Tuesday , January 26, 2021

POS Credit To Grow 92% and other Digital Transactions News briefs from 9/22/20

  • 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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Debit Card Growth Outpaces Credit Cards and other Digital Transactions News briefs from 1/25/21

Growing numbers of consumers continue to grab their debit cards when shopping, with the overall …

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