Payments provider FIS Inc. on Wednesday began rolling out Access Worldpay, a suite of application programming interfaces intended to make it easier and quicker for merchants to implement new payment capabilities, such as mobile payments or tokenization, without having to work with multiple payment partners. Access Worldpay provides a single …
Read More »Eye on Investment: Payments Firms Rev.io, Melio, Thunes, And Mollie Announce Funding Rounds
Evidence emerged Tuesday that Covid-19 fears are far from suppressing investor interest in payments as two U.S. and two European companies announced funding news. Atlanta-based Rev.io, an 18-year-old provider of billing platforms, said it has received a “significant growth equity investment” from Primus Capital. The company did not disclose the …
Read More »For August, Online Spending Remained Strong While Small-Business Traffic Softened Slightly
Online sales in August were 34% higher this year than last, says Signifyd’s Pulse Report for E-Commerce, while small-business sales through August remained steady, finds the latest CardFlight Small Business Report. San Jose, Calif.-based Signifyd Inc., a fraud-prevention company focused on e-commerce, says overall online sales growth reflects the fact that …
Read More »Walmart Joins Paymentus Network and other Digital Transactions News briefs from 9/3/20
Walmart Inc. has joined Paymentus Corp.‘s Instant Payment Network for bills paid in Walmart stores. Other users of the network are Amazon.com Inc. and PayPal Holdings Inc.Modern Treasury, a startup payments-technology provider, said clients reconciled more than $100 million on its platform in August, with volume growing at a compound monthly …
Read More »CardFlight’s Latest Small Business Data and other Digital Transactions News briefs from 9/2/20
CardFlight Inc. released its Small Business Report for Sept. 2 that shows contactless payments made at more than 65,000 small businesses for the week of Aug. 24-30 were up 140.3% from the base week of March 2 to 8. The report also predicts that there may be up to 50% fewer …
Read More »Eye on Cannabis Payments: POSaBit Reports Record Growth And AeroPay Forms a Banking Tie-Up
The Covid-19 pandemic has been good for the legal cannabis industry. POSaBit Systems Corp., which markets point-of-sale systems and services to the industry, reported second-quarter revenue growth and payments provider AeroPay is working with Safe Harbor Private Banking on a new payments service for the industry. Kirkland, Wash.-based POSaBit says it …
Read More »Shift4 and Sionic Target Restaurants and other Digital Transactions News briefs from 9/1/20
Shift4 Payments Inc. will provide tokenization, gateway, and end-to-end payment processing for a digital-commerce platform from Sionic Mobile Corp., according to a joint announcement from the companies. The initial focus is on restaurants, including services for online ordering and existing mobile payment and loyalty apps.Fiserv Inc. announced that starting Tuesday consumers with Alexa-enabled cars or …
Read More »As Point-of-Sale Credit Grows, PayPal Adds Pay in 4, a New Installment Option
PayPal Holdings Inc. is expanding its portfolio of installment-payment options by introducing Pay in 4, a short-term financing program. PayPal says the new option, which allows consumers to pay for a purchase over four interest-free payments, can help merchants drive customer conversions, hike revenue, and enhance loyalty without taking on additional …
Read More »Quadpay in Vyze Deal and other Digital Transactions News briefs from 8/31/20
Point-of-sale credit provider Quadpay Inc. said it is working with Mastercard Vyze, the card brand’s alternative financing platform, to make buy-now-pay-later options available to more merchants and consumers.Noting the increasing popularity in Canada of Square Inc.’s Cash App and PayPal Holdings Inc.’s Venmo app in the face of that country’s Interac bank-to-bank …
Read More »Mastercard’s Streamlined Retail and Other Digital Transactions News Briefs from 8/28/20
Circle K, Delaware North, Dunkin’, and White Castle are among retailers working with Mastercard Inc.’s Shop Anywhere and AI Powered Drive Through services, which aim to reduce customer waiting times and checkout lines while offering vehicle recognition, voice ordering, and artifical intelligence for drive-through lanes.Point-of-sale installment lender Affirm Inc. announced it is providing …
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