Payments News

On The Web

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Companies

Uber Pares Back Digital Wallet Ambitions, Head of Unit Quits

“Uber Technologies Inc. ’s financial services leader Peter Hazlehurst is calling it quits as the ride-hailing giant focuses on rides and food delivery, and ices plans to become a financial services company. In an email to staff on Thursday, Uber Chief Executive Officer Dara Khosrowshahi said that Uber will “deprioritize” several of its finance-related projects, […]
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Companies

Wirecard Auditors Face Legal Action After Collapse of Scandal-hit Payments Firm

“Wirecard’s auditors are being faced with legal action after the collapse of the scandal-hit German payments firm. The German shareholders’ association SdK said Friday that it had filed a criminal complaint against auditors at EY. SdK’s complaint targets two current employees and one former employees of Wirecard’s long-time auditor.   The accountancy last week refused […]
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Companies

Apple’s App Store Rules Scrutinized in U.S. Antitrust Probe

“About a year into a U.S. antitrust investigation of Apple Inc. , Justice Department lawyers are scrutinizing rules that require many app makers to use the company’s payment system, according to people familiar with the matter. Government lawyers have met with developers as recently as last week and are asking questions about Apple’s rules that […]

On The Wires

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Companies

New Research From PayPal Reveals How Americans Are Spending Credit Card Rewards In A COVID-19 World

“PayPal today released new research looking at purchasing behaviors of credit card rewards holders during the COVID-19 pandemic, revealing people around the country are turning to rewards balances to help them stretch their budgets (29%) and purchase the things they need most, such as groceries. However, with 39% of credit card rewards holders unaware of their rewards balances, […]
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Companies

Stripe Launches Products to Support Platforms Powering the Economic Recovery

“Now, platforms powered by Stripe have access to an enhanced toolkit to help their own customers adapt to a fast-changing economic environment. By giving customers more control over their subscriptions and more options to pay with international bank debits, platforms can use Stripe’s infrastructure both to improve their end-customers’ experience and increase their own bottom […]
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Companies

More Financial Freedom: SolarisBank and American Express Cooperate for Innovative Installment Product

“For the first time, members of a personal American Express Card in Germany will be able to use an installment option for card payments of EUR 300 or more. This is made possible thanks to a new cooperation with solarisBank. The technology company with a banking license has developed a new installment product “Splitpay”. This […]
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Companies

PayPal Rolls Out QR Code Touch-Free Payments in Canada

“As much of Canada enters and progresses through Stage 2 of reopening, PayPal today launched QR code payments in Canada for small businesses to accept touch-free mobile payments from their customers using the PayPal app. From local stores to hair salons and farmers markets, this new functionality in the PayPal app allows customers to buy or sell in-person, safely […]
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Companies

Wirecard North America Inc. Pursues Acquisition

“Wirecard North America Inc., a separate legal and business entity of Wirecard AG with over 20 years in the payments industry, today announced that it is seeking acquisition. An investment bank is coordinating the sale process. Wirecard North America is a self-sustaining entity that is substantially autonomous from Wirecard AG. Wirecard North America was formerly […]