Monday , August 3, 2020

Pricing

PayPal Plots a POS Course With QR Codes As It Comes Off the ‘Strongest’ Quarter in Its History

PayPal Holdings Inc. has made big plays for the physical point of sale before, but on Wednesday the San Jose, Calif.-based company unveiled what could be its biggest strategy yet to capture transactions at the cash register. Top executives said an arrangement under way with CVS Pharmacy to run PayPal …

Read More »

Paysafe To Buy Openbucks and other Digital Transactions News briefs from 7/27/20

Payment processor Paysafe said it has a deal to acquire the gateway Openbucks for an undisclosed price.The Missouri Department of Social Services said it now allows child-support payments via Apple Pay, Google Pay, and PayPal.Mogo Inc., a Canadian fintech, made publicly available MogoSpend, a so-called spending account that comes with a cobranded Visa Platinum prepaid …

Read More »

A Ripple Executive Sets up a Digital Wallet for One-Click Checkout With XRP

The big card networks have been introducing a one-click e-commerce checkout and plan to take it overseas by next year, but now a Ripple Labs Inc. executive may beat them to the punch with a single-click capability for Ripple’s XRP cryptocurrency. In what he characterizes as a “personal project,” Ripple director …

Read More »

Google Announces Test With No Commissions for Sellers Using Its Shopping Platform

Expanding on an initiative it began April that offered free listings for some merchants, search-engine leader Google on Thursday announced a test that charges zero-percent commissions to online sellers when they sell a product through its Shopping Actions service. In addition, sellers can use Shopify Inc.’s payment service as well …

Read More »

Starbucks Expands Reward-Eligible Payment Methods and other Digital Transactions News briefs from 7/21/20

Coffee king Starbucks Corp. announced new options beginning this fall for earning loyalty points, or stars, in the Starbucks Rewards program without paying with a registered Starbucks physical card or card loaded into the Starbucks mobile app. The options to be available at company-owned stores in the United States and Canada will …

Read More »

Its PayPal Deal Having Expired, eBay Acts on Its Global Ambitions for Managed Payments

Free of the restraints of a legal agreement with PayPal Holdings Inc., eBay Inc. said early Monday it will now start on a global expansion of its 2-year-old managed-payments program. The program has already delivered $4.7 billion in total payment volume in the United States and Germany, the company said, …

Read More »

European Commission Report Details Wealth Redistribution From Interchange Regulation

A new European Commission report shows how interchange regulation has lowered merchants’ payment card acceptance costs and taken more than $3 billion a year from card issuers’ top lines. The EC, the executive arm of the Brussels-based European Union, implemented its so-called Interchange Fee Regulation in 2015 and 2016. The …

Read More »

7-Eleven Launches a Fuel Loyalty And Payments Program While Its Mobile Checkout Arrives in Utah

7-Eleven Inc. is testing a fuel loyalty program that also provides a contactless payment option with Siri functionality for iPhone users. The convenience-store chain also is expanding its mobile checkout capability through its app to Utah locations. Irving, Texas-based 7-Eleven is testing the fuel loyalty service in Orlando, Fla., northern …

Read More »

With a Loss Before Britain’s High Court, Visa And Mastercard Face an Interchange Reckoning

Merchants in the United Kingdom won an important battle against interchange fees on Wednesday but it remains uncertain just how much that will mean to them in terms of remuneration from Visa Inc. and Mastercard Inc. The case also could have ramifications for similar action in the U.S. market, some …

Read More »

VizyPay, Clover, And Cash Discounts and other Digital Transactions News briefs from 6/9/20

Independent sales organization VizyPay LLC launched a cash-discount app for Fiserv Inc.’s Clover point-of-sale systems; the app, an extension of VizyPay’s cash-discount program, is available in the Clover App Market.MoneyGram International Inc. reported a doubling of its digital-transaction volume in May from May a year ago. Growth in this category in the first …

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