August 21, 2020
Acquiring, Competitive Strategies, Credit Cards, Digital Currency, E-Commerce, Mobile Commerce, Transaction Processing
Blockchain-based business-to-business payments platform Paystand Inc. reported its service now supports 140,000 businesses, up 40% year-over-year, including 150 new enterprise clients. It also said its revenue has grown 1007% over the past three years.Cryptocurrency provider PayFBit announced it is organizing an initial coin offering to help fund the company, which offers a wallet, peer-to-peer …
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August 20, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Payments are expected to play a significant role in the economic recovery that will take place as the Covid-19 pandemic eases, says a new report from Boston-based Aite Group. The ways payments can help jump-start the economic recovery include reducing friction at the point-of-sale, increasing payment access, and integrating the …
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August 20, 2020
Acquiring, ATMs, Competitive Strategies, Debit Cards, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Transaction Processing
Under an expanded agreement, cross-border payments specialist TransferWise Ltd. will issue Mastercard debit cards in any market globally where Mastercard is accepted and TransferWise is licensed. TransferWise has issued more than 1 million cards globally since the agreement commenced in Europe in 2018.Consumer satisfaction with credit card issuers is plummeting as the Covid-19 pandemic …
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August 19, 2020
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Mobile Commerce, Mobile Wallets, Point-of-sale, Prepaid Cards, Transaction Processing
Payments provider Blackhawk Network Inc. said it is working with the California Governor’s Office of Emergency Services to distribute a total of $25 million in aid on 50,000 prepaid cards to health-care professionals battling Covid-19. The money was donated by Facebook Inc.Payroll-services provider PayActiv Inc. said its study of usage data from a sample …
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August 18, 2020
Competitive Strategies, Featured, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Now that Google’s Waze app has embedded a payment option into its software, the integration of navigation apps and payments and loyalty at the pump is under way, experts tell Digital Transactions News. Last week, Waze announced it has integrated an option that consumers can use to pay at the …
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August 18, 2020
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Point-of-sale, Real-time Payments, Transaction Processing
Walmart Inc. reported its U.S. e-commerce sales increased 97% year-over-year in the June quarter.Card-issuing platform Marqeta Inc. has released Marqeta 3D Secure to help issuers combat online fraud and meet regulatory requirements in certain markets. 3D Secure is an authentication protocol developed by the major card networks.Cardknox Development Inc. announced its payments gateway is …
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August 17, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
American Express Co. announced it has agreed to acquire digital lender Kabbage Inc. in a deal expected to close later this year. Kabbage’s existing loan portfolio is not included in the transaction, for which terms were not announced. Eleven-year-old Kabbage entered the payment processing business in 2018.Restaurants and other businesses in Pasadena, Calif., …
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August 14, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Transaction Processing, Vending
Movie theater chain Cinemark Holdings Inc. announced it is encouraging consumers to use contactless payments when it reopens its locations beginning Friday.Curb, a mobile platform for taxi-ride hailing and payments, said the city of Chicago Department of Business Affairs and Consumer Protection is the first client for a new service aimed at …
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August 14, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Mobile Commerce, Transaction Processing
There’s been a lot of buzz around recent reports—notably one in The New York Times—that Square has been withholding money from merchants. Apparently, with little to no warning, the company has been holding back up to 30% of merchant sales in some cases. The merchants affected, obviously, aren’t pleased. With …
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August 13, 2020
Acquiring, Competitive Strategies, Credit Cards, Fraud & Security, Issuing/Originating, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
Kallpod LLC announced its Kontactless Quick Response code-based payment service is now available at select Hyatt, Courtyard Marriott, and Hilton locations. Consumers can place orders for food, beverages, and merchandise to be delivered where the user is sitting. They scan a QR code at a table or seat, which opens a …
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