Monday , November 29, 2021

News

November, 2021

  • 10 November

    A Fast-Growing Affirm Looks to Supercharge Its Expansion With an Exclusive Amazon Deal

    Buy now, pay later powerhouse Affirm Inc. will be the exclusive provider of BNPL services for Amazon.com until the end of January, 2023, under a deal Affirm announced Wednesday. Affirm will also be included as an option in Amazon’s wallet, Amazon Pay, according to the agreement. The agreement represents a …

  • 10 November

    Eye On BNPL: Afterpay Expands Its In-Store Presence; Mastercard Installments Expands

    In time for the start of holiday-shopping season, buy now, pay later provider Afterpay Ltd. has expanded its in-store presence. New retailers offering the service include Nordstrom and Nordstrom Rack, J.Crew, Madewell, and American Eagle. In addition, Afterpay will be available at airport and resort-casino specialty retailer Marshall Retail Group, …

  • 10 November

    Shift4 Heralds Moves Into New Markets As It Sees End-to-End Volume Nearly Double

    Payments processor Shift4 Payments Inc. announced early Wednesday a service outage at a major processor in August cost the company more than $22 million in payments to affected merchants. But it added the Allentown, Pa.-based company is plunging into a range of new markets with major clients including Allegiant Airlines, …

  • 10 November

    Restaurant Specialist Presto To Go Public and other Digital Transactions News briefs from 11/10/21

    Presto, a provider of payment tablets for the restaurant industry, said it will go public through a merger with Ventoux CCM Acquisition Corp., a special purpose acquisition company. The deal values the combined company at an estimated $1 billion. Presto, whose clients include major brands like Applebee’s and Outback Steakhouse, …

  • 9 November

    The POS Terminal Backlog Is Opening the Door to Merchant Adoption of Tap-to-Mobile Tech

    The continuing shortage of semiconductor chips is creating an opportunity for merchants and consumers to embrace tap-to-mobile payments, according to a study from payments processor NMI.  The survey, which polled merchants and consumers in the United States and the United Kingdom, revealed that 95% of merchants said they would consider …

  • 9 November

    Nuvei Revenue up 96% and other Digital Transactions News briefs from 11/9/21

    Processor Nuvei Corp. announced it handled $21.6 billion in volume in the third quarter, up 88% year-over-year, with e-commerce accounting for 83% of that total. Revenue grew 96% to $183.9 million. Nuvei completed its initial public offering last month and trades on the Nasdaq.Global business-to-business and business-to-consumer e-commerce volume will hit $6 trillion next year, …

  • 8 November

    PayPal Announces a Venmo Deal With Amazon And a Promising Launch for Its ‘Super App’

    PayPal Holdings Inc. announced late Monday U.S. users of its Venmo wallet will be able to use Venmo on Amazon.com Inc.’s massive marketplace and on the Amazon shopping app in the U.S. market, starting in 2022. The news comes as the latest development in a long effort PayPal has engaged …

  • 8 November

    Tipalti Launches a Prepaid Debit Card to Help Facilitate Payroll for the Unbanked

    Payables-automation company Tipalti Inc. is partnering with Intercash, a provider of prepaid card solutions, to offer Mastercard-branded prepaid cards in 192 countries, including Latin America and Southeast Asia. Tipalti views the cards, which are available to the general public, as a way for businesses to pay unbanked and underbanked workers …

  • 8 November

    Visa And Daimler Plan to Bring Strong Authentication Natively to the Dashboard

    Digital payments have been moving to the automobile dashboard for some time, and now the latest development is user authentication. Visa Inc. and the big automaker Daimler AG are planning to launch so-called native in-car payments starting next spring, according to an announcement early Monday. The new capability will replace …

  • 8 November

    U.S. Bank’s Bill Pay Tweak and other Digital Transactions News briefs from 11/8/21

    U.S. Bank said it added its Request for Payment services to its U.S. Bank eBill Service, enabling the bank’s commercial clients access to an integrated bill delivery and payment platform. The Request for Payment component enables consumers to choose to have their bills delivered directly to them through the bank’s Web …

Digital Transactions