Tuesday , April 30, 2024

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Shift4 Spells Out Big Ambitions for Bigger Merchants And International Expansion

Shift4 Payments Inc. has long made no secret of its plans to expand the average size of the merchants it serves, but early on Thursday its chief executive made the company’s overarching strategy crystal clear following recent signings of such international clients as Time Inc. and SpaceX’s Starlink satellite business, …

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Amazon Prime Day Results And Other Digital Transactions News briefs from 7/15/22

Amazon.com Inc.’s two-day Prime Day event this week racked up more than $12.09 billion in sales, up 8% from last year’s event, according to an estimate from Digital Commerce 360.Privately held payments provider Stripe Inc. reduced the internal value of its shares by 28% to about $29 per share, resulting in a valuation for the …

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Adyen Brings Tap-to-Pay on iPhone to U.S. Merchants

Apple Inc.’s long awaited tap-to-pay on iPhone technology is now live with Adyen NV merchants Vince, Burton, G-Star, and Scotch & Soda. The technology enables merchants to accept face-to-face payments using iPhones without special point-of-sale acceptance hardware. Consumers can use almost any near-field communication-enabled device, such as another iPhone, Apple …

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Square, Apple, And ‘SoftPOS’

Square intrigued the payments industry a decade ago when it emerged to provide small sellers with a simple dongle they could attach to a mobile phone to accept card payments. Now Square says it’s moving to the next step. The company announced in June that later this year it will …

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Kasheesh Launches an App That Lets Users Split Purchases Among Their Existing Cards

While buy now, pay later financing has been a big hit with consumers, especially those who use the loans to increase their buying power or as a budgeting tool, they have come under criticism for increasing debt loads for consumers with shaky finances. That has given rise to the idea …

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Regulation May Loom, But For Now BNPL Is Enjoying a Growth Blowout

It may have attracted the attention of federal regulators, but the buy now, pay later trend is poised for further strong growth driven by easier-to-use apps, the entry of major new players like Apple Inc., and expansion into new retail markets, according to a report issued early Wednesday. U.S. purchase …

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How Square’s Embrace of Apple Could Help Propel a Trend Toward ‘SoftPOS’

Square intrigued the payments industry a decade ago when it emerged to provide small sellers with a simple dongle they could attach to a mobile phone to accept card payments. Now Square says it’s moving to the next step. The company announced Thursday that later this year it will adopt …

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PayPal Is a Legacy Solution. That’s a Problem

For all its resources, the payments company faces a growth problem it may not be able to solve on its own. This is a story about PayPal, one of the most trusted brands in e-commerce. It’s been one of the most trusted brands in e-commerce for decades. Today, it’s fastest-growing demographic …

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Open Banking’s Unstoppable Momentum

Consumers may not know what open banking is, but they sure like what it does. And the technology hasn’t even hit its stride yet. From real-time account verification and money movement to apps that provide lenders and landlords an up-to-the-minute overview of an applicant’s credit history, open-banking technology is the …

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Wirex Lists a New Stablecoin and other Digital Transactions News briefs from 5/31/22

Cryptocurrency-based payments platform Wirex listed a new stablecoin, NXUSD, on its platform and added support for it to its digital wallet.In related news, Asia-based crypto-investment platform Bit.Store said it is extending a partnership with crypto-based payments provider Alchemy Pay to add mobile wallets and domestic instant-transfer capabilities to Bit.Store alongside existing credit card and …

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Digital Transactions