July 12, 2023
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
A payments-technology provider called HipFinity launched, offering a payment gateway and other services for independent sales organizations and other resellers. Payments-technology provider Stronghold introduced StrongholdNET, a network connecting merchants and providers of payment services. A blockchain-based startup called Decentral Zone launched to provide an e-commerce marketplace that allows consumers to transact with merchants via digital assets. …
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July 10, 2023
Competitive Strategies, Credit Cards, Digital Currency, Marketing, Mergers & Acquisitions, Mobile Wallets, Point-of-sale, Pricing, Transaction Processing
Services such as buy now, pay later loans and personal financial management will help drive the global volume of digital-wallet transactions to $16 trillion in 2028, up 77% from $9 trillion this year, according to a report from Juniper Research. Katapult Holdings Inc. said more than 20 merchants are now available on …
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July 5, 2023
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Fraud & Security, Law and Regulation, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Apple Inc. said it will file a renewed appeal with the U.S. Supreme Court regarding a 2021 case that invalidated Apple’s requirement that App Store businesses accept payments only through Apple’s platform. Keys App Inc., a platform provider for locksmiths, launched its Keys App to enable digital payments for services and …
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June 29, 2023
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Issuing/Originating, Law and Regulation, Marketing, Mobile Commerce, Real-time Payments, Transaction Processing
Mastercard Inc., working with Subaio, which offers a subscription management service for banks, launched a subscription control service to make it easier for consumers to identify and unsubscribe from recurring payments via banks’ apps and online access. The move comes after the Federal Trade Commission proposed a rule that would require sellers …
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June 28, 2023
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Issuing/Originating, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
DoorDash announced a number of new features for its food-delivery app, including the ability to create multiple carts simultaneously and the addition of online payments funded by SNAP/EBT benefits. Alphabet Inc.’s mobile-payments app, Google Wallet, will reportedly begin supporting QR codes to trigger payments, starting in Brazil. The wallet has up to …
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June 27, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Mobile Commerce, Point-of-sale, Prepaid Cards, Transaction Processing
Travel companies experienced a 71% growth in chargebacks in the past few years, according to the “Tackling the Travel Chargeback Challenge” report from Outpayce from Amadeus, a global travel company. The survey canvassed 46 airline and travel agent executives in the second quarter. The Accredited Standards Committee X9 Inc. started an industry forum …
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June 23, 2023
Acquiring, Automated Clearing House, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Law and Regulation, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
JPMorgan Chase has extended its JPM Coin, a blockchain-based settlement token launched in 2019, to euro-denominated payments. More than $300 billion has been processed on the coin since its inception. Transact Campus, a payments provider specializing in colleges and universities, announced it has reached the 1-million mark for number of student mobile …
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June 22, 2023
Acquiring, Competitive Strategies, Credit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Near-Field Communication (NFC), Point-of-sale, Prepaid Cards, Transaction Processing
Open banking specialist Plaid launched Plaid Beacon, an anti-fraud network for fintechs and financial institutions. The fintech Karma Wallet has allied with card-issuing platform Marqeta Inc. to introduce a prepaid card offering cash-back rewards from merchants said to be local, ethical, and sustainable. PayEm, a spend-management platform, has integrated with American Express to allow …
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June 19, 2023
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Issuing/Originating, Mobile Commerce, Mobile Wallets, Transaction Processing
Merchants using the Shoplazza online-commerce platform can accept payments via Citcon’s technology following an integration between the two companies. A Swiss-Israeli company called Okoora launched Automatic Business Currency Management, an integrated platform for global payments, banking, and risk management. The 10-year-old cryptocurrency-payments platform Wyre said it is shutting down and advised users to withdraw their assets …
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June 14, 2023
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Mobile Wallets, Real-time Payments, Transaction Processing
The Canada-based commerce platform Shopify announced it has added the payments gateway Volt, allowing Shopify merchants in Europe, the United Kingdom, and Brazil to process real-time account-to-account payments. In related news, payments platform Netevia announced updates to its banking-services features, including free account-to-account transfers. The free period extends until the end of the year. …
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