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Search Results for: cryptocurrency

Visa Makes Another Investment in Lisnr and other Digital Transactions News briefs from 11/13/20

Visa Inc. has invested an undisclosed sum in Lisnr Inc., an 8-year-old startup whose technology enables mobile payments via sound waves. The fresh investment follows an initial funding Visa made in the company a year ago.Century Business Solutions said its EBizCharge payment service is certified for the Sage Intacct Marketplace to be …

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Cash App Delivers for Square in a Tough Year for Merchant Processing

In a year in which a fearsomely spreading virus has shut down many businesses and wrecked some, merchant-services provider Square Inc. has had to lean more heavily than ever on the other part of its business—the 7-year-old peer-to-peer payment service Cash App. And in the quarter ended Sept. 30, Cash …

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PayPal Enjoys a Robust Quarter As It Outlines a ‘Fundamental Overhaul’ of Its Apps

PayPal Holdings Inc.’s top executives late Monday laid out what chief executive Dan Schulman called “a fundamental overhaul” of the company’s PayPal and Venmo apps that will include a new cryptocurrency feature as well as bill payment and QR code capability on top of near-field communication technology and PayPal’s Pay …

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Global Payments Revenue Down 4% and other Digital Transactions News briefs from 10/29/20

Processor Global Payments Inc. reported adjusted net revenue of $1.746 billion for the third quarter, down 4% year-over-year on a combined basis. Global acquired processor TSYS Inc. last year.FIS Inc. reported total third-quarter revenue for its merchant-processing unit of $1.02 billion, up 44% year-over-year. The lift comes chiefly from the acquisition of the …

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PayPal Dips into Crypto and other Digital Transactions News briefs from 10/21/20

PayPal Holdings Inc. announced a service that allows account holders to buy, hold, and sell cryptocurrency directly from their account. The company also said it will make cryptocurrency available as a funding source for purchases at the 26 million merchants worldwide that accept PayPal.Payments provider FIS Inc. said it added pharmacy chain Walgreens …

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COMMENTARY: Super Apps Are Coming. Don’t Get Left Behind

China has historically pioneered the evolution of money. From the ancient use of cowry shells as commodity money, the standardization of bronze coins around 1000 B.C., leather-made promissory notes during the Han dynasty, or the introduction of paper currency around the seventh century, China has shown the way. It should then come …

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PCI Pal Links with Stripe and other Digital Transactions News briefs from 10/13/20

PCI Pal, whose services enable businesses to collect payments in accordance with the PCI Security Standards Council data-security rules, announced a link-up with payments provider Stripe Inc. to allow Stripe clients to more quickly deploy PCI Pal’s technology.Paya Inc. said UtilityBilling.com, a subscription billing and payment platform, integrated Paya’s processing service.PlusPass, …

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Columbia Sportswear Processing with Adyen Now and other Digital Transactions News briefs from 10/9/20

Adyen NV said it has become the primary payments provider for Columbia Sportswear Co., an apparel retailer.Fireblocks Inc. announced it will supply wallet and network-infrastructure products as its client Revolut Ltd. launches new cryptocurrency services for its 13 million global users.Fraud-prevention technology provider Feedzai Inc. reported a strong first half as fraud attempts rose …

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Fast-Growing Shopify Adds a Crypto-Fiat Hybrid Payment Gateway From Alchemy Pay

Shopify Inc., an e-commerce payments and marketplace platform that accounts for more U.S. e-commerce sales than any other company besides Amazon.com Inc., is adding a gateway that will allow consumers to pay for products from Shopify online stores using a choice of digital or fiat currencies. The so-called hybrid service …

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Mobile Wallet Debit Card Use Grows and other Digital Transactions News briefs from 9/28/20

Consumers appear to like using their mobile wallets for payments, with PSCU, a credit union service organization, reporting a 70.3% increase in the use of debit cards for the week ending Sept. 20 over the week ending Sept. 22, 2019. Credit card use in wallets was up 50.4%.Some 76% of small-business owners will …

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