Wednesday , November 25, 2020

News

November, 2020

  • 20 November

    68% of Consumers Will Use Contactless Payments and other Digital Transactions News briefs from 11/20/20

    A Discover Financial Services survey found that 68% of consumers said they will use contactless payments more to avoid touching public surfaces and 66% would use less cash because of the Covid-19 pandemic. The survey of 2,000 U.S. adults also found that 35% said they plan to spend less this holiday shopping …

  • 19 November

    A Revamped Google Pay Seeks Wider Appeal by Pushing Beyond Payments

    Alphabet Inc.’s Google unit on Wednesday announced a major overhaul of its 5-year-old Google Pay wallet to push beyond mobile payments and incorporate links and data Google says will generate daily usage. The move comes as major payment apps such as Apple Pay and Google Pay have sought to boost …

  • 19 November

    Eye on BNPL: Klarna Adds 1 Million Customers in 3 Weeks And Affirm Readies an IPO

    Consumers appear to be flocking to buy now, pay later options. Evidence of that comes from Klarna US, which says it gained 1 million customers in three weeks, pushing its total to 11 million. It has grown from 9 million customers only since August. Among the reasons for the rapid …

  • 19 November

    Payroc Acquires Bluestone Payments and other Digital Transactions News briefs from 11/19/20

    Payroc World Access LLC announced the acquisition of Bluestone Payments LLC, an independent sales organization founded by Linda Rossetti. Rossetti will remain Bluestone president and take on the executive vice president, strategic initiatives, role at Payroc. Terms were not disclosed.Payments processor Nuvei Corp. said its Nuvei Technologies Inc. unit has been approved by …

  • 18 November

    Earn 36x Upfront with NAB’s BIGGEST Residual Buyout Offer Ever!

    Thinking of cashing in on some of your residuals to get capital? Worried about how the uncertainty of potential administration changes in Washington could impact your bottom line? Inching closer towards retirement? No matter what your reasons, now is the perfect time to cash in on your portfolio. That’s because …

  • 18 November

    InComm Brings Cashless Payments to Sports And Entertainment Venues Via Prepaid Cards

    With the Covid-19 pandemic surging across most of the United States, sports and entertainment venue operators are looking for ways to convert cash transactions to cashless payments. In response, Atlanta-based InComm Payments on Wednesday announced the Jacksonville Jaguars organization of the National Football League is allowing consumers to exchange cash …

  • 18 November

    Amid the Pandemic, Online Grocery Sales Are Forecasted To Grow 53% in 2020

    Online grocery sales, which stood at $58.36 billion in 2019, will reach $89.22 billion in 2020, forecasts eMarketer Inc., a New York City-based research firm. That’s a 53% increase. The prediction comes as many states re-institute store capacity limits and urge individuals to leave their homes only as necessary.  “Amid …

  • 18 November

    CardFlight Adds 20,000 Merchants and other Digital Transactions News Briefs from 11/18/20

    Point-of-sale technology provider CardFlight Inc. said more than 20,000 new merchants so far this year have installed the company’s SwipeSimple software, bringing the total to 70,000. The technology lets merchants accept mobile as well as in-store payments.Square Inc. released Square KDS, software that displays restaurant order tickets from various points of origin, including point of …

  • 17 November

    Through Infinicept, Mastercard And MissionOG Bet on the Potential in Embedded Payments

    Payments facilitator-services provider  Infinicept on Tuesday announced it has received a new round of funding from Mastercard Inc. and MissionOG, a venture-capital firm specializing in financial services and software and co-founded by former Mastercard president and chief executive Gene Lockhart. The new funding round, the amount of which was not disclosed, …

  • 17 November

    Why Regulators Are Saying ‘Yes’ to Mastercard-Finicity But ‘No’ to Visa-Plaid

    Visa Inc. may be stymied for the time being in its quest to enter the increasingly crucial data-networking business, but its archrival Mastercard Inc. now expects to become a key player in that arena by the end of the year. That’s when the number-two card network says it will close …

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