Buy now, pay later specialist Afterpay Ltd. expanded its points-based Pulse Rewards program to all users. The company claims 17 million users in North America.Rival BNPL specialist Klarna AB announced it will offer financing to client merchants through business-finance platform Liberis Ltd.Rectangle Health, a payments provider specializing in doctors’ offices, is working with DoctorLogic …
Read More »Through an Expanded Walmart MoneyCard, Green Dot Sharpens Its Focus on Banking Services
Green Dot Corp. has been steadily building its product roster in financial services for the underbanked, with the latest development emerging this week in the form of an expanded focus for the 15-year-old Walmart MoneyCard. The prepaid card, issued by Green Dot Bank and branded by Mastercard or Visa, can …
Read More »EMV 3-D Secure 2.0 Use Soars and other Digital Transactions News briefs from 6/25/21
Global payment transaction volume authenticated with EMV 3-D Secure 2.0 increased 1,667% in the first quarter year-over-year, according to Outseer’s latest quarterly fraud and payments report. The same type of volume authenticated with the previous version of EMV 3-D Secure increased 59% for the same period. Outseer is an authentication services provider.Payments …
Read More »Eye on Crypto: Fiserv Enables Crypto Transactions at FIs, And a Crypto ATM Firm Eyes 6,000 Machines
As interest grows in cryptocurrency, financial-services providers are taking note. The latest is Fiserv Inc., which announced on Thursday that financial institutions it works with will be able to allow their customers to buy, sell, and hold Bitcoin via their bank accounts. The capability is enabled via an integration between …
Read More »Looking to Grow Debit Card Usage, Oxygen Debuts a Tiered Rewards Program
Looking to make debit cards more attractive to consumers by offering incentives that rival those found in credit card rewards and loyalty programs, Oxygen Inc., a San Francisco-based financial-services technology provider, on Wednesday introduced Elements, a tiered rewards and loyalty program for debit card holders. Rewards available through Elements include …
Read More »Afterpay BNPL App Adds Large Retailers and other Digital Transactions News briefs from 6/23/21
Buy now, pay later specialist Afterpay Ltd. said it is now available through its app to customers of Amazon, CVS, Dell, Kroger, Macy’s, Nike, Target, Walgreen’s, and other major brands.EVO Payments Inc. has added automated clearing house processing to its PayFabric gateway. EVO’s ACH processing can be integrated into a merchant’s Web site …
Read More »KyckGlobal Enables a Cash-Payment Option for Used-Car Dealers
Although the Covid-19 pandemic spurred many consumers to embrace digital payments, the need for cash acceptance— especially among merchants and lenders that service unbanked consumers—remains strong. To help fill that need, KyckGlobal Inc. on Tuesday announced a deal with Advanced Business Computers of America Inc. (ABCoA) to enable used-car dealers …
Read More »Eye on Acquiring: Shift4 Reaches $1 Billion in Weekly Volume; Nuvei Recruits Discover
Shift4 Payments Inc. on Tuesday announced it had reached a key milestone as it is now processing at least $1 billion per week in what it calls end-to-end payments volume. Shift4 earns more on end-to-end volume, which it processes itself, than on gateway traffic, which it passes off to other …
Read More »Repay Acquires Kontrol Payables and other Digital Transactions News briefs from 6/22/21
Repay Holdings Inc. announced its acquisition of Kontrol Payables, an accounts payable automation provider, for up to $11 million.Cryptocurrency-based payments processor GreenBox POS announced the launch of a pilot for its Coyni stablecoin token. Among other features, Coyni offers instant settlement as well as transaction deletions and reversals.Cryptocurrency processor Flexa Inc. said it will be …
Read More »PayPal Sets New Online Merchant Rates As E-Commerce Booms
PayPal Holdings Inc. is raising its online merchant rates in the midst of a boom in e-commerce but also reducing some fees as it keeps a wary eye on rivals such as Square Inc. and Stripe Inc. The new rates, which PayPal announced Friday, cover a sweeping range of transaction …
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