Payments News

On The Web

nbsp;

Domains

Venmo Glitch Opens Window on War Between Banks, Fintech Firms

“Many PNC clients are having trouble connecting their bank accounts to their Venmo apps, cutting off their access to the popular mobile-payment system, owned by PayPal Holdings Inc. PYPL 1.78% When they have sought help, they have found the two companies blaming each other for the disruption. PNC Financial Services Group PNC 0.23% suggested in tweets that […]
nbsp; nbsp;

Domains

Startup Plies Niche Market in Foreign Trade Payments

“Indeed, as dividends in the business-to-consumer online sector begin to taper off, more e-commerce services are moving upstream into the burgeoning and more lucrative business-to-business sphere. A number of startups in the financial technology realm have been pioneers of this shift. In a contrast to fintech firms that specialize in risk assessment and control for […]

On The Wires

nbsp;

Domains

QuickBooks Launches Expanded Suite of Automated Payroll and HR Services

“Intuit Inc. (Nasdaq: INTU) today announced an expanded suite of QuickBooks Online Payroll offerings that enable small businesses to run payroll and file taxes automatically, all while receiving tax penalty protection and gaining access to essential services like on-demand HR, health benefits, and workers’ compensation.”
nbsp; nbsp;

Domains

MoneyGram Expands CVS Partnership

“The MoneyGram partnership with CVS lets consumers send and receive money in-store from thousands of locations. The convenient, time-saving MoneyGram kiosks are a popular self-service option that customers have come to instantly recognize for their onsite presence at CVS as well as their ability to help simplify and streamline transactions.”
nbsp;

Domains

Paystand and JCB Sign Initial Agreement to Build B2B Payment Solution for $10 Trillion Japanese Market

“Paystand , the fastest growing blockchain-enabled commercial payments platform, today announced it has entered into an initial agreement with JCB Co., Ltd. to provide the first end-to-end digital payment platform for Japanese enterprises and JCB customers. The proposed solution addresses an enormous gap in the current B2B payment market in Japan and gives the corporate […]
nbsp;

Domains

Amazon: Customers Shopped at Record Levels This Holiday Season

“Amazon today announced that this holiday season was record-breaking thanks to its customers all around the world – billions of items were ordered worldwide and tens of millions of Amazon Devices were purchased worldwide. Throughout the season, Amazon offered customers incredible deals every day and deeper discounts and more Deals of the Day than ever […]
nbsp;

Domains

MoneyGram Achieves Record Online Transaction Growth Over the Holidays

“MoneyGram (NASDAQ: MGI ) announced record-breaking online transaction growth during the holiday shopping season from its MoneyGram-branded online platforms. Between December 1 and December 25, MoneyGram-branded online platforms reported transaction growth of more than 70 percent on a year-over-year basis, with 80 percent of online transactions initiated on a mobile device. Outside of the US, online […]
nbsp;

Domains

Citi and PayPal Extend Partnership to Institutional Payments

“Citi clients will now have the added option of being able to pay directly into PayPal digital wallets via Citi’s WorldLink cross-border payments platform. As a result, clients will gain greater payment choice, flexibility, and speed when making global payments. PayPal customers will benefit by receiving associated funds fast, directly into their PayPal digital wallets.”