Virtual payment cards have been around for more than a decade, but now they appear to be poised for big growth with the rise of e-commerce and the wide availability of digital wallets. Indeed, the volume of transactions arising from these cards will balloon from 28 billion worldwide this year …
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Rivalry in the highly competitive restaurant POS systems market got even hotter Monday as PNC Financial Group Inc., announced its acquisition of Linga, a provider of point-of-sale systems for the restaurant and hospitality industry, for an undisclosed sum. The deal will enable PNC to better serve its clients in the …
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Apple Inc.’s latest financial product, a buy now, pay later service called Apple Pay Later, has yet to arrive, though the iPhone operating system it was expected to require launched Sept. 12. Why is that? One Bloomberg columnist suggests Apple Pay Later, which was announced in June, may not arrive …
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Mobile-wallet developer Humbl Inc. announced an integration with food-delivery platform Great Foods2Go that will include the integration of Humbl’s Humbl Wallet, Humbl Pay, Humbl Search Engine, and Humbl Marketplace capabilities.Bank of America announced it has added a sign-in capability by QR code for its CashPro platform, a payments utility for client companies. The …
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Everybody knows the U.S. retail arena is changing, but a new report from Checkout.com reveals that four trends, among them the growth in digital payments, currently are most affecting it. Rising prices, consumers seeking new shopping channels, and increased competitiveness are the other three trends altering the retail landscape. United …
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Affirm Inc. expanded its installment payment service with Amazon.com Inc. to consumers in Canada.Digital personal finance provider Achieve said the percentage of Achieve users with buy now, pay later accounts on their credit reports grew 58% in June compared to January 2021.The “2022 State of Credit” report from Marqeta Inc. found that 64% of BNPL users reported …
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Galileo Financial Technologies LLC said late Tuesday it is partnering with DataVisor Inc. to enhance its fraud-detection technology beyond credit cards to include such payments options as debit cards and the automated clearing house. The new technology will also include provisioning and onboarding of new accounts. The partnership comes as …
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Paysafe Ltd. said it will offer its payment gateway to international merchants using a payments orchestration platform from Spreedly.Payments provider Fortis said its services will be integrated with hotel property-management systems from Visual Matrix under a new agreement. Visual Matrix says more than 3,000 properties use its technology.Visa Inc. said it has processed more …
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Seeking to carve out a slice of business-to-business sales, Flexbase Technologies Inc., a San Francisco-based fintech that provides financing technology to businesses, has launched a buy now pay later app for the B2B market. The app, called Flexbase Pay, provides a fresh twist on the traditional net-60 credit terms in …
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Netcetera, a provider of digital-payments software, has joined Mastercard Engage, the card company’s global partner network.Canada-based payments provider OTT Pay Inc. has expanded to the U.S. market to offer a cross-border payments platform for global e-commerce merchants.Technologies such as smart phones and the Internet will drive digital payments volume to $19.89 trillion …
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