VPC Impact Acquisition Holdings, a special-purpose acquisition company, announced its shareholders approved VPC’s acquisition of Bakkt, thus taking the digital-asset marketplace public.Payments-technology provider Worldnet Payments said it is the first integrated payments platform to complete a Level III EMV and contactless certification of Ingenico’s Self Series of devices. Ingenico is a unit of Worldline S.A.Payments …
Read More »ZmBIZI’s Tap-to-Pay Smart Phone Released and other Digital Transactions News briefs from 10/14/21
ZmBIZI LLC released its Z2 smart phone that accepts tap-and-pay transactions without requiring an external POS terminal. The $550 smart phone was part of a Visa Tap to Phone test earlier this year and is expected to have full commercial availability in early 2022.Visa Inc.’s U.S. Spending Momentum Index fell for the second consecutive month, …
Read More »KyckGlobal Enables Echo Health To Digitize Claims Payments
As part of its strategy to automate payouts for health-care and property-and-casualty carriers, Echo Health Inc., a provider of payment technology to insurance carriers, is partnering with KyckGlobal Inc. to enable claimants to receive payments digitally through PayPal, Venmo, push to card through Visa Direct, and the automated clearing house. …
Read More »Eye on BNPL: Bonsai, Afterpay Ease Shopping on Publisher Sites; Opy USA’s Pay by Text Service
Shop Bonsai Inc., which provides in-app checkout technology under the Bonsai moniker, said it and buy now, pay later specialist Afterpay are making it easier for consumers to shop on an online publisher’s site without leaving the site. Announced Wednesday, the arrangement enables Bonsai shoppers to potentially reduce the checkout …
Read More »Consumers Are Flocking to E-Commerce, But They’re Hitting Too Many Brick Walls, Stripe Says
Despite consumers’ expectation that checkout during an e-commerce purchase should be fast and instinctive, most online merchants still have checkout procedures that add unnecessary friction, says a survey from online-payments powerhouse Stripe Inc. The report, released Tuesday, reveals that 96% of 200 North American e-commerce merchants surveyed had committed at …
Read More »FortisPay Is Now Fortis, Signaling Its Stress on Payments Integration for Business Software
As trends such as payment facilitation and integrated payments continue to unfold, at least some payments providers are giving more thought to long-held branding strategies. The latest example is that of FortisPay, which on Tuesday announced it is dropping the “Pay” and is now in the market simply as Fortis. …
Read More »BitPay an Option on Wix’s Platform and other Digital Transactions News briefs from 10/12/21
Cryptocurrency payment processor BitPay Inc. said it completed an integration with Wix, an e-commerce platform, to enable BitPay’s Bitcoin and crypto payment processing as a payment option.Splitit USA Inc. said Discover cardholders can use the installment payments with their cards. Diners Club International and other alliance cards can be used, too. Splitit uses …
Read More »Merchant Acquiring Returns to Fast Growth As Specialized Players Claim an Increasing Share
Despite a temporary setback at the start of the pandemic, merchant acquiring is getting back on a growth track that will see revenue expand at an 11.3% annual clip through 2025, nearly equaling the 11.8% rate chalked up from 2015 to 2019, according to a report and forecast released Monday …
Read More »Nuvei Merchants and Visa Direct and other Digital Transactions News briefs from 10/11/21
Payments provider Nuvei Corp. said it will offer its U.S. merchant clients access to Visa Direct, Visa Inc.’s real-time push-payment network, for near real-time payouts.Ecrid Inc., a startup credit bureau that includes a bill-payment capability, announced it has filed for an initial public offering expected to raise $20 million.Payments provider Usio Inc. said the …
Read More »Fiserv’s Clover Brings Cashless Payments to Major League Soccer’s Philadelphia Union
Subaru Park, home of major league soccer’s Philadelphia Union, is the latest sports stadium to go entirely cashless. The team announced Thursday it was deploying more than 130 Clover point-of-sale devices from Fiserv Inc. to enable contactless purchases at concession stands and premium seating areas in the stadium. Like many professional …
Read More »