October 23, 2020
Acquiring, ATMs, Competitive Strategies, Debit Cards, E-Commerce, Fraud & Security, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Prepaid Cards, Transaction Processing
Alphabet Inc.’s Google unit announced it is enabling shopping and purchasing within its Gmail email service via an agreement with Skipify Inc., a payments provider that relies on artificial intelligence technology.North Lane Technologies, formerly Wirecard North America Inc., and daVinci Payments have banded together to create Syncapay Inc., a holding company for payment-technology …
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October 16, 2020
Acquiring, Competitive Strategies, Issuing/Originating, Marketing, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Prepaid Cards, Real-time Payments, Transaction Processing
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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October 15, 2020
Competitive Strategies, Debit Cards, E-Commerce, Mobile Commerce, Mobile Wallets, Point-of-sale, Prepaid Cards
With a looming holiday shopping season inflected by uncertainties surrounding the effects of the Covid-19 pandemic, payments firms are trying to work out how consumers may change spending habits this year. A study released Thursday indicates processors expect a healthy jump in e-commerce volume, including a surge for gift cards. …
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October 8, 2020
ATMs, Competitive Strategies, Debit Cards, Issuing/Originating, Kiosks & Ticketing Machines, Prepaid Cards, Transaction Processing
With cash on the outs with many pandemic-wary consumers and merchants these days, payments firms are looking for alternatives. One such option is a so-called reverse ATM, a machine that takes in cash instead of dispensing it to allow users to convert paper money into an electronic payment instrument. An …
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September 21, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Marketing, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Prepaid Cards, Transaction Processing
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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September 17, 2020
Competitive Strategies, Credit Cards, Debit Cards, Marketing, Near-Field Communication (NFC), Point-of-sale, Prepaid Cards, Transaction Processing
PureWrist, a contactless-transaction technology provider, on Thursday debuted PureWrist Go, a reloadable flexible bracelet with an embedded EMV chip that allows consumers to make prepaid contactless transactions. PureWrist GO, which retails for $25, plus the amount preloaded on to device, is the flagship product on the PureWrist platform. New York …
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September 9, 2020
Competitive Strategies, Debit Cards, Issuing/Originating, Marketing, Point-of-sale, Prepaid Cards, Transaction Processing
The pandemic has sparked a huge lift in online gift card sales as consumers make shopping for the plastic part of their e-commerce routine. The number of cards purchased online soared 57% in the first six months of this year compared to the first half of 2019. Some 52% of …
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September 1, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Issuing/Originating, Law and Regulation, Mobile Commerce, Point-of-sale, Prepaid Cards, Transaction Processing
Shift4 Payments Inc. will provide tokenization, gateway, and end-to-end payment processing for a digital-commerce platform from Sionic Mobile Corp., according to a joint announcement from the companies. The initial focus is on restaurants, including services for online ordering and existing mobile payment and loyalty apps.Fiserv Inc. announced that starting Tuesday consumers with Alexa-enabled cars or …
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August 19, 2020
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Mobile Commerce, Mobile Wallets, Point-of-sale, Prepaid Cards, Transaction Processing
Payments provider Blackhawk Network Inc. said it is working with the California Governor’s Office of Emergency Services to distribute a total of $25 million in aid on 50,000 prepaid cards to health-care professionals battling Covid-19. The money was donated by Facebook Inc.Payroll-services provider PayActiv Inc. said its study of usage data from a sample …
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August 14, 2020
Competitive Strategies, Issuing/Originating, Marketing, Point-of-sale, Prepaid Cards, Transaction Processing
Prepaid payments specialist InComm Inc. announced a big step in the Canadian market this week with a deal to expand its services this summer to some 704 grocery stores in Ontario and Quebec using the Metro banner or affiliated brands owned by Metro Inc. InComm says it will offer Metro …
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