Adyen NV announced late Wednesday an expansion of its agreement to process mobile-app transactions for McDonald’s Corp. to include the United States. Adyen has processed payments from mobile apps for the global restaurant chain in the United Kingdom since 2020. As part the deal, Adyen will enable consumers enrolled in …
Read More »Mastercard’s First Album and other Digital Transactions News briefs from 6/22/22
Mastercard Inc. released what it says is its first music album, featuring 10 songs that include the melody of the card network’s advertising. The album was launched at the Cannes Lions Festival of Creativity.Processor Jack Henry & Associates said more than 250 financial institutions are now using its platform, JHS PayCenter, to …
Read More »Apple’s Decision to Self-Finance Its BNPL Offering Raises Key Questions, Observers Say
When Apple Inc. on Monday announced Apple Pay Later, its buy now, pay later program, the computing giant added an unexpected twist. The new program will not rely for financing on Goldman Sachs, Apple’s long-time partner for Apple Pay. Rather, Apple is setting up its own unit, to be called …
Read More »Android Specialist MagicCube Extends Dongle-Free Acceptance to Large Merchants
MagicCube Inc. has chiefly aimed its tap-to-pay technology at small sellers to allow them to take card payments directly on an off-the-shelf mobile device. But on Monday the Santa Clara, Calif.-based company announced a version of its i-Accept platform for enterprise and big-box merchants. To make i-Accept more attractive to …
Read More »Apple Makes It Official: With Apple Pay Later, It’s Jumping With Both Feet Into the BNPL Fray
Apple Inc.’s sneak peek at its iOS16 operating system on Monday included the news that the new version will include Apple’s widely expected entry in the hot buy now, pay later market. Available in the U.S. market, Apple Pay Later will be accepted at all places that take Apple Pay …
Read More »Deployers Are Driving Growth in the U.S., But Overall the ATM Count Is Sliding, a Report Says
Few payments sectors were harder hit by the pandemic than ATM networks around the world, and now numbers released over the weekend indicate that the global ATM installed base continued to decline last year, albeit at a slower rate than in 2020. The U.S. market, indeed, saw its ATM count …
Read More »Beyond Routine: Research Indicates Digital Payments Are Now ‘Second Nature’ for Consumers
Payments players have suspected for the past two years that digital payments were becoming increasingly routine, but now research is indicating they may have become “second nature.” That’s the term Marqeta Inc., the card-issuing platform, used Thursday in announcing the results included in its latest research paper, entitled “2022 State …
Read More »Paddle Acquires Profitwell for $200 Million and other Digital Transactions News briefs from 5/25/22
Payments-technology provider Paddle announced it has acquired ProfitWell, a vendor of software for subscription metrics and retention automation. The deal is valued at more than $200 million in cash and equity.Apple Inc.’s tap-to-pay on iPhone is rolling out to its retail stores today, according to a Twitter post from Bloomberg reporter Mark Gurman. The …
Read More »Square’s New Tools Aim to Keep Restaurants a Step Ahead in the Technology Arms Race
Block Inc.’s Square unit late Thursday unveiled a suite of hardware and software tools the company says is aimed at helping restaurants manage orders, payments, and their overall business more efficiently as they wrestle with worker shortages and other fallout from the pandemic. The new technology also comes as competition …
Read More »Afterpay Now In-Store at Square Merchants and other Digital Transactions News briefs from 5/17/22
Square announced its Afterpay buy now, pay later service is available to in-person point-of-sale merchants in the United States and Australia who use Square Point of Sale, Square for Retail, Square Appointments, or Square for Restaurants. In the first quarter, Square, a unit of Block Inc., said the average transaction size with Afterpay …
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