POS Credit To Grow 92% and other Digital Transactions News briefs from 9/22/20
Digital Transactions News staff
September 22, 2020
Acquiring, Competitive Strategies, Debit Cards, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Pricing, Real-time Payments, Transaction Processing
- Online purchases using installment credit will total $680 billion globally in 2025, up 92% from $353 billion last year, projects Kaleido Intelligence.
- In related news, point-of-sale installment lender Laybuy launched a partner program to help smaller retailers offer the credit. More than 6,000 merchants offer Laybuy.
- MetaBank N.A., a unit of Meta Financial Group Inc., said it has expanded its faster-payments offering to include processors Finix and TabaPay. The program works through the Visa Direct and Mastercard Send credit-push networks.
- Juniper Payments, a provider of global payments technology for more than 3,500 U.S. banks and credit unions, announced it had enhanced its real-time wire platform with a more modern user interface and core integration of an application programming interface.
- Business-travel platform TravelBank has allied with U.S. Bank to integrate its expense-management system with the new U.S. Bank Instant Card for corporate clients.
- Money-transfer startup Paysend Group announced it is waiving fees for U.S. users in the month of October. The news comes shortly after the service’s launch in the U.S. market.
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