Payments News

On The Web

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Global

Brazil payments processor Cielo struggles against upstarts

“Brazilian payment processor Cielo SA’s once fat margins have been decimated by rivals who lease or sell credit card terminals to merchants for a fraction of what the market leader has long charged. Now Cielo is fighting back, offering services such as inventory management and market intelligence tools to justify its premium pricing and retain its […]
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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.”
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On The Wires

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Providers

Gap Inc. Selects Adyen As Payments Partner

“Adyen’s payment technology will be rolled out in over 150 stores across four countries – UK, France, Italy and Ireland – and will enable Gap Inc. to provide a consistent experience across different markets. The online business for both Gap and Banana Republic will also use the payments platform, offering a unified experience across online and in-store.”
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Companies

First Data to Support Royal Bank of Scotland to Deliver Merchant Services to U.K. Businesses

“First Data (NYSE: FDC), a global leader in commerce enabling technology, announced today it has signed an agreement with Royal Bank of Scotland Group (RBSG) to provide merchant services to business customers throughout the U.K. This aligns with RBSG’s commitment to provide the very best service to its customers and will be supported by First […]
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Providers

Galileo and Robinhood Partner on Robinhood Checking & Savings

“Galileo, a leading and trusted technology partner for fintech and payments, today announced that its technology and know-how is helping to power Robinhood Checking & Savings, unveiled this morning in a blog post from Robinhood. Galileo’s highly customizable payments infrastructure has been integrated into Robinhood Checking & Savings, which earns three percent annual interest, has no fees, […]
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Providers

TSYS’ Genius Now Supports EBT SNAP Payments in New Vertical

“TSYS (NYSE: TSS) announced today that their Genius platform now supports EBT SNAP (Electronic Benefits Transfer; Supplemental Nutrition Assistance Program) payments. The Genius platform can now integrate with a new set of POS providers, positioning it to serve a broader range of businesses across the United States – especially convenience stores and specialty grocery retailers.”
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Providers

Bank of America Merchant Services and talech Team Up to Meet the Unique Needs of Full-Service Restaurants and Bars

“Bank of America Merchant Services, a leader in payments, eCommerce and security solutions, and talech, a pioneer in cloud-based restaurant management software, are teaming up to help full-service restaurant and bar owners with one or more locations run their businesses more efficiently through a new, innovative point-of-sale solution.”