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MercadoLibre: The ‘Amazon Of Latin America’ Spreads Its Wings

PYMNTS

Imagine if a North American company had the market share of Amazon, the payment flexibility of PayPal and the credit portfolio of Visa. I would say the most relevant variables across Latin America are banking penetration and credit card penetration,” Gimenez noted. One difference is the use of debit cards online.

America 248
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The Final CFPB Prepaid Card Rule Is Here (Expect Controversy)

PYMNTS

The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as much as $121 billion. The user base of prepaid cards has grown significantly as well.

Cards 189
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The Evolution Of eBay’s Global Payments Strategy

PYMNTS

Many businesses today see selling products in new markets as a growth opportunity. Expanding into a new market — even one as geographically close as Mexico, for example — would present a number of logistical hurdles that many businesses may not be equipped to handle. Appealing to a wider array of customers within the U.S.

Strategy 230
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Merchants Gone Wild: The Surcharge Edition

PYMNTS

Never mind the people who start rummaging around in their purse or wallet to pull out their cards after stepping up to the checkout counter. The specific issue that I’m referring to is merchant surcharging – a fancy term to describe the fee charged by merchants when consumers use network-branded card products to pay for their purchases.

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Can I Really Do All of My Banking Online?

NCR

In addition to having websites for the existing clientele, it’s a known fact in the financial industry that banks are investing millions of dollars to stay ahead of the curve when it comes to their online marketing strategy. This is how banks have excelled with online presences. But, things have to become even easier somehow.

Online 40
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Top 21 Online Digital Accounting Services for Small Businesses (SMB): Jan 2022

Fintech Labs Insights

When I started reporting on the space in the mid-90s, I thought banks would end up delivering the bulk of basic accounting functions through their online banking programs. So the market has been ceded to the entrepreneurs, and wow, have they shown up! Top 17 Online Digital Corporate Credit Cards for Small Businesses (Feb 2022).

Online 15
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Govt Eyes BEC, Govt Slammed By BEC

PYMNTS

The South China Morning Post reports that the SFC has set up a form online through a page titled “Reporting corporate fraud and market misconduct.” The total spending came to as much as 12 million euros between 2003 and 2012.