Mastercard Piloting Smartphone Payment Acceptance in Poland

Payments
Mastercard Piloting Smartphone Payment Acceptance in Poland
Payment Facilitor
Mastercard Piloting Smartphone Payment Acceptance in Poland
Mastercard announced a new smartphone payment acceptance pilot in Poland on Wednesday. The solution does not require the purchase of any POS equipment. Users will only need to download a mobile app and create a merchant account to begin accepting payments, making the process simpler and more cost-effective for small and micro-merchants. The company expects […]

Judge Tosses Payments Providers Out of CFPB Debt Collection Case

Payments
Judge Tosses Payments Providers Out of CFPB Debt Collection Case
Payment Facilitor
Judge Tosses Payments Providers Out of CFPB Debt Collection Case
With the news on Friday that a judge had dismissed the Consumer Financial Protection Bureau’s claims against Atlanta-based processor Global Payments and three other payments providers, what can payment facilitators take away from the outcome? The short answer: nothing has changed. This particular case began its journey through the legal system in 2015, when the […]

PayPal Surveys Cash Usage in Asia, Paysafe Wraps Up Acquisition: News Roundup

Payments
PayPal Surveys Cash Usage in Asia, Paysafe Wraps Up Acquisition: News Roundup
Payment Facilitator Mobile Business Compliance Security Payments Industry
PayPal Surveys Cash Usage in Asia, Paysafe Wraps Up Acquisition: News Roundup
In a roundup of news from this week, PayPal reports on the state of payments in Asia as Singapore moves forward toward its own digital future. Also, news from Paysafe, Wirecard and Shopify.

Mastercard to PFs on QR Codes: “Do What You Do Best”

Payments
Mastercard to PFs on QR Codes: “Do What You Do Best”
Payment Facilitator Mobile Business Compliance Security Payments Industry
Mastercard to PFs on QR Codes: “Do What You Do Best”
Payment facilitators have developed a reputation for innovating solutions that bring previously excluded parties into the formal payments system. According to Mastercard’s James Hicks, this ability to take a fresh look at old problems makes PFs well suited to help the card networks expand the use of digital payments into emerging markets using QR codes.

LaterPay Aims to Capture Revenue from Cherry Pickers

Payments
LaterPay Aims to Capture Revenue from Cherry Pickers
Payment Facilitator Mobile Business Compliance Security Payments Industry
LaterPay Aims to Capture Revenue from Cherry Pickers
The question of how to earn revenue from their online content has dogged publishers since the advent of the internet.

The models that have emerged are typically either advertising- or subscription-based. But German company LaterPay thinks it has found a way to bridge the two – by focusing on readers and how they consume content.

Is Singapore the Next E-Payment Frontier?

Payments
Is Singapore the Next E-Payment Frontier?
Payment Facilitator Mobile Business Compliance Security Payments Industry
Is Singapore the Next E-Payment Frontier?
While Singapore is technologically advanced in many ways, it is falling behind in others. This is according to Singapore’s prime minister, Lee Hsien Loong.

In an annual address last week, Lee named digital payments as one area where better use of information technology could improve the lives of Singaporeans.

Stripe in New Zealand; Cross-Border Education Payments: News Roundup

Payments
Stripe in New Zealand; Cross-Border Education Payments: News Roundup
Payment Facilitator Mobile Business Compliance Security Payments Industry
Stripe in New Zealand; Cross-Border Education Payments: News Roundup
In a roundup of this week’s news, we report on payments powerhouses continuing to expand globally, a new application for QR codes in India, and an offer promoting card payments for cross-border tuition bills.

New Worldpay Helps Create Global Opportunity for PFs

Payments
New Worldpay Helps Create Global Opportunity for PFs
Payment Facilitator Mobile Business Compliance Security Payments Industry
New Worldpay Helps Create Global Opportunity for PFs
As the business world has taken note of Vantiv’s Worldpay acquisition, much of the narrative has focused on the size and scope of the deal. The acquisition creates a nearly $29 billion company and allows Vantiv to diversify its client base globally.

But what does all this mean to payment facilitators?

PayPal Makes Swift Acquisition

Payments
PayPal Makes Swift Acquisition
Payment Facilitator Mobile Business Compliance Security Payments Industry
PayPal Makes Swift Acquisition
Leading payment facilitator PayPal announced last week that it plans to acquire Swift Financial, which provides working capital to businesses through both loans and advances on future revenue.

As we’ve noted previously, many small businesses are turning to payment facilitators for their capital needs. And PFs are seeing this business as one opportunity to expand the ways they serve their merchant clients’ business needs, in an integrated environment that includes payment processing.

China Pushes Back on Cashless Trend

Payments
China Pushes Back on Cashless Trend
Payment Facilitator Mobile Business Compliance Security Payments Industry
China Pushes Back on Cashless Trend
China has become a popular example of the potential for digital transactions to overtake cash, as its citizens’ mobile payments usage has increased exponentially in just the last few years. The use of QR codes is quickly displacing cash use across its cities.

But according to recent media reports from the region, not everyone there is necessarily happy with the disappearance of cash or the pervasiveness of mobile payments.