Payments News

On The Web

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Companies

How Payment Processor Stripe Became Silicon Valley’s Hottest Startup

“The pandemic threatened to clobber Stripe Inc. Instead, it turbocharged the company. Stripe processes payments for e-commerce companies, keeping a tiny cut of each purchase as a fee for its services. When stay-at-home orders early in the pandemic caused spending to plunge and refund requests to skyrocket, the outlook wasn’t great…Stripe’s revenue last year rose […]
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Companies

CEO Says PayPal’s Crypto Commerce May Reach $200M Volume in Just Months

“As the price of Bitcoin continues to reach new all-time highs , major corporations with existing crypto offerings in place are beginning to discuss grand plans for the future.  Most recently, Dan Schulman, CEO of PayPal, hinted at future developments for PayPal’s crypto offering during Forbes’ “ 2021 Blockchain 50 Symposium: Crypto Goes Corporate ,” […]
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Companies

Patent Shows How Apple Pay Could Automatically Select a Card Based on the User’s Location

“Apple Pay users could be able to make contactless payments and other transactions with merchants or transit providers without having to manually select the correct payment, rewards or transit card or other digital credential from within their mobile wallet. Technology that would enable Apple Pay to automatically choose the stored card or credential most appropriate […]

On The Wires

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Companies

Acima Unveils Industry’s First Lease-to-Own Anywhere Virtual Payments Card

“Acima, a $1.3 billion virtual lease-to-own FinTech company owned by Rent-A-Center, today unveiled the lease-to-own (LTO) industry’s first LTO payments card. The new Acima LeasePay™ card, which is powered exclusively by the Mastercard network, will unlock a new level of shopping power for cash and credit constrained customers to lease eligible goods that improve their […]
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Companies

Square Extends Lending Arm to Australian Businesses

“Square has announced it will be rolling out Square Loans in Australia, a program that helps small businesses grow by giving them quick and simple access to funds. Australia will be the first global market, outside of the US, where the payments company will launch its lending product…By using historical transaction data, Square Loans has […]
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Companies

Nacha Announces Accelitas As a Preferred Partner for ACH Account Validation | Nacha

“Accelitas is now a Nacha Preferred Partner for ACH Account Validation. As a Preferred Partner, Accelitas is a part of a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network…Accelitas helps companies reimagine financial access through the transformative power of data. […]
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Companies

Gap Inc. Signs Credit Card Program Agreements With Barclays and Mastercard

“Gap Inc. (NYSE: GPS), a collection of purpose-led, lifestyle brands including Old Navy, Gap, Banana Republic and Athleta, and the largest specialty apparel company in the U.S., announced today that it has entered into new, long-term credit card program agreements with Barclays and Mastercard. Barclays will become the exclusive issuer of Gap Inc.’s co-branded and […]
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Companies

Splitit Partners With UnionPay, the World’s Largest Card Network of 9 Billion Cardholders

“Splitit, a global payment technology company (ASX:SPT), announces a new global partnership with UnionPay International, part of China UnionPay, the provider of bank card services and a major card scheme in mainland China. UnionPay International will be integrating Splitit to make it available to its network. This will give UnionPay card holders and those accepting […]
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Companies

Partnership With ConsenSys Supports the Future of Multi Blockchain Commerce

“Mastercard and ConsenSys have announced a partnership to power the future of commerce. ConsenSys, a software engineering firm in the blockchain space, provides tools and services to support the Ethereum ecosystem and helps developers build next-generation networks to enable companies to launch more powerful financial infrastructures and technology. ConsenSys Quorum is an open-source protocol layer […]