Monday , November 28, 2022

Person-to-Person Payments

MoneyGram Adds International Partners and other Digital Transactions News briefs from 10/16/20

MoneyGram International Inc. reached an agreement with Lulu Money in which consumers in Hong Kong can send or receive money at any Lulu Money location and also link to the MoneyGram network.In related news, MoneyGram and PayMaya, a payments provider in the Philippines, have agreed to launch a service that will allow …

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Western Union Extends Kroger Deal and other Digital Transactions News briefs from 10/14/20

The Western Union Co. has extended an agreement with grocer The Kroger Co. to offer Western Union payment services at Kroger stores.Parking-app provider ParkMobile LLC announced an agreement with Diamond Parking to expand usage of the app to some 2,000 parking spots in more than 40 locations in San Diego. The app claims nearly 100,000 …

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PCI Pal Links with Stripe and other Digital Transactions News briefs from 10/13/20

PCI Pal, whose services enable businesses to collect payments in accordance with the PCI Security Standards Council data-security rules, announced a link-up with payments provider Stripe Inc. to allow Stripe clients to more quickly deploy PCI Pal’s technology.Paya Inc. said UtilityBilling.com, a subscription billing and payment platform, integrated Paya’s processing service.PlusPass, …

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Fueled by Covid-19, Fiserv Says It Has Linked 200 Financial Institutions to Zelle in 2020

Fiserv Inc. has onboarded 200 banks and credit unions to the Zelle peer-to-peer payments network since the start of the year, doubling the number of financial institutions it has brought into the network since 2017. Of the 200 financial institutions, more than 80% have gone live since March, when the …

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49ers’ Home Levi’s Stadium Going Cashless and other Digital Transactions News briefs from 10/6/20

Levi’s Stadium, home of the San Francisco 49ers National Football League team, will transition to cashless when fans are able to return to the venue, the team announced. Card and mobile payments will be used for concessions, merchandise, and other purchases. The stadium is the first fully contactless-enabled NFL venue, the team …

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PayPal Adds QR Codes to a Visa-Branded Venmo Card Issued by Synchrony With an NFC Chip

PayPal Holdings Inc. on Monday launched a Visa-branded credit card for its Venmo peer-to-peer payment service that features a QR code for P2P transfers in addition to a near-field communication chip for merchant acceptance. The new product arrives as PayPal searches for ways to boost revenue for its wildly popular …

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POS Credit To Grow 92% and other Digital Transactions News briefs from 9/22/20

Online purchases using installment credit will total $680 billion globally in 2025, up 92% from $353 billion last year, projects Kaleido Intelligence.In related news, point-of-sale installment lender Laybuy launched a partner program to help smaller retailers offer the credit. More than 6,000 merchants offer Laybuy.MetaBank N.A., a unit of Meta Financial Group Inc., …

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Visa SMB Support Campaign Begins and other Digital Transactions News briefs from 9/21/20

As small businesses prepare for the holiday shopping season in the midst of the coronavirus pandemic, Visa Inc. announced it is launching programs and resources to support their efforts, including so-called Visa Street Teams that visit stores to provide point-of-sale materials to support contactless payments.In related news, Visa said 60% of U.S. …

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VSoft Launches Bread, the Latest Entry in the Real-Time Payments Sweepstakes

VSoft Corp., a provider of digital-banking and payment solutions to financial institutions, on Wednesday launched the Bread network, a peer-to-peer, consumer-to-business, business-to-consumer, and business-to-business payment network.  Bread enables real-time payments between financial institutions within its network. Money sent and money received is kept within the users’ respective financial-institution accounts, as …

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Avon Calls on Apexx for Processing and other Digital Transactions News briefs from 9/16/20

Beauty-products marketer Avon International has recruited payments provider Apexx Global to process consumer payments to Avon representatives across global markets. Apexx supports credit and debit cards, PayPal, Apple Pay, and Android Pay as well as local payment methods.As the holiday shopping season nears, 39% of merchants surveyed by PayPal Holdings Inc. plan to sell …

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Digital Transactions