In the wake of failures by the cryptocurrency lender Celsius and the crypto exchange FTX, MyChargeBack, a transaction-dispute service, warns users to beware of scams involving crypto-recovery promises. FIS Inc. intends to cut “thousands” of jobs, reported Bloomberg.com, in order to cut costs. Balance, a 2-year-old payments platform for business-to-business transactions, announced …
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E-commerce platform provider WooCommerce is partnering with DePay, a decentralized-payment processor, to enable its sellers to accept cryptocurrency directly to a crypto wallet for immediate settlement. Intermediaries that credit the merchant’s account after processing a crypto transaction would be eliminated. DePay supports tens of thousands of cryptocurrency tokens and their …
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Revenue from global embedded financial services will exceed $183 billion by 2027, up from $65 billion in 2022, according to a report from Juniper Research. It classifies embedded finance as when financial services, such as banking, insurance, or lending, are integrated into non-financial user experiences. American Express Co. released a personal card application …
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Amazon.com Inc. said it will offer buy now, pay later capability through Nov. 28 via its BNPL partner Affirm Inc. Customers who spend $50 or more will get the option of splitting the payment into three equal monthly installments at zero-percent interest. In related news, online travel platform Expedia Group said U.S. users …
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Payments giant Visa Inc. announced Alfred F. Kelly Jr., a former American Express Co. executive who joined Visa in 2016 as chief executive, will leave that role as Ryan McInerney, Visa’s current president, assumes the title Feb. 1. McInerney came to Visa in 2013 having held the chief executive of …
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Looking to speed payments through the automated clearing house while reducing risk, Plaid Inc. announced late Thursday the rollout of Signal, a machine-learning risk engine. Plaid has been piloting Signal for more than a year with select customers that generate high ACH volumes. To accelerate ACH transactions and make them …
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Twenty percent of consumers plan to use a buy now, pay later plan during the holiday shopping season, according to an October survey of more than 1,000 consumers by the Electronic Transactions Association and The Strawhecker Group. An additional 20% were “on the fence” about using BNPL. In related news, Vagaro, a …
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Visa Inc. is leveraging its sponsorship of the FIFA World Cup to showcase several payments technologies, including contactless payments, facial recognition, and digital card issuance. Visa is deploying 5,300 contactless-enabled payment terminals at official FIFA venues and enabling taxis in Doha, Qatar, capital of the host country, to accept contactless …
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The PCI Security Standards Council released its PCI Mobile Payments on COTS standard that addresses security requirements for services that enable merchants to accept cardholder PINs or contactless payments using a smart phone or other commercial off-the-shelf mobile device.Private equity firms Centerbridge Partners L.P. and Bridgeport Partners completed the acquisition of transaction processor Computer Services Inc. for $1.6 …
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Months after the introduction of Google Wallet, Alphabet Inc. announced late Tuesday it is expanding the availability of the digital wallet to 12 more countries, bringing the total number of countries where the wallet is available to 57. Users will now also be able to make the wallet available on …
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