Mobile Wallets

Bill-payment platform provider PayNearMe Inc. will dramatically expand its merchant network with the addition of Walgreens Co. in an agreement announced Wednesday. The pharmacy chain adds nearly 9,000 Walgreens and Duane Reade locations to PayNearMe’s merchant network, bringing the company’s total to more than 40,000 retail locations. PayNearMe’s platform lets …

Consumer spending in the United States, in terms of February retail sales excluding auto, was up 8.7% over February 2021 and 17.3% over February 2019, according to Mastercard Inc.’s SpendingPulse report, which monitors in-store and online retail sales.President Joe Biden signed an executive order requiring federal agencies to work out a common …

Consumers accustomed to the PayPal and Venmo digital wallets from PayPal Holdings Inc. can now deploy them to make federal tax payments when using the ACI Payments Inc. service. Announced Tuesday by parent company ACI Worldwide Inc., the service adds another digital tax payment option. And ACI Payments, which ACI …

Having posted strong revenue growth in 2021, Payoneer Global Inc., a provider of online money transfer, digital payment services, and working capital to businesses, sees significant growth opportunities in such markets as Latin America, Asia, the Middle East, and Africa.  “These are regions that are in the early stages of …

As Russian armed forces continue their assault on Ukraine, Visa Inc., Mastercard Inc., and American Express Co. late Saturday said they are suspending all operations in Russia, following up on actions taken by the networks nearly a week earlier. Meanwhile, reports began to filter out of Russia that at least some …

Block Inc., parent company of Square Inc., has become the latest payments provider to come under the scrutiny of the Consumer Financial Protection Bureau. The CFPB, as well as attorneys general from multiple states, have requested information from Block related to how the company handles complaints and disputes from customers …

The Clearing House Payments Co. LLC said transaction volume on EPN, its automated clearing house network, increased 9.6% in 2021. The Clearing House and the Federal Reserve, the only ACH operators in the United States, each handle approximately half the commercial ACH market, TCH said.Buy now, pay later provider Sezzle Inc. said Yapstone …

Despite the economy reopening after the disruptions caused by the Covid-19 pandemic, e-commerce continues to boom as consumers embrace shopping online from home or via their mobile device.  A recent study from FIS Inc. reveals that e-commerce transaction values in the United States grew 10% in 2021 compared to 2020, …

The actions taken by the SWIFT payments-messaging network and by Visa Inc. and Mastercard Inc. to punish Russia for its invasion of Ukraine will have an impact, but a muted one, observers say.  The 49-year-old SWIFT system, which on Saturday said it is banning Russian banks, has not barred all …

Paysafe Ltd. early Wednesday reported progress in turning around its beleaguered digital-wallet business, noting a crucial deal with the world’s largest cryptocurrency exchange and progress in its key iGaming market. As part of an effort to reinvigorate its wallets, “We’re starting to work with crypto exchanges” more actively, Philip McHugh, …