Payments News

On The Web

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Companies

Square Sells Food Delivery App to DoorDash as It Chases Profit

“Square Inc. is selling its Caviar food-delivery app to DoorDash Inc. for $410 million, as the money-losing payments company searches for profits.    The sale was disclosed as part of Square’s quarterly financial report Thursday, which failed to impress investors. The stock fell as much as 9% in extended trading.   For Square, the sale […]
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Companies

GCash, Starbucks Introduce New Mobile Payment Option

“Getting a cup of our favorite Starbucks handcrafted beverage is now easier with GCash, the leading mobile wallet in the Philippines. As of September 2018, Starbucks had 373 licensed stores nationwide. It opened its first branch in the Philippines in 1997 at the 6750 Ayala Building in Makati City, making the Philippines the third overseas […]
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Systems

Jerome Powell: Fed ‘Seriously Considering’ Faster Payments System

“Federal Reserve Chairman Jerome Powell has informed lawmakers that the central bank is “seriously considering” moving forward with the development of a faster payments system that would compete with a network built by the nation’s largest financial institutions. In a letter to senators that was obtained by POLITICO, Powell gave his most forceful defense yet […]

On The Wires

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Companies

American Express Expands Suite of Global Business Payment Capabilities Through Acquisition of Acompaytm

“American Express  today announced it signed an agreement to acquire acompaytm, a best-in-class, digital payment automation platform from ACOM Solutions, Inc. , that helps business customers make supplier payments easily and securely, manage business spend, and improve cash flow.“acompaytm will be the newest addition to a series of B2B payment collaborations, strengthening our accounts payable automation […]
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Companies

Wirecard and Sisal Group – Through SisalPay – Enter Strategic Cooperation to Drive Digital Payments in Italy

“Wirecard, the global innovation leader for digital financial technology, and Sisal Group, through its brand SisalPay, have signed an agreement to partner in the field of digital payments. With more than 200 million transactions per year, 40,000 points of sale and 15 million customers, SisalPay already offers one of the most successful payment services in Italy and […]
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Companies

Klarna and TOMS Pair Up for Payments

“TOMS has partnered with Klarna, the leading global alternative payments provider, to give shoppers in the U.S. two new options at the online checkout to pay later in either four equal installments or in 30 days – with no interest or fees. TOMS engages customers by integrating them into their giving strategy, and flexible payment […]
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Deals

Zelis and RedCard to Combine in Landmark Healthcare Technology and Payments Transaction

“Zelis Healthcare  and RedCard Systems today announced a definitive agreement to merge their respective organizations, forming the next generation leader in healthcare payments optimization. The combination of Zelis and RedCard will create the healthcare industry’s first payments optimization platform with market-leading technology and solutions to price claims, pay claims and explain claims, all at enterprise […]