July 21, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Marketing, Prepaid Cards, Real-time Payments
Service provider Finzly said it supports the FedNow real-time payments service that launched Thursday. Other providers— Jack Henry & Associates Inc. and Pidgin—also support the instant payment service. Fiserv Inc. said two of its clients are live on FedNow and nearly 100 others anticipate doing so in coming months. Banking services provider CSI said it offers FedNow access and noted …
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July 19, 2023
Acquiring, Competitive Strategies, Electronic Bill Payment, Marketing, Mobile Commerce, Transaction Processing
Two payments companies are tapping into consumers’ affinity for texting—more than 6 billion SMS text messages are sent daily, according to The Small Business Blog—with a bill-pay service and a program for merchants. First, Detroit-based Diversified Data Processing & Consulting Inc., known as DivDat, added a text-to-pay feature to its …
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July 17, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Marketing, Mobile Commerce, Mobile Wallets, Transaction Processing
As online sports betting and iGaming continue to grow, Paysafe Ltd. has struck another deal with a betting app. Announced Monday, its agreement with Betr, a sports-betting app from social-media influencer Jake Paul, will serve Paysafe customers in Ohio and Massachusetts. Betr launched in Ohio in January and in Massachusetts …
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July 11, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Prepaid Cards, Transaction Processing
Entertainment-streaming platform Roku says a partnership with Shopify Inc. will provide viewers the ability to purchase products from Shopify merchants directly from their TV through Roku Action Ads. It works like this: When viewing an ad for a Shopify merchant, viewers press OK on their Roku remote to learn more …
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July 10, 2023
Acquiring, Automated Clearing House, Competitive Strategies, Electronic Bill Payment, Featured, Issuing/Originating, Marketing, Real-time Payments, Transaction Processing
Real-time payments platform provider Pidgin Inc. has published an eBook detailing key steps financial institutions should be taking to prepare for real time payments. The eBook, published just ahead of the debut of Federal Reserve’s FedNow real-time payments network this month, details how financial institutions can use real-time payments to …
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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 6, 2023
Acquiring, Competitive Strategies, Debit Cards, E-Commerce, Law and Regulation, Marketing, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Point-of-sale, Pricing, Transaction Processing
Travel-technology provider Sabre Corp. announced it has acquired Techsembly, a gift card and e-commerce platform for hotels. The U.S. Payments Forum published a white paper outlining the impact of the Federal Reserve’s clarification that debit card issuers must enable a choice of two unaffiliated networks for all transactions, including card-not-present payments. The clarification took effect …
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July 5, 2023
Credit Cards, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Prepaid Cards, Transaction Processing
The global digital gift card market is projected to reach $1.2 trillion in 2032, up from $310.1 billion in 2022, according to a report from market research firm Custom Market Insights. In 2023, CMI projects sales of digital gift cards will total $399 billion, a more than 28% year over …
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July 3, 2023
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
Payments-processing giant FIS Inc. is reportedly looking into selling a majority stake in its Worldpay unit to private-equity firms at a valuation of $15 billion. The news indicates a change in strategy at FIS, which announced in February it intended to spin off Worldpay as a publicly held company some time during the coming …
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June 30, 2023
Acquiring, Automated Clearing House, Competitive Strategies, Electronic Bill Payment, Featured, Issuing/Originating, Marketing, Real-time Payments, Transaction Processing
FedNow, the nation’s second real-time payments network set to debut in late July, says 41 financial institutions, 15 service providers, and the U.S. Department of the Treasury will be ready to send and receive transactions. All 57 have completed certification and testing for FedNow. The Federal Reserve said in 2019 …
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