Block shutters some European operations
Payments Dive
AUGUST 4, 2023
The company is pulling the plug on Cash App’s Verse brand in the European Union and buy now, pay later operations in Spain, France and Italy.
Tailored Brands Might Seek Bankruptcy Due To Pandemic
PYMNTS
JUNE 15, 2020
Men’s Wearhouse owner Tailored Brands might be the next significant retail company in the United States to make a bankruptcy filing as the COVID-19 crisis unfolds. Bank — included the potential for bankruptcy, or even the closing of operations, in a recent filing, CNN reported. Tailored Brands has approximately 1,400 U.S.
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How Brands Can Avoid Direct-To-Consumer Pitfalls
PYMNTS
JULY 28, 2020
Chief Operating Officer Ro Bhatia told PYMNTS in a recent conversation. Brands looking to sell directly to end users need a vision for what their omnicommerce experience should be, and a plan for how they’re going to deliver something to complement their existing business instead of merely complicating it. He also noted that sticky.io
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Brand Differentiation – How One Bank Is Producing 132% Profit Growth
South State Correspondent
MARCH 23, 2022
If your bank struggles to create a clear value proposition and brand differentiation, then we have a case study for you. Brand Differentiation Step 1: Build an Employee-Centric Culture. Nubank is an example of what happens when you invest in your products in order to differentiate your brand.
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Top News in Payments: Uber Halts Upfront Pricing in CA; Amex Cleared To Operate In China
PYMNTS
JANUARY 9, 2020
Amex Cleared To Operate In China. The central bank in China said it accepted an American Express application to start working in the country but did not say when Amex would begin operations. As travelers become increasingly digital savvy, the industry is expected to accommodate sophisticated payment technologies.
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Yum! Brands Digital Sales Reach Record $3.5B Amid Pandemic
PYMNTS
JULY 30, 2020
Brands, Inc. Gibbs said the company rolled out its contactless initiative for Pizza Hut during the quarter by adding more pickup and payment options for customers. The brand has served nearly 20 million contactless digital orders as of March 2020. “We’ve For Taco Bell U.S., On the downside, Yum! billion in revenue.
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Yum! Brands To Hold Back Rent In South Africa
PYMNTS
APRIL 6, 2020
Brands Inc. , The policy relates to the just under 50 stores owned by the company in the most industrialized nation in Africa, while the other restaurants on the continent are franchisee-operated Bloomberg reported. Restaurant Brands will send $70 million in cash advances, as well as rebates, to franchisees.
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B2B eCommerce Platform NuORDER Unveils Payments Service
PYMNTS
JANUARY 26, 2021
B2B online commerce technology company NuORDER has unveiled its NuORDER Payments offering. NuORDER brands can start taking credit card payments inside of their wholesale platforms without needing to process payments by telephone or harness a third-party payment gateway, according to a Tuesday (Jan.
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North Lane, daVinci Payments Finalize Merger; Form Syncapay
PYMNTS
DECEMBER 10, 2020
North Lane Technologies and daVinci Payments said they have finished their merger, making a "high-growth, premier payment company with innovative technology and solutions," according to a Thursday (Dec. 10) announcement.
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Mobile Apps And Gas: The Brand/Aggregator Brand Conundrum
PYMNTS
AUGUST 9, 2018
Mobile payments — the ability to pay for gas using an app? Recent work that GasBuddy has done with one of its partner chains — with a “slow rollout” of mobile payment options through the GasBuddy app — has demonstrated that consumers will give mobile payments at the pump a chance once they discover it.
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Why Mexico’s SMBs Need A FinTech Operating System And Not Another Bank
PYMNTS
SEPTEMBER 15, 2020
The world needs a FinTech operating system.”. Oyster, he added, can leverage the cultural mistrust of traditional banks in Mexico with the general trust that country’s citizenry places in foreign brands (Starbucks, he said by way of example, is ubiquitous and beloved in Mexico). Widening Debit’s Acceptance.
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Bitcoin Daily: Nigeria’s Crypto Market Surges; Alleged Crypto Capital Operator Charged With Fraud
PYMNTS
FEBRUARY 23, 2020
Reginald Fowler, “an alleged operator behind payment processor Crypto Capital , was charged with wire fraud” on Friday (Feb. This is in addition to charges of bank fraud, an unlicensed money transfer operation and conspiracy. For this reason, it’s difficult to ascertain exactly how much trading is done.
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Gaming Platform DraftKings Partners With InComm Payments For Retail Gift Cards
PYMNTS
DECEMBER 16, 2020
Digital sports entertainment and gaming industry platform DraftKings — known for its top-rated daily fantasy sports and mobile sports betting apps — today announced an agreement with InComm Payments , a global leading payments technology company, to launch an industry-first retail gift card. . DraftKings reported on Friday (Nov.
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Coolest Brands 2016: AdyenSecret Ubiquity
Bank Innovation
FEBRUARY 16, 2016
In terms of payments, they all use the services of Adyen, the Amsterdam-based payments giant. Adyen operates in more countries and currencies than competitor Stripe, and serves large, international operations, while Stripe works with startups and developers. Netflix, Uber, Facebook, AirBnB, Spotify., Adyen’s Read More.
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Developing Brick-and-Mortar Stores For QSRs, Sleep Brands
PYMNTS
FEBRUARY 19, 2020
Some operators, such as Chipotle , are even launching store designs that showcase pick-up windows. The sleep brand ’s locations are thriving, and a few more are planned for this year. Quick-service restaurants (QSRs) are moving to fulfill digital orders as quickly and smoothly as possible. All this, Today in Data.
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OAK + FORT: Flexible-Payment Plans Boost Luxury Purchases
PYMNTS
SEPTEMBER 30, 2020
Merchants are optimizing their eCommerce operations, but this is posing challenges for some, including luxury merchants. These retailers are accustomed to engaging with their customers in brick-and-mortar stores and building long-lasting relationships that lead to brand loyalty. Around The Buy Now, Pay Later World.
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Giving B2B Dental Payments A Digital Treatment
PYMNTS
DECEMBER 24, 2020
Dental practices typically go through many steps to receive payments, and the time and costs involved can quickly mount when many of these processes are handled manually. The firm provides administrative and general business operation support services to the Aspen Dental-branded network of dental practices. Payouts And AR.
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Digital Exercise Brands Get Pumped Up As In-Person Fitness Loses Muscle
PYMNTS
SEPTEMBER 16, 2020
But that national network of body-sculpting palaces is in disarray today, with major chains including Gold’s Gym and 24-Hour Fitness filing for Chapter 11 relief due to the coronavirus pandemic, along with a slew of other operators from privately owned yoga studios to fitness centers. Peloton’s stock price doubled on that news.
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WEX Teams With MYOB For Supplier Payments In Australia
PYMNTS
JANUARY 19, 2021
In an effort to simplify B2B payments for Australia, FinTech service provider WEX is teaming with digital business management technology company MYOB. The tie-up provides WEX clients with access to MYOB's business payment technology for vendor payments through WEX virtual credit cards, according to an announcement.
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Deep Dive: How Loyalty Innovation Improves Member Relationships, Boosts Brand Awareness
PYMNTS
JULY 2, 2020
Less than 30 percent of credit union decision-makers say their CUs prioritized loyalty innovations in the past three years, however, ranking the priority behind fraud management, real-time payments, digital wallets and other initiatives. The Member-CU Loyalty Disconnect . Likewise, 33.3
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Can Western QSR Brands – And Others – Gain More Power In China?
PYMNTS
NOVEMBER 19, 2019
Two famous North American-based quick-service restaurant (QSR) brands are preparing to duke it out in China for chicken-meal supremacy, the most recent sign of how Western brands are trying to increase their footholds in that massive country. The news comes as more Western brands – including those based in the U.S. –
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JPMC: How Payments Drive Customer Loyalty Amid A Digitization Push
PYMNTS
MAY 14, 2020
In a recent conversation with PYMNTS’ Karen Webster, Miller discussed the impact of shifting buyer habits on merchants’ digital sales strategies, with optimized back-end payment processes essential to delivering a powerful customer experience on the front end. Brand Loyalty’s Surging Importance.
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Today In Payments: Railsbank Closes $37M Funding Deal; Google Critics Demand Prompt Antitrust Enforcement
PYMNTS
NOVEMBER 12, 2020
Plus, Afterpay launched a cross-border payment option for merchants. shoppers with installment payments next year. The consensus: the brands ready to flex with the ebbs and flows of changing consumer preferences are the ones that will survive. Report: Strategic Payment Investments Give FIs, FinTechs Innovative Payment Options.
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What Payments Players Had To Say About Innovating Payments In A Pandemic
PYMNTS
DECEMBER 31, 2020
As much as a click from the Kardashians helped spread the brand awareness and jump-start his company, Molnar said, as a spending trend among young consumers set the stage for BNPL's success. The payments ecosystem, of course, is not and will not be immune to the seismic impact and aftershocks of the coronavirus. According to J.P.
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Hypur To Offer Digital Payments For Cannabis Firms With CU Partnership
PYMNTS
APRIL 23, 2020
To provide digital contactless payments, delivery and curbside pickup options for cannabis businesses, payment provider Hypur Inc. Hypur will bolster Salal’s network of cannabis retailers and wholesalers via different digital payment offerings. is teaming with Salal Credit Union.
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Merchants, PayFacs And Monetizing Payments Flows
PYMNTS
MARCH 11, 2020
Amid the seismic changes that have refashioned the payments landscape over the last few years — as large players get ever larger (such as the $22 billion Fiserv-First Data deal) — there is an opportunity for software-as-a-service (SaaS) companies and digital marketplaces to monetize payments.
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American Brands Are Bullish On Retail Expansion In China
PYMNTS
MAY 29, 2018
And, like many retailers in China, Walmart’s small-store rollout comes with a digital payments option. Brands from L Brands — which counts Victoria’s Secret in its portfolio — and Ralph Lauren , as well as Starbucks , are bullish on China. Here are their executives on how they plan to build their brands in the country.
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NEW DATA: Flexible Healthcare Payments Provide Critical Care To Patient Satisfaction
PYMNTS
JANUARY 27, 2021
The friction inherent in the basic operations of many healthcare services — from complex payment processing methods to inconsistent appointment management practices — became more salient against the backdrop of the pandemic. Now, healthcare providers have to work to maintain loyalty just like any other brand.
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12 Coolest Brands in Banking 2016
Bank Innovation
FEBRUARY 23, 2016
We are proud fintech nerds, and for five years we have marked the Coolest Brands in Banking on Bank Innovation based not on the type of sunglasses worn by a CEO, but on the Read More. When we think of cool, James Dean doesn’t immediately come to mind. The app Songsterr does.
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J.P. Morgan Looks Toward Payments Modernization
PYMNTS
JANUARY 11, 2021
Once considered the head of number-crunching and cash management, treasurers today have transformed into enterprise leaders, using payments and finance digitization as an opportunity to pivot toward new business models and drive strategic growth for the entire enterprise. It's about digitizing how the whole business operates.".
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Mastercard, Interac Team On Canada Cross-Border Payments
PYMNTS
MAY 22, 2019
Mastercard and Interac, the global and domestic payment networks, announced Wednesday (May 22) they are collaborating to offer customers in Canada a fast and easy way to send money internationally. ” According to Mastercard and Interac, Canada is a big market for international payments given its diverse population.
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Block winds down certain European operations
The Paypers
AUGUST 8, 2023
Digital payments company Block has planned to shutter the P2P business Cash App’s Verse brand in the EU and BNPL platform Clearpay in Spain, France, and Italy.
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How Mexico’s Central Bank Plans To Move Payments To Digital
PYMNTS
JANUARY 6, 2021
In Mexico, the pandemic is moving the needle toward digital payments — specifically mobile payments — to become more widely embraced by businesses and consumers alike. Call it a way to solve the “chicken and egg” problem that is so firmly entrenched in payments. The costs of entry are relatively low,” maintained Diaz. “If
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Investors Upbeat On Shopify’s ‘Global Retail Operating System’
PYMNTS
AUGUST 1, 2019
COO Harley Finkelstein, in a post-earnings interview with MarketWatch , said that strong outcomes were seen across the board from the firm’s efforts to transform itself from a software platform for digital and physical retail into “the first global retail operating system.”. billion, while gross payments volume jumped to $5.8
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How Micro-Services And AI Can Speed FIs’ March Toward Instant Payments
PYMNTS
MARCH 19, 2020
The financial landscape is changing, moving toward instant payments, toward commerce that is always on – and for financial institutions (FIs) serving corporations and consumers across the world, the margin for error is fast disappearing. Traditionally, he said, deploying new payment or banking applications has been a monolithic effort.
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Mobile Game Shows Offer Brands Prized Millennial Viewers
PYMNTS
JUNE 14, 2018
And though this market presents brands with a large audience of potential customers, will digitally native millennials tune in to a shopping network? For brands, Gravy provides an alternative to traditional advertising such as pre-rolls and banners that can’t hold customers’ attention as long as shows like Gravy.
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EnKash receives payment aggregator approval from RBI
The Paypers
DECEMBER 21, 2023
India-based fintech startup EnKash has gotten regulatory approval from the Reserve Bank of India (RBI) to operate as a payment aggregator the the brand name Olympus.
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Infibeam Avenues Buys Cardpay To Boost B2B Payments
PYMNTS
JUNE 8, 2020
Indian FinTech Infibeam Avenues , which works in digital payment and eCommerce solutions, has bought all shares of Cardpay Technologies, which provides payment and invoice technology, in an all-stock deal. In the announcement , the companies said the acquisition will help Ahmedabad-based Infibeam offer better B2B payment services.
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How Payments Have Ignited Subscription eCommerce
PYMNTS
FEBRUARY 26, 2019
She talked about the vital role that payments — specifically, digital payment options — plays in subscription retail, how the industry will achieve future growth and why a certain level of friction is not necessarily a bad thing for operators of such businesses. But there’s also a different dynamic in play, Clark said.
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Yum! Brands On How Delivery, Digital And Takeout Are Their Future
PYMNTS
OCTOBER 31, 2018
Brands beat Wall Street’s expectations when its earnings were released Wednesday, as an assortment of new menu offerings were successful in drawing more foot traffic into its Taco Bell and KFC locations this quarter. Brands’ efforts at expanding its digital offerings (like mobile order-ahead) and delivery options in the U.S.
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Real-Time Payments Go Beyond The Need For Speed
PYMNTS
NOVEMBER 18, 2020
The pandemic has exposed glaring points of friction in any number of verticals – including banking, where it’s apparent that legacy systems and processes were not designed to handle real-time anything, and certainly not payments. economy is proving to be a tailwind for faster payments and processes. That said, the U.S. The Three Is .
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From Why To How Fast: Getting Contactless Payments Up To Speed In Public Transportation
PYMNTS
JULY 7, 2020
Fernando Souza , vice president at payments platform CyberSource , a Visa solution, told PYMNTS in a recent conversation that such fears have public transit systems around the world looking at moving to EMV contactless payments and away from cash, paper tickets and closed-loop, card-based systems. They can just tap and go.
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How The Pandemic Is Accelerating The Push To Digital B2B Cross-Border Payments
PYMNTS
NOVEMBER 12, 2020
These firms have to navigate the ins and outs of various markets for consumers and also for the B2B payments between their suppliers or vendors. Joor allows fashion brands and retailers in 144 countries to conduct wholesale shopping and payments digitally. Making B2B Payments Fashion-Forward.
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Stripe Powers Digital, In-Store Payments For Lightspeed Retail, Restaurant Customers
PYMNTS
FEBRUARY 6, 2020
Canadian global point-of-sale (POS) and eCommerce firm Lightspeed is teaming up with Silicon Valley payments platform Stripe to advance in-store and online payments for retailers and restaurants in the U.S. Restaurants and retailers will be able to process in-store payments and personalize readers with their own branding. .
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