Wednesday , May 25, 2022

Mobile Wallets

Social Life Blends QR Codes With Crypto to Spark Mobile Payments for Retail Niches

Two of the busiest trends in payments are quick-response (QR) codes and cryptocurrency, and now payments players are finding ways to blend the two. Social Life Network Inc. on Friday said its Decentral Life unit has added a QR code application for its platform supporting digital wallets and payments. The …

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Square’s New Tools Aim to Keep Restaurants a Step Ahead in the Technology Arms Race

Block Inc.’s Square unit late Thursday unveiled a suite of hardware and software tools the company says is aimed at helping restaurants manage orders, payments, and their overall business more efficiently as they wrestle with worker shortages and other fallout from the pandemic. The new technology also comes as competition …

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How Mobile Apps Have Become the Preferred Shopping Channel for Young and Old

When it comes to shopping, it’s becoming a mobile world. A report released on Thursday by omnichannel-platform provider NewStore Inc. reveals that 88% of consumers surveyed have at least one shopping app on their phone, 50% of respondents have more than four shopping apps, and 9% have more than 10. …

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SpotOn Raises $300 Million in Funding and other Digital Transactions News briefs from 5/19/22

SpotOn, a payments-technology provider serving restaurants and retailers, raised $300 million in a Series F funding round led by Dragoneer Investment Group LLC. The round, which comes just eight months after a Series E funding, values the company at $3.6 billion.Sphere, a healthcare payments and security software company, launched a …

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Afterpay Now In-Store at Square Merchants and other Digital Transactions News briefs from 5/17/22

Square announced its Afterpay buy now, pay later service is available to in-person point-of-sale merchants in the United States and Australia who use Square Point of Sale, Square for Retail, Square Appointments, or Square for Restaurants. In the first quarter, Square, a unit of Block Inc., said the average transaction size with Afterpay …

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Paysafe Extends Its North American iGaming Reach Through a Deal With Strive Gaming

Paysafe Ltd. continues to immerse itself in the online-gaming industry, announcing Monday a partnership with Strive Gaming, a player-account management platform designed to meet multi-state iGaming requirements in North America. With an integration of Paysafe’s payments technology into Strive Gaming’s PAM platform, Strive’s clients will enable gamers to deposit funds into …

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Stabilization May Be Acquiring’s Keyword in 2022

As the U.S. economy moves farther from the worst of the Covid pandemic, credit and debit card spending may be stabilizing, according to new data from The Strawhecker Group, a payments advisory and research firm. Released as part of the AIM Headline Report series, the Growth & Inflation Analysis 2022 …

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Google’s New Wallet Digitizes Payment Cards Plus Drivers’ Licenses And Other Credentials

In a nod to consumers’ preference to have all the contents of a physical wallet digitized—including driver’s licenses and vaccine cards, in addition to payment cards—Alphabet Inc.’s Google subsidiary has introduced a new Google Wallet. The new wallet, which Google plans to make available in more than 40 countries, is …

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Eye on BNPL: Klarna Debuts a Virtual Shopping Service; Splitit Joins the Visa Ready Program

In the latest buy now, pay later updates, Klarna AB introduced Virtual Shopping, an online service that connects shoppers with in-store experts, and Splitit Payments Ltd. joined the Visa Ready for BNPL program. Stockholm-based Klarna says its Virtual Shopping service enables consumers to browse and buy online while connecting via live chats …

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Eye on Earnings: Paya Pursues Integrated Commerce; Paysafe Looks to Recover Momentum

Paya Holdings Inc., which has been acquisitive in recent years, isn’t done doing deals. Chief executive Jeff Hack won’t name names, but multiple acquisition targets have clearly been scoped out. “We’re busy doing due diligence on a variety of deals. We see attractive opportunities for inorganic growth. You should expect …

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Digital Transactions