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- Klarna AB said it is extending its Pay in 4 buy now, pay later service to subscriptions, the first time BNPL has been offered to this segment of the economy, according to the company.
- Payfare Inc., a specialist in instant payouts to gig workers, reported its user count rose 37% in the September quarter compared to the prior period. It did not release absolute figures. Revenue climbed 45% quarter-over-quarter to $12.7 million. The 6-year-old company completed its initial public offering in March.
- In related news, Payfare announced it will support instant access to earnings for DoorDash delivery drivers throughout the United States via DasherDirect, a digital-banking platform supported by Payfare.
- Fiserv Inc. launched Online Ordering with Delivery for its Clover line of point-of-sale products. The service includes an integration with DoorDash Drive, DoorDash’s white-label fulfillment platform.
- While some 96% of officials in the retail, restaurant, and hospitality industries express confidence in their internal risk-assessment routines, fully 31% of companies in these industries have sustained a data breach, according to a study from Cornell University and payments provider FreedomPay. Some 89% of these have been breached more than once. The research drew responses from 300 executives at small, medium, and large companies.
- The digital card-issuing platform Marqeta Inc. reported $27.6 billion in processing volume for the third quarter, up 60% year-over-year. Net revenue climbed 56% to $131.5 million, while the company’s net loss grew 272% to $45.7 million. The 11-year-old company went public in June.
- Kiosk maker Maya Labs announced its Interactive Video Teller for its Smart ATMs. The technology enables an ATM user to see a live person on the screen who can assist the user.
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