Marketing

The chief executives of Visa, Mastercard, American Express, and Discover last month came together to start the Payments Leadership Council, a group that also includes the heads of FIS, Fiserv, and Global Payments. Thus, we now have witnessed the final step by adding the keystone to the pyramid of power …

You wouldn’t always know it, listening to the top executives at Visa and Mastercard, but these two rival networks are still chiefly card networks. Thursday morning, Mastercard Inc. laid out for equity analysts an update on what it has called its “multirail strategy,” major moves into account-to-account money transfers, real-time payments, …

To help large businesses reduce payment transaction costs and provide another option for how they receive payments, Square Inc. on Wednesday announced it will accept automated clearing house payments on Square Invoices.  The addition of ACH payments could also enable Square to attract large, complex businesses—such as wholesalers, home-repair specialists, …

The real-time payments movement continues to build momentum in the United States with FIS Inc.’s announcement Wednesday of RealNet, a cloud-based, software-as-a-service platform that enables businesses, consumers, and governments to initiate account-to-account transactions. RealNet, which FIS describes as a network of networks, will leverage The Clearing House Payment Co. LLC’s …

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 …

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 …

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 …