eBay Adds Google Pay and other Digital Transactions News briefs from 3/21/19
Digital Transactions News staff
March 21, 2019
Acquiring, Automated Clearing House, Competitive Strategies, Digital Currency, E-Commerce, Mobile Wallets, News
- The eBay Inc. online marketplace is adding Google Pay as a payment option as it rolls out its new managed-payments platform to sellers. Google Pay will be activated in April and will be available via the app or mobile Web, and users will be able to use it on desktops regardless of operating system or device. The move follows eBay’s earlier addition of Apple Pay.
- The bill-payment network doxo introduced Apple Pay for its mobile users, who account for most of the service’s payments and half of whom use an iOS device. Doxo says it connects more than 2.5 million users with more than 45,000 businesses.
- Square Inc. is looking to hire three or four “crypto engineers” and a designer to work on crypto solutions for the company, according to a tweet from chief executive Jack Dorsey. The new hires will have the option to be paid in Bitcoin, the tweet says. Square supports Bitcoin in its Cash App person-to-person payment app.
- Fleet-fueling and corporate-payments processor WEX Inc. reported fourth-quarter revenue of $381.2 million, up 15% year-over-year. The company’s stock is up nearly 33% since Jan. 1, versus a 13% increase for the S&P 500 benchmark.
- MineralTree Inc., a provider of payments software for finance professionals, reported its payment volume increased 71% in 2018 to more than $5 billion. It also added 15 financial-institution resellers, bringing its total to 27, in a year in which the company doubled its size, forcing it to move into new quarters early this year.
- Zeux, a London-based provider of a digital-banking app, plans to offer mobile payments based on cryptocurrency at stores accepting Apple Pay or Samsung Pay. Merchants would receive fiat currency and the corresponding crypto would be deducted from users’ Zeux wallet.
- NACHA, the automated clearing house governing body, released “Faster Payments 101,” a primer to help educate payments-industry members about the technology.
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