Payments News
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Companies

Amazon’s New Multistory Warehouse Aims to Cut Delivery Times

“Amazon.com Inc. has agreed to take space in a first-of-its-kind three-story warehouse, a new type of distribution center that could reduce delivery times in congested cities to hours rather than days. While common in densely-populated Asian and European cities, modern warehouses with multiple floors have been absent until recently in the U.S., where higher land and […]

On The Web

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Companies

Paytm’s Annual Loss Doubles to $549M

“Running a payments business in India is not cheap. Just ask Paytm . One of India’s largest payment companies reported a net loss of Rs 3959 crore ($549 million) for the financial year that ended in March, up 165% over Rs 1490 crore ($206 million) in the same period last year. Undeterred from losses, Paytm […]
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Companies

Mastercard Still Sees Growth Opportunities in the U.S. Payment Market

“Many payment executives regard the United States as a mature market compared with high-growth countries in Asia and Latin America, but it still has plenty of untapped opportunities, according to Mastercard Inc. executives. Its home country remains Mastercard’s largest market. As of 2018, the U.S. accounted for 33% of Mastercard’s revenues—down from 39% in 2012—and […]
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Companies

Shopify Overtakes EBay As Second Biggest Shopping Site After Amazon

“Canadian startup Shopify is taking the e-commerce scene by storm. The company has quickly become the most popular online shopping destination, second only to Amazon , thanks to an astronomical increase of its shares in the past year. So far this year, stock has soared 160% with revenue coming in at $362 million during its […]
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Companies

Walmart Launches Two New Credit Cards Offering 5% Back on Digital Purchases

“Walmart is partnering with Capital One to launch a new credit card program, which rolls on September 24, and includes both co-branded and private-label cards. The former, the Capital One Walmart Mastercard, includes 5% back on purchases made on Walmart.com or paid for in-store using Walmart Pay (the latter for the first 12 months.) The […]
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On The Wires

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Companies

TD Gives Cardholders Control and Confidence With First-in-Canada Security Feature for Credit Cards

“In addition to the new international block capability, TD consumer credit cardholders can also take advantage of the card lock feature, allowing them to temporarily block access to their account, eliminating the stress customers may feel when they can’t immediately locate their credit card. When the card is locked, cardholders cannot make new purchases or […]
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Companies

Capital One and Walmart Reimagine the Retail Credit Card Program

“Capital One and Walmart are introducing the Capital One Walmart Rewards Credit Card Program, which launches with two new credit cards that reward customers for shopping at Walmart and on purchases they make everywhere the card is accepted. The program’s signature co-branded card, the Capital One Walmart Rewards Mastercard, and the private-label card exclusively for Walmart […]