Payments News

On The Web

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Companies

Google Pay’s massive relaunch makes it an all-encompassing money app

November 18 2020

“Today, Google Pay for both Android and iOS is relaunching with a giant array of new features. It turns the app from something that most people think of as a tap-to-pay card repository or peer-to-peer payment system into a much more ambitious service. The new app begins rolling out across the United States today.”
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Companies

Jack Dorsey’s Square Invests $18 Million in Italy’s App Satispay

November 19 2020

“Square Inc. , the payments company run by Jack Dorsey, is among new big investors in Italy’s mobile digital payment platform Satispay SpA , in a move aimed to expand its operations across European markets, according to a statement by Satispay. The San Francisco-based company invested about 15 million euros ($18 million) for a minority […]

On The Wires

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Companies

Twilio increases its authorization rates by 10% with Stripe

November 18 2020

“Twilio ran an A/B test with multiple major global payment processors monitoring authorization rates across card networks like Visa, Mastercard, American Express, Discover, Diners Club, and JCB. The test was set up to randomize routing by examining numerous transaction attributes like card type, card brand, card country, transaction size, and transaction type. After weeks of […]
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Companies

Apple announces App Store Small Business Program

November 18 2020

“Apple today announced an industry-leading new developer program to accelerate innovation and help small businesses and independent developers propel their businesses forward with the next generation of groundbreaking apps on the App Store. The new App Store Small Business Program will benefit the vast majority of developers who sell digital goods and services on the […]
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Companies

Modulr receives investment from PayPal Ventures

November 18 2020

“Modulr, a leading Payments as a Service API platform, has secured a £9 million investment from PayPal Ventures to develop additional products, grow its team and expand its customer base.   Modulr enables digital businesses and software platforms across lending, banking, fintech, travel, employment services and accounting to easily embed and build new payment products and services within their customer […]
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Companies

Mastercard and Optus Bring Digital Identity to the Australian Telecommunications Industry

November 17 2020

“Mastercard and Optus today announced a strategic partnership to provide customers a simpler and more secure way to prove their identity online and in-store. In using ID , the Mastercard digital identity service, Optus will strengthen its identity verification and authentication process while retaining its best-in-class, digital-first customer experience.”