News

October, 2024

• 2 October

  Eye on E-Commerce: Paze at 125 Million Cards; Klarna Becomes an Apple Reseller

  

  Paze, the online checkout service from Early Warning Services LLC, says more than 125 million credit and debit cards are now available to use with the e-commerce checkout tool as the service taps a new general manager. Also, buy now, pay later specialist Klarna AB has become an Apple Inc. …
• 2 October

  CellPoint’s PayU GPO Alliance and other Digital Transactions News briefs from 10/2/24

  

  CellPoint Digital, a payments-orchestration platform, announced an alliance with PayU GPO, a platform for alternative payment methods operating in more than 50 markets globally. In related news, payments-orchestration platform Transcard said it now supports payments globally through multiple currencies in an effort to smooth payments for financial companies operating worldwide. Duck Creek …
• 1 October

  Mastercard Agrees to Acquire Minna And Partners With Amazon Payments Services

  

  Mastercard Inc. announced early Tuesday it is acquiring Minna Technologies, a provider of subscription-management applications. Terms of the acquisition were not disclosed. The acquisition will enable consumers to more easily manage, renew, and cancel their subscriptions by providing them a single view of all their subscriptions within their banking apps …
• 1 October

  PayPal Updates Its User Agreement to Collect More Personalized Information

  

  Beginning next summer, PayPal Holdings Inc. will begin sharing more personalized shopper information with merchants, as outlined in its recently updated PayPal Privacy Statement. Data such as products, preferences, sizes, and styles will be shared with merchants to “help improve your shopping experience and make it more personalized for you,” …
• 1 October

  Stax Acquires BlockChyp and other Digital Transactions News briefs from 10/1/24

  

  Payments-technology provider Stax announced it has acquired payments-gateway provider BlockChyp. Terms were not announced. Payments provider TrustCommerce said its Cloud Payments platform has been certified by all major U.S. processors, including Fiserv, Chase, Elavon, Global Payments/TSYS, and Worldpay. The temporary-staffing platform Indeed Flex is working with payment provider Branch to launch a service called Same Day …

September, 2024

• 30 September

  Unlock the Power of AI with Payarc

  

    In today’s rapidly evolving financial landscape, integrating artificial intelligence (AI) is essential. The FinTech industry has seen dramatic changes, spurred by digitalization and the COVID-19 pandemic. At Payarc, we recognize the critical role AI plays in transforming payment processing, enhancing security, and driving growth. Let’s explore how AI can …
• 30 September

  Online Ordering And Delivery Make It Easier for SNAP Recipients to Shop, a DoorDash Survey Says

  

  Online grocery delivery provides recipients of SNAP benefits with increased access to food and helps them feel less self-conscious about using their benefits, says a survey Monday from online food-ordering and -delivery service DoorDash Inc. Some 74% of the SNAP (Supplemental Nutrition Assistance Program) recipients surveyed said online shopping helps …
• 30 September

  Two P2P Payments Providers Clear up What ‘Unauthorized’ Means

  

  A fresh report from Consumer Reports finds that two of the four peer-to-peer payments companies it evaluated have cleared up the definition of “unauthorized” transactions pertaining to fraud. The publication last reviewed Apple Cash, Cash App, Venmo, and Zelle in 2022. The issue of what is an unauthorized P2P transaction gained …
• 30 September

  PrePass Marks Integration and other Digital Transactions News briefs from 9/30/24

  

  PrePass, a platform for highway toll payments, said its services can be accessed via an integration with the Motive Marketplace, a platform featuring artificial-intelligence capabilities. A survey of 2,600 consumers in the U.S. market and in seven other countries revealed 61% have cut back on using digital payments or otherwise changed their …
• 27 September

  Wero Ramps Up As a European Account-to-Account Payments Provider And Heads to the Point of Sale

  

  European banks are beginning to roll out a new digital wallet called wero that initially provides account-to-account payments and is expected to be expanded to retail payments as well. If so, wero could prove to be a competitive threat to Visa Inc. and Mastercard Inc., which dominate European payments, raising …