Amazon To Begin Using Mastercard Tokens In 12 Countries
Mastercard announced that Amazon customers in 12 countries across North America, Latin America, Middle East and Europe will have their stored card credentials tokenized. By…
American Express Becomes First Foreign Payments Network To Receives Approval In China
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…
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…
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…
PayPal Introduces QR Code Payments to Enable Touchless Commerce
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…
QuadPay Partners With Stripe For Advanced Buy-Now-Pay-Later Payment Experiences
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…
Shopify Merchants Can Now Accept Local Currency Payments in 19 Emerging Markets Through dLocal
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…
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…
Square Launches Online Checkout Enabling Retailers to Sell Online Quickly
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…
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…