Friday , March 29, 2024

Person-to-Person Payments

Shift4 Denies EVO Rumors and other Digital Transactions News briefs from 11/18/21

Shift4 Payments Inc. denied what it called “media reports” that it is pursuing an acquisition of EVO Payments Inc. Shift4 is “focused on supporting … new growth verticals” instead, the company said.Microsoft Corp. is testing buy now, pay later capability in its Edge browser. In conjunction with Zip Co. Ltd., the BNPL service is at the …

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EVO Notes Oracle Integration and other Digital Transactions News briefs from 11/16/21

EVO Payments Inc. reached an agreement with Oracle that will see EVO able to enable Oracle’s enterprise payment services to EVO’s hospitality and retail merchants. EVO will be able to offer its acquiring services to Oracle customers. EVO also will develop a direct integration to the Oracle Payments Interface, which provides …

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Western Union Taps Fiserv Exec as CEO and other Digital Transactions News briefs from 11/15/21

The Western Union Co. named Devin B. McGranahan as its new chief executive, replacing Hikmet Ersek, who is retiring at the end of 2021. Ersek’s 21-year Western Union career includes the past 11 years as CEO. McGranahan comes to the money-transfer giant from processor Fiserv Inc. where he most recently was …

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Western Union Deepens Its Mastercard Integration With Send And Cross-Border Additions

The Western Union Co. is boosting its tie-ins with Mastercard Inc. by integrating the card brand’s direct-to-card and cross-border payments products. Announced Friday, the integration sees Mastercard Send added to broaden Western Union’s payout capabilities in the United States. U.S. recipients of any Western Union transfer will be able to …

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Crypto Platform Bakkt Reports 38% Revenue Jump and other Digital Transactions News briefs from 11/12/21

Cryptocurrency platform Bakkt Holdings Inc. reported $9.1 million in revenue for the quarter ended Sept. 30, up 38% year-over-year. The company’s net loss expanded 61% to $28.8 million. Bakkt has recently formed partnerships with Mastercard Inc. to allow banks to issue crypto-linked credit and debit cards and with Fiserv Inc. for a future integration …

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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 …

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An Ambitious Square Sets Priorities to Reach Bigger Merchants And Expand Cash App’s User Base

In the face of an ongoing pandemic, Square Inc. late Thursday reported a record quarter for gross processing volume and made it plain its strategic priorities are to move upmarket to larger merchants and to expand the user base for its consumer product, Cash App. Recent moves include Square Invoices …

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Small-Business Payments And Disbursements Help Fuel Zelle’s Q3 Growth

Building on its strategy of expanding beyond peer-to-peer payments, Zelle, the P2P network operated by Early Warning Services LLC, processed $127 billion on 466 million transactions during the third quarter of 2021. Overall, the dollar value of payments sent during the quarter increased 51% from the same period a year …

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Jack Henry’s Zelle Incentive and other Digital Transactions News briefs from 11/2/21

Jack Henry & Associates Inc. and Early Warning Services LLC, the Zelle operator, announced a rebate program through June 2022 for minority-owned depository institutions that enable Zelle via Jack Henry’s JHA PayCenter, its faster payments hub.Prepaid Technologies Co. Inc. said it raised $96 million in its latest funding round that it will use …

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A New Report Shows Just How Many Consumers Have Adopted Digital Payments Since Covid

It has been known anecdotally over the past year that the impact of the Covid-19 pandemic has shifted consumers to digital payments. On Monday, survey results emerged to show just how extensive that shift has been. Roughly one-third of consumers who now use such services as digital wallets, peer-to-peer payments, …

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