Sunday , December 10, 2023

Tag Archives: Showcased

Amazon Drops Venmo Only a Year After Adding It As a Payment Method will stop accepting Venmo for payments effective Jan. 10, according to news reports and a page on Venmo’s Web site. “Due to recent changes, Venmo can no longer be added as a payment method. Venmo will remain available to users who currently have it enabled in their Amazon wallet …

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Adyen Enters the Acquirer Role for Tech-Centered Payments Provider Klarna

Financial technology platform provider Adyen NV late Monday announced it will become the acquiring bank for global payments platform Klarna AB next year for markets in North America, Europe, and Asia. The deal expands the companies’ more than decade-old partnership through which Adyen offers Klarna’s payment options to consumers, including …

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Apple May Be Looking to Replace Goldman, But Will Any Issuer Want the Apple Card?

Apple Inc. may be looking for a new bank to issue its Apple Card, but the big question is whether any potential candidate will want to take it on, some observers say. Apple is apparently taking the initiative in finding a replacement for Goldman Sachs Group, which has issued Apple’s …

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Acquirers Seek Answers from a Visa Surcharging Executive

More than 10 years after Visa Inc. wrote its rules permitting surcharging on its credit cards, questions remain among acquirers, especially those selling or considering surcharge programs for their merchants. Now, as more merchants mull surcharge or cash-discount programs to alleviate some of their card-acceptance costs, and with recent changes …

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SpotOn Retreats From Stadiums to Focus on the Restaurant POS Market

Count one less competitor in the market for advanced point-of-sale technology at stadiums. Shift4 Payments Inc. has agreed to buy SpotOn Transact Inc.’s sports and entertainment business for $100 million in a move that beefs up Shift4’s position in the burgeoning stadium market and marks a retreat by SpotOn from …

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Discover’s Management Stresses New Action on Merchant And Banking Issues

Discover Financial Inc.’s top brass early Thursday stressed that the company’s top priorities are regulatory compliance, customer experience, and long-term growth. The declaration, from temporary chief executive John Owen, was meant to reassure equity analysts and came in the wake of merchant-overcharge and banking-compliance issues that led up to the …

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