U.S. cash payment kiosks rise despite digital age

The Latest

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  Mastercard sees holiday spending climbing

  The card company expects overall retail spending and e-commerce sales during the year-end holiday season to rise this year compared to 2020, and take larger leaps over 2019 spending.

  Retail

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  Global Payments kicks off $28B growth agenda

  The Atlanta payments processor aims to drive $28 billion into acquisitions and other investments that will scale its business over the next four years.

  Retail

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  NovoPayment sets sights on US market

  NovoPayment expects to land its first venture investment soon, just as it's extending its Latin American-focused financial services software business into the U.S.

  Banking

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  Mastercard to buy CipherTrace crypto security company

  Mastercard is buying the six-year-old company to better serve its customers' needs in understanding digital asset risks, thwarting fraud and complying with regulations.

  Retail

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  JPMorgan to buy majority stake in Volkswagen's payments business

  "One of the fastest-growing platforms is the connected car marketplace, whereby the car acts like a wallet for purchasing goods, services or subscriptions," a JPMorgan executive said.

  Banking

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  PayPal agrees to buy Paidy for $2.7B

  The digital payments titan said it's buying the Japanese company to expand its "capabilities, distribution and relevance" in the third-largest e-commerce market in the world.

  Retail

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  Amazon takes Visa battle to Australia

  The online retail behemoth extended a surcharge to include Visa credit card transactions in Australia, and added an incentive nudging consumers there to ditch the cards.

  Retail

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  Mastercard to buy European open-banking company Aiia

  The Mastercard acquisition will allow the big card company to cross-sell digital banking and payment services between its U.S. and European markets.

  Retail

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  Consumer spending on cards jumped in July, research firm says

  The rate of U.S. consumer spending on credit and debit cards surged 21% in July compared to a year ago as Americans welcomed the summer months and a decline in coronavirus cases.

  Retail

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  Fed finds businesses eager for faster payments

  The Federal Reserve said Tuesday that a survey of businesses last year revealed a majority are eager to make use of faster payments, with many ready to do so now. The Fed doesn't plan to launch its real-time system until 2023.

  Banking

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  Competition for SMB payments clients heats up acquisitions

  Some companies are buying up businesses that will help them cater to small and mid-sized clients, while others are getting out of the increasingly competitive arena.

  Retail

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  Bank regulators issue guidance on partnering with fintechs

  Community banks should evaluate fintechs' business experience and financial condition, information security and regulatory compliance, among other things, regulators said Friday.

  Banking

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  Amazon taps Affirm for installment financing

  As Amazon explores payment options for its worldwide shoppers, it's turning to Affirm to test installment financing.

  Retail

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  InComm Payments, Doxo to offer cash bill payments in stores

  The partnership will stretch services for cash payment of bills to some 60,000 retail locations nationwide.

  Retail

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  Crypto ATMs multiply despite challenges to the currency

  The biggest crypto kiosk companies are expanding as the value of bitcoin recovers and more merchants seek a piece of the action.

  Banking

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  Klarna tallies 20M US customers

  The buy now-pay later company has doubled its American customer base in just over a year.

  Retail

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  Fiserv strikes up a bevy of new partnerships

  Fiserv has new ties to MovoCash, Selecta Group and Venmo that will allow it to keep expanding its digital payment services.

  Retail

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  Deep Dive

  Anti-fraud niche in payments thrives as e-commerce climbs

  Major payments players and fledgling upstarts alike are developing new tools to fight increasing fraud threats to their businesses.

  Retail

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  BitPay CFO: long-time crypto users incentivized to keep spending

  Cryptocurrency is well on its way to “emerge as the next evolution to modern alternative payments,” Jagruti Solanki, CFO of Bitcoin and payment provider BitPay, said Friday.

  Regulations & Policy

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  Justice, FTC support Fed's debit rule proposal

  The two agencies not only backed the Fed's effort to make sure two unaffiliated card networks are available for debit transactions, they encouraged it to further strengthen the proposal.

  Regulations & Policy

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  Consumer dissatisfaction with credit cards continues to rise

  American Express still tops the latest J.D. Power national satisfaction rankings, but overall customer satisfaction with cards generally edged down.

  Retail

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  Wells Fargo combines treasury management, payment units

  The bank is poaching an executive from banking rival BNY Mellon to oversee the newly merged operations as it aims to reduce management layers.

  Banking

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  How Square's Afterpay purchase advances its small-business banking goals

  Square is "going to turn to all their small-business users and they're going to say, 'We're helping you with accounts receivable and now we can help you with accounts payable,'" says one analyst.

  Banking

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  PayPal drops BNPL late fees worldwide

  The payments giant will soon get rid of the late fees on buy now-pay later transactions in the U.S., the United Kingdom and France, catching those regions up with other parts of the world where it didn't have them.

  Retail

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  Senators raise privacy concerns about Amazon One

  Senators Amy Klobuchar, Bill Cassidy and Jon Ossoff questioned the security of customer data and noted the palm payment tool technology raises additional anti-competitive concerns.

  Retail

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