PayPal sets the pace for the payments industry in 2018
Payments Dive
JANUARY 2, 2018
For a company once known as a threat to the card networks and banks, PayPal is now an ally as it pushes forward with digital payments.
Today In Payments Around The World: PayPal, Mastercard Expand Debit Card Offering In Europe; ECB President Advocates For Digital Euro
PYMNTS
SEPTEMBER 23, 2020
In today’s top payments news around the world, PayPal and Mastercard are adding more European Union (EU) countries to a debit card offering, while European Central Bank (ECB) President Christine Lagarde has called for a digital euro. PayPal, Mastercard Add 5 EU Countries To Debit Card Offering.
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PayPal And Visa Launch Instant Transfer SMB Tool In Canada
PYMNTS
JULY 2, 2019
But a new offering from PayPal and Visa could help ease those frustrations and hassles. The two payments firms announced on Tuesday (July 2) the launch of PayPal’s Instant Transfer in Canada for SMBs and individual consumers. The offering is likely to appeal to SMBs more than the average consumer, he said. Australia, Italy and Spain.
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Ingo Money Launches New Service To Support Push-to-Card Payments
PYMNTS
DECEMBER 13, 2018
13) the rollout of Ingo Money QuickConnect, which is a service that lets any company issuing money to customers to offer push-to-card payments via Visa Direct. ” Ingo Money pointed to an Aite Group study that found customers want to get paid instantly, with 80 percent favoring direct-to-card payments. . ” .
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Strong Venmo and QR Code Payments Growth Help PayPal Score Record Q2 Earnings
PYMNTS
JULY 29, 2020
In an earnings season defined by diminished expectations amid the worldwide economic shutdown, PayPal not only beat analysts’ expectations Wednesday (July 29) but enjoyed a record quarter. Our record performance in the second quarter — our strongest quarter ever — reaffirms the relevance of PayPal in the unfolding digital future.
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Why JPMorgan Wants A Piece Of The SMB POS Market
PYMNTS
OCTOBER 21, 2020
For SMBs, what’s in the cards … are more card readers. Morgan is bringing payments to the point of sale (POS), with an eye on making inroads into a landscape dominated by firms such as PayPal and Square. Chase has also said that its new SMB offering will enable firms to take card payments within minutes. “We
Data Dive, Pushing Forward, Pushing Back: Visa, Apple And PayPal
PYMNTS
DECEMBER 16, 2019
With only 15 days left until the end of the year, the year-end push has officially begun. Visa, and more specifically Visa Direct, made two great pushes for outward expansion, while Apple is working to push both its new card and its new line of phones, possibly in reaction to its China slowdown. That’s OK, we didn’t ….
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Gift Cards Poised For Big Role In Post-Pandemic Purchasing
PYMNTS
DECEMBER 11, 2020
Mao, whose company provides solutions for payments, prepaid cards and gift cards, said the only way for merchants to go is forward, because going back isn’t an option. Mao, whose company provides solutions for payments, prepaid cards and gift cards, said the only way for merchants to go is forward, because going back isn’t an option.
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Serving Mobile P2P Payments To The Gen X Crowd
PYMNTS
SEPTEMBER 24, 2019
Legacy banks are similarly at work, with one major FI seeking to beat out FinTech competition by offering same-day access to credit card deposits. Legacy banks are similarly at work, with one major FI seeking to beat out FinTech competition by offering same-day access to credit card deposits. Around the Faster Payments World.
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Venmo’s New Boss On Its Next Chapter
PYMNTS
JULY 28, 2020
That ancient proverb, one oft-repeated by mothers and fathers to their daughters and sons over generations, also applies to PayPal’s Darrell Esch’s path to his new role as general manager of Venmo. “Be careful what you wish for – you just might get it.”. With the pandemic, that kind of stuff came to a screeching halt.
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104 PayPal Challenges Paytm For India Market
PYMNTS
NOVEMBER 9, 2017
PayPal announced that it has launched domestic operations in India, which means it will be taking on China’s Alibaba-backed Paytm , the country’s leading digital payments firm. According to a Reuters news report, the government of India’s push for cashless transactions is leading more people to use e-wallets and card payments.
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Ingo CEO On 2018’s Push Payments ‘Great Awakening’ (And What’s Next)
PYMNTS
DECEMBER 19, 2018
With the launch of Ingo Money QuickConnect last week , the company capped off a year that CEO Drew Edwards told Karen Webster could best be characterized as the “Great Awakening” of push payments. We’ve finally moved beyond ‘so what is a push payment?’ That one bite is via a card that almost everyone has in their wallets today.
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Hyperwallet CEO: PayPal Acquisition Will Help Hyperwallet ?Pay The Planet?
PYMNTS
JUNE 25, 2018
From music royalties to airline vouchers, there are many reasons organizations may need to push payments to individuals in various amounts, currencies, forms and frequencies, including real time. With PayPal, it can also address more traditional models and how to digitize them for the modern payments era. Why PayPal?
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PayPal, BigCommerce and AdoreMe On Adapting To The Unknowns In A Digital-First Economy
PYMNTS
NOVEMBER 12, 2020
What it points to, PayPal’s Lisiewski noted, is a digital shift well underway and gaining speed. In a world where physical commerce went on hold eight months ago — and where there are still scores of known unknowns about what comes next — the brands that survive are the ones ready to pivot along with the environment.
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Ingo Money And MoneyGram Deliver Instant P2P Payments
PYMNTS
OCTOBER 18, 2016
Ingo Money, a player in real-time push payments technology, and MoneyGram, a global provider of money transfer and payment services, announced Monday (Oct. “Our alliance with Ingo Money will enable us to deliver a whole new level of convenience, speed and choice for paying credit card bills.” retail locations. ” .
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The Clearing House On The Race for Real-Time Payments In The US
PYMNTS
AUGUST 10, 2020
These efforts include TCH’s efforts to connect financial institutions’ (FIs’) core banking systems to the company’s Real-Time Payments (RTP) network, along with what card networks and FinTechs are doing to enable real-time push payments to receiver bank accounts. Real time is getting ever closer to prime time.
Musk’s X makes progress in payments as he continues his beef with advertisers
Tearsheet
JANUARY 9, 2024
X ended 2023 with the addition of a Money Transmitter License in Pennsylvania, pushing the total number of states where the company can engage in moving money to 13. For reference, PayPal currently has 400 million active users. We are rapidly transforming the company from what it was, Twitter 1.0,
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PayPal Expands SMB Loan Offering To Canada
PYMNTS
OCTOBER 22, 2019
PayPal is expanding its small business lending operations into Canada. 21), the company announced PayPal Business Loan’s Canadian launch, connecting small businesses in the market to loans between $5,000 and $100,000. In a press release issued on Monday (Oct. In the U.S., Canadian SMBs can access one-day shipping to U.S.
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Taking Flight With Hands In: Is the Sky the Limit for Split Payments?
The Fintech Times
DECEMBER 19, 2024
We sit down with Samuel Flynn , co-founder and CEO at Hands In , a split payments platform enabling users to split payments across multiple cards and people, to explore how the company has fared in the last 18 months and its plans for the future. At FinTech Connect , we sat down to chat about Hands In with Flynn.
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High-Risk Business with Stripe, PayPal, Square, Venmo
Payment Savvy
MAY 17, 2023
Certain activities, or the industry you work in, may cause payment processors to characterize your merchant account as high risk. It isn’t uncommon for some businesses to process online payments and get higher-than-average returns, but your reputation and industry play an important role. What Is a High-Risk Merchant Account?
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2019: The Year Of Instant Payments
PYMNTS
JANUARY 1, 2019
The need is widespread, Ingo Money CEO Drew Edwards told Karen Webster in a recent conversation , and the call for faster and instant disbursements has come in loudly from enough corners to dub 2018 as the “Great Awakening” of push payments. Progress Points.
PayPal And Celebrating The Wonders Of Friendship
PYMNTS
AUGUST 5, 2017
Friendship pushed the cause of desegregation forward in the 1950s when Marilyn Monroe, Hollywood’s biggest star, refused to frequent the hottest nightclub in town, the Mocambo, until it would book her friend Ella Fitzgerald. This year, the company is making it easy to send a card to the people who mean the most to you.
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Visa Says Frictionless B2B Payments Are The Future; Rails Must Adapt To New Use Cases
PYMNTS
DECEMBER 9, 2020
Now, we’ve moved to offerings like Visa Direct, which enables real-time push payment capabilities across account-to-account interactions — domestic and across borders — for consumers and small businesses. The conversation came against a backdrop where, at a high level, B2B payments account for $120 trillion globally on an annual basis.
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Why Instant Settlement May Become Merchant Table Stakes
PYMNTS
APRIL 10, 2019
Instant settlement of funds to merchants is a relatively new hallmark of push payments, part of a slew of new offerings from FinTech firms like Square and PayPal , where sales can be settled in real time and pushed to the merchant almost as fast as sales are made. This early in the game, the uptake has been considerable.
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Everything You Need To Know about Merchant Processing and How To Choose the Right Solution for Your Needs
Stax
APRIL 30, 2024
According to Onbe, 73% of consumers prefer using digital payments like cards and payment apps. TL;DR Merchant processing ensures that all entities, such as the issuing bank, the acquiring bank, and the card company, work cohesively to facilitate payments between a customer and a business.
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5 Ways to Combat Fraud During the Holidays
FICO
NOVEMBER 24, 2020
Payment card fraud, identity theft , account takeover and digital payment fraud have all increased significantly since March 2020. Credit card fraud is more quickly resolved, but you may still have to go through the hassle of having transactions declined and filing a fraud claim with your bank or card provider.
Top News In Payments: Zuckerberg Tells Congress Libra Fills A Void, PayPal Hits New Growth Milestone
PYMNTS
OCTOBER 24, 2019
PayPal Active User Base Grows 16 Pct, Hits 295M. Visa Partners With Revolut To Introduce Multi-Currency Debit Card. Revolut and Visa have teamed up on a multi-currency travel debit card in Singapore. Now, some are pushing for even more taxing abilities, and it’s causing contention in the industry. . As the U.S.
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Will Disbursements Put Payday Cycles Out To Pasture?
PYMNTS
APRIL 9, 2019
Under the terms of the deal, PayActiv can use Visa Direct’s real-time push payment capabilities to deliver gig workers’ earnings to debit cards or reloadable prepaid cards. PayPal recently launched its own disbursement solution, Instant Transfer. Around the World of Disbursements. million AUD ($1.56 million AUD ($1.56
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75 Biz Card Startup Brex Pursues Unicorn Status
PYMNTS
SEPTEMBER 24, 2018
Commercial card startup Brex is seeking unicorn status with its next funding round, The Wall Street Journal ( WSJ ) reported Friday (Sept. Unnamed sources told the publication that DST Global is set to lead the firm’s next funding round, which could push its valuation to $1 billion.
Decoding QR Codes: Retailers Embrace Simple, Secure Touchless Payments Option
PYMNTS
JANUARY 15, 2021
Businesses of all types are deploying new initiatives to meet this demand, with merchants like CVS Pharmacy rolling out QR-based payment integrations at store locations across the country, and payments providers like Square and PayPal introducing QR codes at their point-of-sale (POS) systems. Retail Environment.
Why Certainty Rules Payments
PYMNTS
SEPTEMBER 17, 2018
Like many small businesses (SMBs), he doesn’t accept cards. I needed a few outdoor cushions earlier this season and hired a local upholstery shop to make them. This small business is a really small business: a guy working out of a teeny tiny storefront in a little town north of Boston. The invoice amount was less than $500.
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Banks On Notice: Fintechs Are Coming For Checking Accounts & Debit Cards
CB Insights
AUGUST 2, 2018
One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. get the 86-page fintech report.
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Mobile Pay Gets Rewarding For The Holidays
PYMNTS
NOVEMBER 24, 2016
Customers already have a payment form they likes — plastic cards — and they’ve spent a shopping lifetime developing habits around those cads. And given how ingrained card-based behaviors on, they need a pretty good reason. Samsung Rewards works just like a points-based credit card rewards program. Samsung Gets Rewarding.
Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail
CB Insights
FEBRUARY 13, 2020
As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. PayPal and Square emerge as leaders in the payments space. TABLE OF CONTENTS. A decade of online payments innovation.
Apple Pay, X-Border Invoices, Quick Accept Top This Week’s News
PYMNTS
OCTOBER 23, 2020
Morgan Chase is banking on QuickAccept to edge out FinTech rivals Square and PayPal. JPMorgan Takes On Square And PayPal At The Point Of Sale. JPMorgan Chase is banking on QuickAccept to edge out FinTech competitors PayPal and Square. JPMorgan Chase is banking on QuickAccept to edge out FinTech competitors PayPal and Square.
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From Paper To Digital To Money On Demand: Who’ll Lead The Way?
PYMNTS
JULY 27, 2020
They’ve stood up the right pipes, he said — Visa Direct, Mastercard Send, RTP, Zelle and sometimes PayPal — but when it comes to tying all that together into a consumable deliverable with flexible, on-demand payment options, there remains a big gap. It’s happening either way,” Edwards told Webster. When ‘Instant’ Really Isn’t.
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91 Amazon Pay Gets Its Alternative Wings
PYMNTS
NOVEMBER 29, 2018
Rather than entering new payment information – including address and card details – users can easily enter Amazon account login info. “We’re delighted to offer Amazon Pay to our customers, as it is one of the most secure ways to pay for flights, as the user doesn’t have to re-enter their card details,” he said.
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Expertise On The Screen: The Best of PYMNTS TV
PYMNTS
JANUARY 1, 2021
Greg Lisiewski , PayPal ’s vice president of Global Pay Later Products. Restoring Cash Flow…With Cards. Cards and electronic payments are becoming more and more important in an age where getting guaranteed funds quickly, getting money into the bank account to keep a business open, are the drivers both today and into the future.”. -
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103 Faster Payments: Does The Fed Have A Hidden Agenda?
PYMNTS
MARCH 18, 2019
Then came PayPal’s debut of Instant Transfer to Bank. This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. A Couple of Important Dots.
New Jersey Shows The Good And Bad Of Gambling Payments Progress
PYMNTS
OCTOBER 5, 2018
PayPal Progress. Among recent developments is the addition of PayPal to the sportsbook operated by DraftKings in New Jersey. According to one industry overview , that makes at least four online sports betting providers that accept PayPal in that state, with another “coming soon.”. Card Decline Rates. “At
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Tap to Pay: What It Is and How It Works
Stax
NOVEMBER 13, 2023
Since the first plastic credit card was issued by American Express in 1959 , payment tech progress has been growing exponentially. EMV chip card technology had a good two decades or so, beginning in the mid-’90s. Most modern card readers and payment terminals are NFC-equipped.
Keeping Online Tutors From Saying ‘Au Revoir’ To eLearning Platforms
PYMNTS
AUGUST 20, 2020
No single payment method will suit all needs, but many employers in Europe are finding it important to disburse freelancers’ funds onto payroll cards. No single payment method will suit all needs, but many employers in Europe are finding it important to disburse freelancers’ funds onto payroll cards.
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PODCAST: Solving Instant Payments Ubiquity Problem
PYMNTS
SEPTEMBER 17, 2019
But delivering on that concept — and providing instant push payments on demand — is far from simple. What we see more and more, though, is that it has to work for many different types of businesses who want to push those funds instantly, and consumers who want to receive them in a variety of ways. Edwards said.
UK Startup Earnt It Wants To Update Payroll Advances
PYMNTS
JANUARY 10, 2020
who often resort to overdrafts, credit cards and payday loans to cover unexpected costs when they arise,” and those who can’t even gain access to money they’ve already earned, according to a press release. The startup was founded by Hasam Silva, who used to work at PayPal and helped to develop PayPal Credit.
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