Payments News

On The Web

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Domains

Why Is Citigroup Launching a B2C Payments Platform?

“Citi’s new service will offer merchants a range of consumer payment options to collect money, including from credit cards and e-wallets, the company said. This will expand its product portfolios within its mainstay business-to-business (B2B) payment offerings.”
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Domains

4 New Ways to Pay for Canadian Merchants

“To capitalize on the opportunity, successful retailers minimize friction during the mobile purchasing process, especially at checkout. Checkout is the moment when consumers part with their money but have not yet seen, touched, or received their product — any friction can give the consumer an opportunity to reconsider their purchase and abandon their cart. In […]
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Domains

Instagram Checkout Tests Power of Social Media for Mobile Commerce

“Now, with Instagram Checkout, which went live March 19, Instagram is definitely in the faces of consumers by melding discovery and purchase. To use Checkout, an Instagram member stores a credit card or PayPal data and a shipping address within Checkout. The app also lets shoppers initiate returns, cancel orders and get shopping support, according […]
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Domains

DBS Launches Mobile Payments Service for SMEs

“To use DBS MAX, customers scan the merchant’s FPS QR code and pay in real-time via their own mobile banking apps.DBS says the system not only makes payment reconciliation easier, it also eliminates the need for physical payment terminals an reduces the costs and risks associated with handling cash.The app has been trailed at 10 […]
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Domains

Vietnam Tops Global Growth for Mobile Payments

“Vietnam has recorded the highest growth in mobile payments in the past year, according to research by PwC. Singapore also saw strong growth, climbing 12 percentage points from 34% in 2018 to 46% in 2019. PwC says this highlights how efforts by mobile payments companies and its government – which began paving the way for […]
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Domains

Instagram Shopping Checkout: Simple, Convenient and Secure Shopping

“Checkout enhances the shopping experience by making the purchase simple, convenient and secure. People no longer have to navigate to the browser when they want to buy. And with their protected payment information in one place, they can shop their favorite brands without needing to log in and enter their information multiple times.”

On The Wires

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Domains

Mastercard Commercial Cardholders Get Even Greater Transparency Into Amazon Business Purchases

“azon Business purchases, helps businesses better track expenses, expedite financial reconciliation and streamline the filing and auditing of expense reports. This product is currently available in Germany, the United Kingdom, and the United States for Mastercard commercial cards issued by Bank of America Merrill Lynch, Barclays Bank PLC, Citi, J.P. Morgan, Lloyds Bank, NatWest and […]
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Domains

Product Return Specialist Returnly Raises $19M Series B From David Sacks’ Craft Ventures and Max Levchin

“Returnly , the post-purchase payments company that gives brands and retailers a competitive advantage, today announced that it raised a $19 million Series B investment. The round was led by Craft Ventures , the venture capital fund co-founded by serial entrepreneur David Sacks, with participation from Max Levchin’s Affirm, and existing investors. The company will […]