Mobile Wallets

Not quite two years old, LG Pay, the mobile payment service from LG Electronics USA, is shutting down, according to a report on Droid-Life.com. It captured a screenshot of an alert declaring the service will be phased out and discontinued “over the remainder of 2021.” In April, LG announced it was exiting …

With small and medium businesses looking to establish or expand their e-commerce presence, Wix.com Ltd., an Israeli-based provider of cloud-based Web-development services, is adding Skrill, a digital wallet and payments gateway operated by Paysafe Group Holdings Ltd., to its platform. Integrating Skrill will enable Wix merchants to accept credit and …

Vendors of parking apps in North America have an even more potent new competitor with the closing on Tuesday of EasyPark Group’s acquisition of the Park Now Group, which includes Atlanta-based ParkMobile LLC. The deal, which the companies announced in March, brings a major North American stake to Stockholm-based EasyPark, …

Deluxe Corp. has closed on its $960-million cash deal for payments provider First American Payment Systems, announced in April. The acquisition doubles Deluxe’s payments revenue to $600 million annually, driving its share of the company’s overall revenue from 17% to 29%. Authentication-technology provider LoginID Inc. said it has received an undisclosed investment from Visa …

Consumers traveling with cryptocurrencies busting out of their digital wallets will be able to spend some of that at select Sheetz convenience stores later this summer. Sheetz says it is the first c-store chain to accept crypto. In an announcement Friday, the 622-store chain says it will enable crypto acceptance …

At the height of the pandemic last spring, the World Bank projected that 2020 remittances to low- and middle-income countries would decline by 20% year-over-year—nearly $445 billion—because of lower wages and growing unemployment among migrant workers. And in the process, there would be yet another casualty of Covid-19 as the …

SpotOn Transact Inc. said it will offer its point-of-sale services free for one year to aspiring restaurateurs under a program with the TV show “Guy’s Restaurant Reboot.”In related news, SpotOn said it has raised $125 million in Series D funding in a round led by Andreessen Horowitz. The round values the company at …

The advent of real-time payments, account-to-account transfers, and card-based disbursements is making it easier for consumers to receive claims funds much quick than waiting for a paper check. State Farm Insurance Cos. is one of the latest providers with its release earlier this month of Digital Pay, a service provided …

Payments technology provider Tappit said it is providing its white label, touchless mobile payment service to Learfield IMG College, a media and technology services company in intercollegiate athletics. Learfield will offer the service to university athletic departments that can integrate the service into their mobile apps.Payments provider Rev19 LLC, founded in 2017, has rebranded as …

Quick Response codes are one of the many payment options to flourish as consumers embrace digital and contactless payments in the wake of the Covid-19 pandemic, says a report from Blackhawk Network Inc.  Of the 13,000 respondents surveyed across nine countries representing nearly half of the world’s card-payment volume, 18% …