American Express Becomes First Foreign Payments Network To Receives Approval In China

Shopping in Shanghai

American Express announced its joint-venture in mainland China, Express (Hangzhou) Technology Services Company Limited (Express Company), has received final approval from the People’s Bank of China (PBOC) for a network clearing license to become the first foreign payments network to clear local currency transactions. Amex in a statement said that is has built a network […]

Credit Card Processor Square Faces Lawsuit Over Merchant Payment Holds


Last month we reported that Square notified a small business merchant that it would withhold 30 percent of the transaction amount in a Reserve for up to 120 days. The small business owner in our story had no chargebacks or other payment problems and when he asked Square for details, they did not provide any […]

Kabbage Received Approval For Over 110,000 PPP Loans to Help Small Businesses


Kabbage reports it has received SBA approval to fund over 110,000 Paycheck Protection Program (PPP) applications, surpassing $3.5 billion. With a focus on serving America’s smallest businesses, Kabbage’s efforts represent over half a million jobs restored to Main Street companies in the United States. As an SBA-approved lender serving small businesses with or without a […]

PayPal Introduces QR Code Payments to Enable Touchless Commerce

PayPal QR Code

PayPal rolled out the ability to use QR Codes to buy and sell goods in 28 markets around the globe. From farmers markets to selling secondhand goods – the rollout of the QR code functionality in the PayPal app allows customers to buy or sell in-person, safely and securely, and touch-free. “We know that in […]

QuadPay Partners With Stripe For Advanced Buy-Now-Pay-Later Payment Experiences

Stripe QuadPay

QuadPay, the payment installment platform, is partnering with Stripe to power advanced buy-now-pay-later experiences that boost conversion and let consumers start shopping instantly both online and in-store. Built on Stripe’s issuing infrastructure, QuadPay enables consumers to start shopping in installments anywhere Visa is accepted and powers buy-now-pay-later experiences that boost sales by more than 20% […]

Shopify Merchants Can Now Accept Local Currency Payments in 19 Emerging Markets Through dLocal

dLocal - Shopify Payment Integration

Cross-border payments solution for emerging markets, dLocal has partnered with Shopify to enable its SMB merchants to offer local payment methods in more than 19 currencies. The partnership allows international ecommerce merchants the ability to accept local payment methods in emerging markets through dLocal’s payment processing network. dLocal’s integration with Shopify enables merchants to bypass […]

U.S. Postal Service Second Quarter Fiscal 2020 Results – Another Big Loss


The U.S. Postal Service reported total revenue of $17.8 billion for the second quarter of fiscal 2020 (January 1, 2020 – March 31, 2020), an increase of $348 million, compared to the same period last year. The COVID-19 pandemic, which has severely affected the U.S. economy, began to negatively affect the Postal Service during late March with […]

Square Launches Online Checkout Enabling Retailers to Sell Online Quickly

Square Online Commerce

Payment processing company Square is introducing Square Online Checkout, an online checkout link or button that allows retailers and bloggers to accept payments without having to build an online store. Square Online Checkout quickly generates a checkout link or button for any product, service, membership, and other offerings that can be sold online. It is […]

Report: Square Holding Funds on Business For 120 Days With No Chargebacks or Problems


A small business owner forwarded us an email they received from Square that describes a policy to protect its cash flow in favor of small businesses maintaining liquidity during this coronavirus crisis. The business owner noted he has no payment disputes or chargebacks, and even after contacting Square’s customer service regarding this issue, they confirmed […]