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PayPal: The Online Payments Friction Fighter That Became Friction
December 18, 2023

I have perfected the art of multitasking. Thanks to my mobile devices, the internet, apps and embedded payments, I can book airline tickets while waiting for a Zoom call to start, shop for holiday gifts while in the back of an Uber on the way...

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REPAY Partners With Green Dot to Enable Cash Bill Payments
December 14, 2023

REPAY has partnered with Green Dot to enable REPAY’s business clients to accept cash bill payments. With this collaboration, the customers of REPAY’s clients will be able to pay bills with cash in person at more than 45,000 retail locations that are members of the...

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Changing Consumer Expectations Force Executives to Confront ‘Fear’ of Digital Transformation 
December 14, 2023

Ed O’Donnell, CEO of Versatile Credit, said the benefits of digital transformation are well known. “Everyone, especially in this part of the business cycle,” he told Webster, “is looking to make sure that their capital is being deployed in an efficient manner.”   That means taking...

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Upgrade Offers Secured Card With Rewards and Fraud Protection
December 13, 2023

FinTech company Upgrade has launched a secured version of its Upgrade OneCard. The new Secured OneCard is designed for consumers who have little or no credit history, the company said in a Wednesday (Dec. 13) press release emailed to PYMNTS. “We believe Secured OneCard is...

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ConnexPay Adds Canadian Dollars to Virtual Card Offering
December 12, 2023

Payments platform ConnexPay has added acquiring in Canadian dollars to its virtual card issuing offering. The expansion lets ConnexPay customers process payments in Canadian dollars (CAD), according to a Tuesday (Dec. 12) press release, and opens ConnexPay’s services to a “vast market” of 38.25 million people and...

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HitPay Unveils Mass Payouts for Businesses in Southeast Asia
December 11, 2023

Commerce infrastructure provider HitPay has debuted mass payouts in three new countries. Business customers in Singapore — where HitPay is based — Malaysia and the Philippines can now “seamlessly pay workers, contractors, partners, and suppliers via HitPay,” the company said on its blog Monday (Dec. 11). In addition,...

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Venmo’s Growth Was Steady in the Quarters Leading to Amazon’s Decision to Pull the Plug
December 08, 2023

The news that Amazon will stop taking Venmo payments prompts much speculation as to the why behind it all, roughly 14 months since the 90 million active Venmo customers in the U.S. began to be able to use the option on Amazon (though they can...

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J.P. Morgan Payments Processes Record Number of Transactions in Europe
December 08, 2023

J.P. Morgan Payments processed a record number of card-not-present transactions in Europe on both Black Friday (Nov. 24) and Cyber Monday (Nov. 27). The firm processed 18.2 million transactions on Black Friday and 19.6 million on Cyber Monday, Ludovic Houri, co-head of EMEA Payments &...

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Citcon and Alipay Partner to Offer International e-Wallet Payments
December 07, 2023

Payment service provider Citcon has launched a partnership with cross-border mobile payment platform Alipay+. The collaboration, announced in a news release Thursday (Dec. 7), is designed to allow for international e-wallet payments for U.S. retail merchants. As part of the partnership, duty-free retail group International Shoppes, will be among the...