January 6, 2021
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mobile Wallets, Near-Field Communication (NFC), Person-to-Person Payments, Point-of-sale, Transaction Processing
Payments platform Qualpay said it is now supporting Google Pay transactions in recognition of increasing consumer usage of mobile wallets.Payments-technology provider Cardknox launched a beta version of its partner portal, intended for the use of sales partners and independent sales vendors to onboard and manage merchant-processing accounts.Digital-payments provider Payrailz has launched Action Insights, a service intended …
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January 5, 2021
Acquiring, Competitive Strategies, E-Commerce, Issuing/Originating, Law and Regulation, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Transaction Processing
PayPal Holdings Inc. may have prevailed in its lawsuit against the Consumer Financial Protection Bureau over the CFPB’s rules pertaining to prepaid cards and digital wallets, but the overarching legal battle is likely to continue. The ruling, which was handed down Dec. 30 by U.S. District Judge Richard Leon and …
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January 5, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
In the week before and the week of Christmas, consumers markedly increased their use of mobile wallets, with mobile wallets loaded with a debit card increasing 79.2% from the same weeks a year ago, according to the Tracking Transaction Trends report from PSCU, a credit union service organization. Use of mobile …
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January 4, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Law and Regulation, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Buy now, pay later provider Afterpay Ltd. said users’ average ticket increased 30% in the fourth quarter compared to the same period in 2019.Affirm Inc. completed its acquisition of PayBright, a buy now, pay later provider in Canada.PayPal Holdings Inc. announced a check cashing feature for select Venmo app users. This enables them to have funds …
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December 31, 2020
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Marketing, Mobile Wallets, Point-of-sale
Bitcoin, the world’s largest and most well-known digital currency, is ending the year above $28,000, a quadrupling of its value since the start of 2020. Its market capitalization as of Dec. 30 is $536 billion, up from $133 billion at Jan. 2.RevoluGroup Canada Inc. has launched the RevoluEX Cryptocurrency Exchange that …
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December 30, 2020
Acquiring, Automated Clearing House, Competitive Strategies, Issuing/Originating, Mobile Wallets, Prepaid Cards
Challenger bank Current said it is the first fintech in the country to receive the second round of federal stimulus payments and is making the funds available to members immediately. The stimulus bill, which provides for $600 payments to individuals, was approved by Congress Dec. 21 and signed by President Donald Trump …
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December 23, 2020
Acquiring, ATMs, Automated Clearing House, Competitive Strategies, E-Commerce, Electronic Checks, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
NCR Corp. said Big Y Foods Inc., with 85 New England locations, selected the NCR Emerald point-of-sale system for its checkouts.With the pandemic shutting down casinos, gambling is moving online, where the volume of wagers is expected to nearly double to $92.9 billion in 2023 from $59 billion this year, Statista forecasts.Payments provider Paysafe …
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December 21, 2020
Acquiring, Competitive Strategies, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Prepaid Cards, Transaction Processing
Fast-food chain Burger King is depositing $1 into random Venmo accounts to promote the chain’s $1 Your Way Menu, which features all items at a price of $1. Venmo is a peer-to-peer payments provider owned by PayPal Holdings Inc.Blackhawk Network said it has added a capability to order gift cards for curbside pickup …
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December 18, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
A new report finds that debit card use is gaining favor among consumers compared to credit cards immediately following the national election in November. That’s according to The Future of Money Report 2020 from Logica Research. “This unprecedented year has uncovered contrasts between challenges and opportunities in the world as …
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December 18, 2020
Acquiring, Competitive Strategies, E-Commerce, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
WinCo Foods, a grocery chain with 129 stores in the Western United States, has launched a gift card program from Blackhawk Network.Buy now, pay later service Zip announced an offer of 3% cash back on purchases on its service during the Christmas season through Jan. 8. Zip recently launched Tap & Zip, which …
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