Saturday , July 4, 2020

eBay To Expand Payments Program and other Digital Transactions News briefs from 1/29/20

  • EBay Inc. plans to expand its managed-payments program dramatically starting in the second half of next year, officials said Tuesday. Introduced last year, the program depends on a gateway from Adyen NV and now operates in the United States and Germany. “We will go hard at not only the markets that we’re in … but we will expand into the markets in other quarters,” said interim chief financial officer Andy Cring, according to an earnings-call transcript. The managed-payments initiative is limited by an operating agreement with PayPal Holdings Inc., eBay’s former payments provider, until mid-year. So far, eBay has processed more than $2 billion for almost 25,000 sellers, officials said.
  • The Zelle peer-to-peer payments network processed 230 million transactions for $56 billion in the fourth quarter, up 14% and 17%, respectively, from the third quarter, according to bank-owned Early Warning Services LLC, Zelle’s operator. In all for 2019, Zelle processed $187 billion on 743 million payments, up 57% and 72%, respectively, from 2018. Some 766 financial institutions have agreed to link to Zelle. Of these, 378 institutions, representing almost 70% of all U.S. checking accounts, are now live.
  • Convenience-store operator Wawa Inc. said it has become aware of efforts to sell customer payment card data that may have been involved in a data breach Wawa announced in December. At an estimated 30 million-plus cards exposed, the breach is now estimated to be one of the biggest ever.
  • Subway IP LLC, operator of the Subway sandwich chain, has selected Adyen NV as its payments provider in North America.
  • Intellitix Technologies Inc., a payments provider for events managers, said it has acquired a majority stake in event-management platform CrowdBlink. Terms were not announced.
  • MoneyGram International Inc. said it has become the first payments firm to enable direct deposits to receivers’ bank accounts in Ukraine through a partnership with Industrialbank.
  • Payments provider Square Inc. has leased an office in downtown Portland, Ore., that can accommodate more than 200 employees.
  • Mercator Advisory Group released its “2019 U.S. QSR Kiosk Market: Self-Service Kiosks Gaining Popularity” report.

Check Also

European Banks Plan Payment Network and other Digital Transactions News briefs from 7/2/20

A group of 16 European banks said they plan to launch a “truly European” unified payments system …

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