Good Monday morning. Here’s what’s trending in the global payments news and what you need to know as the week gets underway. AmEx debuts debit card in war for small-business customersAmerican Express Co. unveiled its first-ever debit card as competition for small-business customers heats up. The ...
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Banking
Banking
As we approach the end of the dog days of summer, we’ve got a roundup highlighting the latest global payments news. We start with a look at the big dogs Amazon and Affirm tying up in a blockbuster buy now pay later deal. Korea penalizes ...
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By Jeff Domansky Four days ago, global payment processor TSYS platform went offline, and merchants and ISOs are still waiting for an explanation. Neither the TSYS website nor the owner Global Payments have acknowledged the outage. In addition, neither company has yet issued a statement ...
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By Jeff Domansky Interac Corp and 13 leading Canadian financial institution members launched Interac e-Transfer for Business, providing real-time digital payments to personal and commercial bank accounts with confirmation of funds received within seconds. Recent research by Interac showed 83% of business leaders want new commercial ...
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After wrestling with alligators and hosting issues, we’re back with the latest payments news from around the world. Lots going on, so check it out. Visa acquires Currencycloud, which makes APIs for remittances and currency transfers, in a $963M dealA year and a half after Currencycloud raised $80 ...
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By Jeff Domansky With more than 2.8 billion mobile wallets in use worldwide at the end of 2020 and the impact of the pandemic, you’d think US consumers would be quicker to adopt mobile wallets than developing countries. You’d be wrong. New research from Boku ...
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Out of this world! That pretty much sums up this week’s global payments news, and it’s only Friday. Branson and Bezos may be trying to be the first to circle the globe, but we’re here first with the news you need to know, so buckle ...
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By Jeff Domansky Understandably, PayPal’s new payment pricing strategy attracted a lot of attention. After all, the company is one of the biggest in the payment industry, with $21.4 billion in revenue in 2020 and $936 billion (+31.5%) in transactions processed. Its biggest payment processing ...
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By Jeff Domansky, June 7, 2021 The big news of the day is that Jeff Bezos plans to go into space with his brother next month. Fitting as we approach the 52nd anniversary of Neil Armstrong’s July 20, 1969 walk on the moon. Meanwhile, back ...
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By Jeff Domansky, June 2, 2021 Two things jump out on first reading of Contrast Security’s 2021 State of Application Security in Financial Services Report. First, the financial services industry leaders surveyed are big organizations. Nearly two-thirds (66%) had more than 2,000 software developers and ...
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