Competitive Strategies

A survey from the Electronic Transactions Association and The Strawhecker Group found that 43% of small and mid-size businesses view digital payments as more important to their operations now than before the Covid-19 pandemic. The survey of 528 SMBs also found that 34% said they are experiencing an increase in contactless payments.InComm …

Everyone has heard of Amazon, but there’s less talk about Canada’s Shopify Inc., even though the fast-growing, Ottawa-based commerce platform now ranks second to Amazon in share of retail e-commerce sales, with 8.6% versus 39% for the Seattle-based giant, according to eMarketer. On Wednesday, Shopify issued an update on just …

FIS Inc. debuted FIS RealNet, a software-as-a-service platform that enables account-to-account transactions for businesses, consumers, and governments over real-time payment networks. Available now in the United States, the service will be available in the United Kingdom and Europe, with other markets to follow.Visa Inc. said it is extending fast-payout service Visa Direct …

Payments companies took a beating as the pandemic raged, but Visa Inc.’s top brass indicated Tuesday afternoon the big network has put the worst behind it. “We believe we are at the beginning of the end of the pandemic,” said chief executive and chairman Al Kelly as he pointed to …

Fiserv Inc. announced Tuesday morning it will enable QR code payments for consumers using PayPal or Venmo at merchants Fiserv processes for through its Clover devices or Carat omnichannel payment systems. Users of the PayPal or Venmo app will scan a QR code with their phone and can receive a …

Payment-technology provider for sports betting Mazooma said it now offers real-time payouts to bank accounts for the sports wagering and gaming industries because of a partnership with Fifth Third Bank N.A. The bank provides access to the RTP network from The Clearing House Payments Co. LLC. Processor Nuvei Corp. announced earlier this month its …

As momentum behind open banking grows, more financial-service technology providers are jockeying for a piece of this nascent but rapidly growing market. GoCardless, a London-based fintech and provider of bank-to-bank payments, on Tuesday launched Instant Bank Pay, a new open-banking app for its payment platform. Instant Bank Pay allows merchants and …

Back in March, Paya Holdings Inc. chief executive Jeff Hack indicated his company is eager to build out vertical markets for its processing services, and on Monday it announced a deal that will do just that for Paya’s ambitions in the health-care and non-profit markets. Atlanta-based Paya said it has …

Camping World Holdings Inc. said it will begin accepting cryptocurrency for payment for recreational vehicle purchases through processor BitPay Inc.Buy now, pay later provider Splitit Inc. said its year-to-date merchant sales volume is up almost 250%, at $82 million, over the same period last year, following rising adoption by shoppers and merchants.In related …

Welcome Tech, a provider of digital financial services to unbanked and underbanked Hispanics, plans to leverage $35 million in new funding it secured last week to grow its customer base by about 1 million and add more financial services, such as a pathway to credit, to help bring its customers …