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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. In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It now operates in 18 countries in Latin America.

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Bank Of America Analyst Sinks Square Rating

PYMNTS

Bank of America has lowered its rating of Square Inc. The extent of SMB churn is hard to quantify, and likely won’t be known for perhaps another six months, but we note that 75 percent of Square’s payment volume comes from merchants with less $500,000 in annual card volumes,” he said. Paychex Inc.,

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WEX Takes The Virtual Card To Latin America

PYMNTS

Corporate payments firm WEX is pushing virtual card technology within Latin America and has announced a new partner to help the cause. Argo will integrate WEX’s virtual card number (VCN) technology as an additional payment option for its corporate and travel agency clients.

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The Commercial Card Embraces A Season Of (Major) Change

PYMNTS

For businesses, the world market was thrown into volatility, yet soon, new opportunities emerged. For the corporate card, 2020 has been a season for dramatic shifts in how the payment tool is used and the value it adds to the enterprise. The year 2020 began inconspicuously — but in a few short weeks, everything changed. Winter Blues.

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How The Corporate Card Recharted Its Adoption Course

PYMNTS

At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper check. But in the midst of the coronavirus crisis, the corporate card seemed to unlock more value for businesses large and small.

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ClearXchange Partners Lagging Bank of America by ‘Months’

Bank Innovation

Bank of America Corp. The megabank’s CEO, Brian Moynihan, said yesterday that clearXchange was “a few more months” from “heavy” marketing of the P2P payments platform. “We’re up and operating Read More. The holdup? The other partners.

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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

Perficient

In fact, according to The Business Research Company’s 2022 Payment Security Global Market Report , the payment security market is expected to reach $43 billion by 2026. A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder.

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