A warning for sellers: if you have or are expecting Money Orders from Canadian customers, you have until August 30th to cash them. The same is true in reverse for Canadian sellers dealing with US payments. The USPS announced it Read more
In a recent blog post marking 25 years of ecommerce, Visa noted that the first ecommerce payment was made on the Visa network on August 11, 1994. A lot has changed since then, but fraud remains alive and well on Read more
The Federal Reserve Board announced a plan on Monday to develop a new round-the-clock, real-time payment and settlement service to support faster payments, called the FedNow Service. Possible winners: tech companies and small banks; possible losers: big banks, according to Read more
Mercari’s payments subsidiary Merpay has entered into an alliance with another payment service with the goal of promoting a “cashless society,” beginning in Japan. Mercari Inc. established Merpay Inc. in November 2017 as a fully-owned subsidiary, and in February 2019, Read more
Amazon is making it easier for US merchants to accept its payments solution off-Amazon thanks to a deal with Worldpay, which announced Wednesday it is the first acquirer enabling Amazon Pay for its merchants. Worldpay promised benefits for merchants, including Read more
Shoppers in certain countries will be able to shop on Amazon and pay in person in their local currency through Western Union thanks to a new agreement. Customers in those select countries will be offered the new payment option on Read more
PayPal announced a collaboration with retail giant Walmart that gives “cash in, cash out” capabilities to PayPal customers. Beginning in November, people will be able to move money in and out of their PayPal accounts when visiting a Walmart retail Read more
Bonanza is integrating with Stripe to allow sellers to seamlessly offer credit card payments. However, only sellers with Gold membership or higher will be allowed to offer checkout with Stripe, at least initially. Currently all Bonanza sellers can continue to Read more
PayPal is acquiring risk management platform Simility for $120 million in cash after investing in the company last year. It will help PayPal merchants avoid fraud. It is the latest in a string of acquisitions by PayPal over the past Read more
PayPal is acquiring a company called Hyperwallet, which it calls “a leading global payout platform.” Or as the company says on its website, “Go global, pay local.” While it’s relatively easy to pay employees, service providers, and others in your Read more
