Payments News

On The Web

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Companies

Square Reports Advances With Larger Merchants And Double-Digit Growth in Key Metrics

“In this regard, the company’s new Square Register point-of-sale hardware, which it introduced last year, is proving key to penetrating a base of larger merchants. This market is important to Square because it tends to generate more revenue than Square’s traditional base of small sellers. More than half of larger sellers use multiple Square products, […]
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Providers

With Fast-Growing Fintechs Taking a Toll, Banks Will Soon Claim Less Than 50% of Payments Revenue

“In 2017, U.S. banks’ total payments revenue netted out to $163 billion, with nonbanks claiming revenue of $136 billion, according to the research released recently by Accenture Payments. That already meant nonbanks ranging from the likes of Apple Pay, PayPal, and Square to less well-known players claimed a 45% share of revenue last year.”
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Providers

As even small merchants sell globally, payments industry faces bigger demands

“Within the past decade or so, a growing number of payments platforms has targeted international e-commerce transactions, and with good reason. Research firm Forrester predicts that cross-border e-commerce will outpace domestic growth, with a compound annual growth rate of 17 percent between 2017 and 2022, compared with 12 percent for overall B2C ecommerce.”

On The Wires

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Providers

ETA Announces Updated Payment Facilitator Guidelines

“The Electronic Transactions Association (ETA), the global trade association representing the payments technology industry, today released the second version of the ETA Payment Facilitator Guidelines to reflect the latest industry rule changes. The Guidelines were developed as a tool to assist in the risk management of the payments industry and to provide guidance to payment facilitators to maintain their […]