Mobile Wallets

A Mercedes-Benz spokesperson tells Digital Transactions News its Mercedes pay+ in-car payment service that turns the vehicle into a payment device will appear in its U.S. models, though it cannot share a timeframe for that. Announced earlier this week, Mercedes pay+ will initially be available in Germany and in other European markets later this …

Bruce Lowthers came over from FIS Inc. last spring to run a stumbling Paysafe Ltd., and in the ensuing months the new chief executive delivered a series of candid assessments of his new company. “Bluntly, we’ve lost our way here,” he told equity analysts in November, adding, “We’re impeding our …

Silvergate Capital Corp. said it will wind down its operations and return deposits to customers after it was forced to sell assets at a loss. Silergate last year acquired the assets of stablecoin venture Diem Group, formerly known as Libra. U.S. retail sales in February, excluding automotive, were up 6.9% from February 2022, …

In an expansion of the Just Walk Out technology that powers cashierless Amazon Go stores, Amazon.com Inc. is partnering with Transact Campus Inc., a provider of campus identification systems that enable student access to buildings and payments for such campus services as dining, laundry, and vending. Under the terms of …

Shift4 Payments Inc. has been cementing its position as a major payments provider for stadiums and arenas, and early on Wednesday it announced a big move into a closely related market: online ticketing. The Allentown, Pa.-based processor said it will handle payments for all tickets sold through Premier Productions’ iTickets.com …

Businesses are increasingly looking for software developers that can integrate payments and other traditional banking products and services and generate new revenue for the platforms that offer them, according to a recent report from The Strawhecker Group (TSG) and KeyBank. The trend, known as embedded banking, is a way for …

To better serve the growing segment of online shoppers who don’t want to wait for delivery and want to avoid paying shipping costs, e-commerce platform provider BigCommerce Pty. Ltd. has added buy online, pick up in store (BOPIS) capabilities. The move is being spurred in part by the continued growth …

Payments-technology provider Modern Treasury and Silicon Valley Bank launched what they call a global payment solution to let clients of the two companies send cross-border payments at lower than prevailing costs and using local automated clearing house networks. SpecTrust Inc., whose Trust Cloud offers fraud protection for online transactions, said it has …

Nearly two months after announcing it was resuming money transfers from the United States to Cuba, The Western Union Co. is significantly expanding the service to include more than 4,400 locations in the U.S. and Puerto Rico from which remittances to the island nation can be initiated. In addition, U.S. …

“While many [buy now, pay later] borrowers who we observed used the product without any noticeable indications of financial stress, BNPL borrowers were, on average, much more likely to be highly indebted, revolve on their credit cards, have delinquencies in traditional credit products, and use high-interest financial services such as …