Thursday , August 5, 2021

Mobile Commerce

Shift4 Looks to a Revamped Restaurant Platform As It Racks up a Strong Second Quarter

Top executives at Shift4 Payments Inc. said early Thursday the company will launch general availability of a new restaurant platform in the first quarter of next year. The Android-based technology will include a Quick Response-code payments option as well as capabilities for analytics, marketing, payroll, and other features, according to …

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EVO Revenue up 30% and other Digital Transactions News briefs from 8/4/21

Payments provider EVO Payments Inc. reported a 30% increase in revenue year-over-year to $122.2 million for the second quarter. For the first half of the year, revenue totaled $228.4 million, up 11%. The company processed 1.03 billion transactions for the quarter, up 35%.Feedzai Inc., an anti-fraud technology provider serving the payments industry, …

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Sezzle’s Deal With BigCommerce Signals BNPL Is Now Table Stakes For E-Commerce Platforms

On the heels of Square Inc.’s acquisition of Afterpay Ltd., other buy now, pay later providers are jockeying to boost their position in the hotly competitive BNPL market.  Sezzle Inc. struck a deal Tuesday with e-commerce platform BigCommerce Holdings Inc. to become its preferred BNPL partner. BigCommerce will integrate Sezzle …

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FIS Logs a Record Performance in the June Quarter As Merchant Volume Balloons

Led by robust growth in its merchant-processing unit, FIS Inc. Tuesday morning heralded a strong second quarter, with record sales and with momentum continuing deeper into the summer, according to the Jacksonville, Fla.-based company’s top executives.  Speaking to equity analysts to discuss the company’s second-quarter results, management also outlined a …

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Fiserv Debuts New Clover Product and other Digital Transactions News briefs from 8/3/21

Fiserv Inc. released Clover Station Solo, a point-of-sale service for full-service restaurants. It provides tools to manage front-of-house tasks, payments, online ordering, and employee scheduling.Cloud-based point-of-sale system provider Appetize launched Appetize+, a subscription plan that bundles software, hardware, payments, and support in a single monthly fee. It launched Appetize Payments in May.Payments provider Lightspeed POS Inc. said …

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Square Is Set to Become an Overnight Force In BNPL With Its Afterpay Acquisition

Square Inc.’s acquisition of Afterpay Ltd. is expected to give Square a ready-made product in the hotly competitive buy now, pay later market that it can quickly plug into its consumer and merchant applications to make it an immediate force in BNPL.  Square on Sunday announced it was acquiring Afterpay, …

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Global Payments Celebrates Its Latest Deals As Its CEO Says, ‘The Best Is Yet to Come’

Global Payments Inc. early Monday announced it will make its Netspend prepaid card services available via Amazon Web Services. While reporting a strong performance for the June quarter, the Atlanta-based processing company also said it is acquiring from Spain’s Caixabank the payments businesses of the bank’s Bankia unit.  The move …

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How Google Figures a Tie-In With Marqeta Can Increase the Utility of Google Pay

Alphabet Inc.’s Google unit is betting its partnership with Marqeta Inc.to issue a tokenized virtual Google Pay card will entice consumers to use Google Pay more often for day-to-day purchases online and in-store.  The new card, announced this week, allows users to make purchases with their Google Pay balance using a …

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Amazon Second-Quarter Sales Total $53.2 Billion and other Digital Transactions News briefs from 7/30/21

Amazon.com Inc. reported its sales for its online stores totaled $53.2 billion in the second quarter, up 16% year-over-year. Physical-store sales rose 11% to $4.2 billion.Cryptocurrency-payments processor BitPay Inc. said it now supports Litecoin in the BitPay Wallet app. Newegg.com is the first merchant to accept Litecoin through BitPay. Litecoin is the 13th-largest …

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Mastercard Outlines a Strong Quarter As It Pursues Strategies in Crypto, 5G, And Open Banking

As they have for rival Visa Inc., transaction volumes are continuing to improve for Mastercard Inc. as world commerce stages its recovery from the impact of the pandemic. “The strong momentum we started the year with accelerated this quarter,” chief executive Michael Miebach said Thursday morning during a session with …

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Digital Transactions