Payments News

On The Web

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Buy Now, Pay Later Schemes To Double Their Market Share By 2023

“A decline in the use of cash on delivery, pre-paid cards and PostPay services will also be perceived, but the influx and availability of Buy Now, Pay Later services will meet the requirements of consumers who need immediate payment options…The report also predicts that these services will earn nearly 3 percent of global ecommerce spend […]
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Tesco Opens Cashless Store in Central London

“Tesco has joined the growing cash-free revolution in the UK after opening its first cashless store in central London. The outlet offers shoppers a range of electronic payment methods via self-service tills but does not accept notes or coins. The store, which Tesco says is planned to be a permanent outlet, is aimed at shoppers […]
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Grubhub Now Delivering Subscription Service

“Grubhub is jumping on the subscription model bandwagon with its launch of Grubhub+, a membership program offering members unlimited free delivery for $9.99. Members also receive 10% cashback and donation matching to organizations like No Kid Hungry, according to a company press release.”
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Reddit Has Become the Gospel of Personal Finance

“If you look beyond the memes, cat videos, and quirky acronyms (TIL, OP, ELI5) you’ll find a treasure trove of resources that will help you quickly get acquainted with the topics that have long eluded you. For me, even though I worked on Wall Street for nearly 15 years, Reddit is the first place I […]
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MTA Extends Omny Payments to Manhattan Buses

“Omny contactless card payment availability is being expanded to all local buses in Manhattan this month, New York’s Metropolitan Transportation Authority (MTA) has announced. “The expansion to Manhattan local buses represents a dramatic increase in points where it’s possible to use Omny to make free transfers between subways and buses, which is made fast and […]

On The Wires

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FIS Extends Partnership With PayPal to Enable U.S. Cardholders to Redeem Loyalty Points for Purchases

“FIS ™ (NYSE: FIS) and PayPal (NASDAQ: PYPL) are extending their partnership to enable millions of cardholders of U.S. financial institutions to participate in PayPal’s Pay with Rewards. Beginning in Q3 2020, cardholders of thousands of financial institutions participating in FIS’ Premium Payback loyalty network will be able to use their eligible card loyalty points […]
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I2c and SmartHealth PayCard Deliver First of Its Kind Credit Card to Help U.S. Consumers Better Manage Healthcare Costs

“i2c Inc. , a leading provider of payment and open banking technology, today announced its partnership with SmartHealth PayCard , a leading FinTech pioneer committed to changing the culture of healthcare payments. Enabled with the agile processing of i2c, SmartHealth PayCard provides the first credit card dedicated solely to healthcare, making it easier for consumers […]
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Companies

Klarna Acquires the Italian `Buy Now, Pay Later’ Startup Moneymour

“Klarna, one of the world’s leading smooth shopping and payment providers, today announced an agreement to acquire Moneymour, an Italian payment company, from the founders and minority investors. Through the acquisition Klarna gains access to intellectual property to further improve underwriting capabilities, and additional expertise and competence, as the full Moneymour team will join Klarna. […]