Friday , November 27, 2020

Person-to-Person Payments

Western Union’s Real-Time Payments Service Reaches a100-Country Milestone

The Western Union Co.’s  real-time digital payout service for sending money real-time to bank accounts, digital wallets, and cards, is now available in 100 countries. The service, which was announced in September 2019 at Western Union’s investor day conference, leverages Western Union’s more than 40 banking and payment partnerships covering more than …

Read More »

Visa Commercial Pay Debuts and other Digital Transactions News briefs from 11/23/20

Visa Inc. has formed a partnership with virtual-payments technology provider Conferma Pay to launch Visa Commercial Pay, a venture in virtual commercial cards. Available globally, the suite will be available from Visa’s financial institution clients. Visa and Conferma Pay have a long-standing relationship. “Consumerization of [business-to-business] payments has significantly accelerated during …

Read More »

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 …

Read More »

Cash App Delivers for Square in a Tough Year for Merchant Processing

In a year in which a fearsomely spreading virus has shut down many businesses and wrecked some, merchant-services provider Square Inc. has had to lean more heavily than ever on the other part of its business—the 7-year-old peer-to-peer payment service Cash App. And in the quarter ended Sept. 30, Cash …

Read More »

PayPal Enjoys a Robust Quarter As It Outlines a ‘Fundamental Overhaul’ of Its Apps

PayPal Holdings Inc.’s top executives late Monday laid out what chief executive Dan Schulman called “a fundamental overhaul” of the company’s PayPal and Venmo apps that will include a new cryptocurrency feature as well as bill payment and QR code capability on top of near-field communication technology and PayPal’s Pay …

Read More »

Zelle Logs Double-Digit Increases As Consumers And Businesses Contend With Covid-19

Spurred by consumers’ need to send money to family and friends during the Covid-19 pandemic and an increasing number of financial institutions being onboarded, the Zelle peer-to-peer payment network announced Monday it processed $84 billion in transactions during the third quarter of 2020, up 18% from the second quarter. Consumers …

Read More »

Western Union P2P Transactions up 6% and other Digital Transactions News briefs from 10/30/20

The Western Union Co. reported third-quarter revenue of $1.259 billion, down 4% year-over-year. Peer-to-peer transactions in the quarter totaled 77.3 million, up 6%.MoneyGram International Inc. reported third-quarter revenue of $323.2 million, down 1% year-over-year on a constant-currency basis. Digital transactions accounted for a 27% share of all money transfers in the quarter.Amazon.com …

Read More »

Visa To Acquire YellowPepper USA and other Digital Transactions News briefs from 10/28/20

Visa Inc. has agreed to acquire YellowPepper USA Inc., whose technology supports financial institutions in Latin America and the Caribbean in launching cards and other financial services. Terms of the transaction, which is expected to close in the next few weeks, were not announced.Celero Commerce said it will acquire TransNational Payments. Celero …

Read More »

Ria Inks Kroger Deal and other Digital Transactions News briefs from 10/27/20

Ria Money Transfer, a unit of Euronet Worldwide Inc., said its services will be available in more than 2,000 Kroger stores. Ria also announced that Fiesta Mart, a grocery chain based in Texas with 59 stores, will offer its money-transfer services.A survey from daVinci Payments found that 52% of women intend to spend …

Read More »

USAT Completes EMV Advance and other Digital Transactions News briefs from 10/26/20

USA Technologies Inc., a payments-technology provider for the vending-machine business, announced it has completed the introduction of EMV and contactless EMV acceptance capability for its ePort G10-Chip reader line. The enhancement process was launched in February.The Western Union Co. said it now has added bank accounts, wallets, and cards to its …

Read More »
Do NOT follow this link or you will be banned from the site!