation, Marketing, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale
An Australian Parliament committee held a hearing investigating Apple Inc.’s policies regarding access to the secure element for payment services on its smart phones, according to a ZDNet.com report. Apple argued its hardware-based interface is more secure than a software-focused one. Google, which uses host card emulation software for Google Pay, said …
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July 23, 2021
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
American Express Co. posted second-quarter numbers Friday indicating the card giant is very nearly back to its pre-pandemic performance and reflecting a steady recovery from the travel restrictions that hampered the company for most of 2020. Driving the improved results was steady improvement in the company’s vital travel-and-entertainment business and …
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July 23, 2021
Acquiring, Competitive Strategies, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Pricing, Transaction Processing
The yin and yang of political, and ferociously commercial, PayPal was vividly on display with its announcement last month of a massive price hike. The e-commerce phenom attaches itself to an array of woke causes but remains a wonderfully hard-nosed commercial enterprise, keen to be fully compensated for the enormous value …
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