Payments News

On The Web

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Companies

PayPal debuts Funds Now, instant payouts for sellers on its platform

“PayPal, now with 19.5 million businesses and 250 million customers using its payment rails to sell and buy goods and services, is today taking the wraps off a new feature that it hopes will bring more transactions to its platform. The company is launching Funds Now, instant payouts to businesses using PayPal for their transactions.”
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Companies

Venmo Looks to New Leader to Overcome ‘Growing Pains’

“Venmo is best known as a money-transfer service that connects to users’ bank accounts and lets them send money digitally, along with a caption or an emoji that by default gets posted into a public newsfeed. It has become a hit with consumers—more than $14 billion in payment volume moved across Venmo in the second […]
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Companies

PayPal picks Temenos T24 core banking system

“The system will support several of PayPal’s businesses across multiple geographies, namely the US, UK, Germany and Australia.”PayPal has selected Temenos’ T24 core banking system, delivered in the cloud.”
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Companies

PayPal and American Express expand partnership, will allow use of points for PayPal purchases

“PayPal  this week announced an expanded relationship with American Express that will allow cardholders to use their Membership Rewards points when shopping from PayPal merchants, as well as more integrated experience within both PayPal and the Amex apps, among other things. The deal is similar to those PayPal earlier struck with Visa and MasterCard., and follows a series of partnerships […]
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On The Wires

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