Payments News

On The Web

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Companies

WSJ News Exclusive | Amazon Blocks Sellers From Using FedEx Ground for Prime Shipments

December 17 2019

“Amazon.com Inc. AMZN +0.67% is blocking its third-party sellers from using FedEx FDX -1.74% Corp.’s ground delivery network for Prime shipments, citing a decline in performance heading into the final stretch of the holiday shopping season. The ban on using FedEx’s Ground and Home services starts this week and will last “until the delivery performance of these […]
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Companies

Stripe Is Trying to Rewire the Internet’s Attention Economy

December 13 2019

“Forget unicorns—Stripe is the fintech world’s $35 billion gorilla. Nine years after it was founded, Stripe’s software has become the payment plumbing for e-commerce giants like Amazon, as well as tiny startups in more than 120 countries. The San Francisco-based company straightens out the byzantine payment and financial networks around the globe, giving developers and […]
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Companies

Savings banks introduce Apple Pay

December 12 2019

“One year after the launch of Apple Pay in Germany, 371 out of a total of 379 German savings banks have now introduced the digital payment service. Around 50 million customers can use the service with it. Commerzbank, Norisbank and LBBW were also added as further banks.”
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Companies

Square Raises Its Price for Instant and Same-Day Transfers to 1.5%

January 8 2020

“In its latest pricing change, Square Inc. disclosed Tuesday that it will raise the cost of instant and same-day transfers from its merchants’ Square balances to their bank accounts to 1.5% per transfer from the previous rate of 1%. The change, announced on Square’s blog, took effect Tuesday for new users of the transfer service […]
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Companies

McDonald’s Follows eBay in Mobile-Payments Tech

December 19 2019

“Adyen NV has clinched a deal to process McDonald’s Corp. ’s mobile app payments, beefing up the Dutch company’s portfolio of clients in an expanding sector.    McDonald’s will start using Adyen’s platform in the U.K. in the first quarter of 2020 and will spread internationally from there, Adyen said in a statement on Wednesday.”
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Companies

China’s Alipay Users Will Get Financial Advice for the First Time

December 19 2019

“Thanks to smart phone apps like Alipay and WeChat Pay, hundreds of millions of Chinese have quick and easy access to financial services. Those offerings are becoming increasingly sophisticated: For the first time, ordinary Chinese investors will also have access to watchdog-approved financial advice. The service will be available through a partnership between Ant Financial […]
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Companies

Prime Power: How Amazon Squeezes the Businesses Behind Its Store

December 19 2019

“Amazon has transformed the small miracle of each delivery into an expectation of modern life. No car, no shopping list — no planning — required. But to make it all work, Amazon runs a machine that squeezes ever more money out of the hundreds of thousands of companies, from tiny start-ups to giant brands, that […]

On The Wires

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Companies

Discover remains the most widely accepted card scheme worldwide

December 12 2019

“New research from RBR shows that Discover remained the most widely accepted card scheme worldwide at the end of 2018. RBR’s Global Payment Cards Data and Forecasts to 2024 shows that Discover cards can be used at 55.9 million merchant outlets, 79% of the global total. Discover benefits from reciprocal network-to-network agreements with UnionPay, JCB […]
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