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June 2, 2020

On the wires

Rapyd Launches All-In-One Integrated Payment Solution in the United Kingdom

“Rapyd, a global Fintech as a Service company, today announced the launch of a single, “full-stack,” payment solution in the United Kingdom allowing businesses locally and globally to access every major local payment method — such as cash, bank transfers, ewallets, and cards — through one easy to integrate connection. In partnership with several major payment partners including Visa, Mastercard, Payzone, and ClearBank, Rapyd’s all-in-one payment solution facilitates payments locally, and across borders for companies of any size, through one single API, reconciliation process, and contract.”

May 13, 2020

On the wires

Fattmerchant Launches Omni Connect, Enabling Software Companies to Accept Payments Directly in Their Platforms

Fattmerchant, an integrated payment technology provider that simplifies the payment processing experience for business owners, today announces the launch of Omni Connect, a managed payments platform that brings together all of the necessary tools required to enable software companies to become payment facilitators (payfacs) and accept payments within their platforms seamlessly. Service Fusion, a cloud-based field service management software, is the most recent independent software vendor (ISV) to integrate Omni Connect into its backend system. The platform gives its clients access to a faster onboarding and a more seamless payments experience.”

May 11, 2020

On the web

Balderton Capital backs Primer, a fintech helping merchants consolidate the payments stack


Primer, a U.K. fintech that wants to help merchants consolidate their payments stack and easily support new payment methods in the future, has quietly raised £3.8 million in funding. Founded by ex-PayPal employees – via PayPal’s acquisition of Braintree — Primer is busy building out a payments API to (hopefully) rule them all, with the explicit aim of bringing greater transparency to a merchant’s payment stack.”

February 27, 2020

On the web

EBay Sets Its Sights on the U.K. As It Prepares to ‘Go Hard’ With Its Managed-Payments Plan

Digital Transactions

“Online marketplace giant eBay Inc. said last month it has an aggressive expansion blueprint for its fledgling managed-payments program, and late on Wednesday the company announced its latest gambit by laying out a plan to move into the United Kingdom this summer. The service has been available in the United States since September 2018 and was introduced in Germany a year later. “Taking control of the payments process on our platform is a key component of our strategy to enhance the eBay experience by breaking down barriers and removing complexities for our customers,” Alyssa Cutright, vice president of global payments, said in a statement. “We’ve seen great success in the U.S. and Germany and we’re thrilled to expand to the U.K.””

November 11, 2019

On the web

Square’s Cleanup Still Leaves Questions

Wall Street Journal

“Fast transaction growth isn’t everything to Square, which is generating increasing revenue from lending, subscription services and its consumer Cash App. But like many payments businesses, the company’s take rate, or how much of each transaction it takes as revenue, is gently declining, due in part to doing business with larger merchants that drive tougher pricing. So volume is still very important.”

September 16, 2019

On the web

POS Providers Invite Developers To Attract More Merchants

Digital Transactions

“As integrated payments continue to garner more interest from payments companies amid increasing merchant demand, two point-of-sale system providers are making it easier for developers to create software programs for merchants.  Revel Systems Inc. last week launched Revel Integrated , a program that offers developer tools and infrastructure to integrate their work into the Revel POS system. And Square Inc. in August debuted Orders API , a service that opens the Square platform to outside developers for the first time.”

August 9, 2019

On the web

Square Brings New Checkout Device to Canada As Competition Increases – BNN Bloomberg

BNN Canada

“Square Inc. (SQ.N), which started about a decade ago with a smartphone-based credit card scanner used mainly by small businesses, has launched a device in Canada aimed at disrupting a market of larger retailers dominated by Canadian banks. Square’s white plastic device, called the Terminal, replaces the physical keypad design with a glass touch screen that it says allows for more clarity at checkout with a variety of display options, such as a full breakdown of the bill.”

June 12, 2019

On the web

Stripe Says Its POS Software Is Now Available for Apps And Devices

Digital Transactions

“Online-payments provider Stripe Inc. made good on its promise to offer its processing software to in-store merchants with the release Wednesday of a slew of software and two pre-certified devices. Founded in 2011 as an online payments company, San Francisco-based Stripe announced in September it would add in-store payment acceptance. At that time, Stripe said the ideal customer is one that already uses Stripe for online payments. Prior to that, Stripe purchased Index Inc. , a company that specialized in point-of-sale technology, including software that speeds up EMV transactions.  

June 10, 2019

On the wires

Unisys and PayCargo Partner to Integrate Payment Processing Capabilities Into Unisys’ Award-Winning Cargo Software and Services

Unisys Corporation (NYSE: UIS ) and PayCargo , LLC, a provider of electronic invoicing and settlement solutions for the shipping industry, today announced an agreement to integrate Unisys’ award-winning Digistics™ cargo software solutions with PayCargo payment processing capabilities to deliver enhanced cargo processing to airlines, freight forwarders and importers.”

May 14, 2019

On the web

Adobe Ties up With Amazon to Build D2C Stores Powered by Amazon’s Commerce and Fulfillment Tools


“Today, Adobe announced that it is working with Amazon on a new program called Branded Stores for Amazon Sellers, to create what they are describing as “branded storefronts” (not described specifically as websites) aimed at smaller merchants that have already been selling through Amazon (and possibly other marketplace platforms) to build their own first-party commerce experiences — while still using some of the transaction and fulfilment tools of the Amazon ecosystem. For now, those tools don’t appear to include Prime, although from what I understand expanding Prime beyond the Amazon.com ecosystem is on the roadmap. Instead, it covers Amazon Pay, fulfilment and hosting on AWS.”

March 4, 2019

On the wires

November 5, 2018

On the wires

Wirecard Brings Its Platform Services Around Digital Financial Technology to Australia and New Zealand

“Wirecard, the global innovation leader for digital financial technology, today announced its platform expansion in Australia and New Zealand. The Wirecard platform is now available in New Zealand for e-commerce services and Australia for omnichannel solutions. With this expansion, Wirecard is extending its ecosystem of real-time value added services around innovative digital payments in Oceania.”

October 31, 2018

On the wires

Apple Pay to be Featured on FreedomPay’s DecisionPoint Network™ to Drive New Consumer Payments Initiative

“FreedomPay, the global leader in secure Commerce Technology for lodging, gaming, retail, restaurants, stadiums and other hospitality merchants, announced Apple Pay will be featured on its new DecisionPoint Network™ (DPN). DPN is a first-of-its kind digital network bringing merchant messages, advertising and value added services to payment terminals, helping merchants extend their presence and engage consumers at the Point of Sale (POS).”

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