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.

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 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.

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.
In this week’s roundup of news from around the payments industry, Alipay has a new American partnership and the Bank of Thailand gets closer to launching QR codes.
In this week’s roundup of news from around the payments industry, Alipay has a new American partnership and the Bank of Thailand gets closer to launching QR codes.
Payment facilitators have a significant role to play as Visa expands digital transactions into new markets using QR codes.

The bar codes have turned the point-of-sale world on its head in response to conditions in emerging markets, according to Uttam Nayak, SVP, emerging market digital payments, for Visa.

Payment facilitators have a significant role to play as Visa expands digital transactions into new markets using QR codes. The bar codes have turned the point-of-sale world on its head in response to conditions in emerging markets, according to Uttam Nayak, SVP, emerging market digital payments, for Visa.
In a roundup of this week’s news, we report on a new partnership for Visa in Africa, more expansion into Europe for Alipay, and a transaction milestone in India, driven largely by mobile payments.

As Visa looks to expand the reach of its network into developing economies, it has tapped another partner with reach in Africa: Uber.

In a roundup of this week’s news, we report on a new partnership for Visa in Africa, more expansion into Europe for Alipay, and a transaction milestone in India, driven largely by mobile payments. As Visa looks to expand the reach of its network into developing economies, it has tapped another partner with reach in Africa: Uber.
U.S. processor Vantiv and London-based Worldpay have reached agreement on the terms of their proposed merger, the companies announced.

The combination of the two companies will result in a massive global payments powerhouse that will go by the name Worldpay.

U.S. processor Vantiv and London-based Worldpay have reached agreement on the terms of their proposed merger, the companies announced. The combination of the two companies will result in a massive global payments powerhouse that will go by the name Worldpay.
Chinese e-commerce powerhouse Alibaba has agreed to form a joint venture with Marriott International. The venture combines Marriott’s expertise in hospitality with Alibaba’s in digital retail. Alibaba will manage Marriott’s storefront on its travel services platform.

Consumers will be able to use Alipay at Marriott locations. And in true payment facilitator fashion, the agreement promises to use technology platforms to provide Chinese tourists with an integrated travel experience.

Chinese e-commerce powerhouse Alibaba has agreed to form a joint venture with Marriott International. The venture combines Marriott’s expertise in hospitality with Alibaba’s in digital retail. Alibaba will manage Marriott’s storefront on its travel services platform. Consumers will be able to use Alipay at Marriott locations. And in true payment facilitator fashion, the agreement promises to use technology platforms to provide Chinese tourists with an integrated travel experience.
Atlanta-based Global Payments Inc. plans to acquire the communities and sports divisions of ISV ACTIVE Network from investor Vista Equity Partners, the companies announced today.

ACTIVE Network provides event and activity management software via its cloud-based platform to more than 36,000 event organizers. It serves the recreation, race, sports, camp and education verticals.

Atlanta-based Global Payments Inc. plans to acquire the communities and sports divisions of ISV ACTIVE Network from investor Vista Equity Partners, the companies announced today. ACTIVE Network provides event and activity management software via its cloud-based platform to more than 36,000 event organizers. It serves the recreation, race, sports, camp and education verticals.
Part of the reason for the Indian government’s unexpected demonetization move in November last year was to help spur the country’s digital economy and reduce the use of cash.

Card and other electronic transactions did increase dramatically in the months after the cash was removed from the system, but now that it has returned, will citizens return to their previous habits?

Part of the reason for the Indian government’s unexpected demonetization move in November last year was to help spur the country’s digital economy and reduce the use of cash. Card and other electronic transactions did increase dramatically in the months after the cash was removed from the system, but now that it has returned, will citizens return to their previous habits?
On Wednesday, Square posted earnings that once again beat analyst estimates.

Discussing the quarter’s results in its shareholder letter, the company highlighted the ways the integration of its software with its payments processing results in benefits for its sellers.

On Wednesday, Square posted earnings that once again beat analyst estimates. Discussing the quarter’s results in its shareholder letter, the company highlighted the ways the integration of its software with its payments processing results in benefits for its sellers.
Visa took its turn this week announcing support for the new QR code specification recently released by industry standards body EMVCo.

Its Visa Ready Program supports the new interoperable standards, making onboarding simpler for merchants who want to implement the mobile POS solution, the company said. The program provides tools that allow banks, processors and payment facilitators more easily deploy the solution for their merchants.

Visa took its turn this week announcing support for the new QR code specification recently released by industry standards body EMVCo. Its Visa Ready Program supports the new interoperable standards, making onboarding simpler for merchants who want to implement the mobile POS solution, the company said. The program provides tools that allow banks, processors and payment facilitators more easily deploy the solution for their merchants.
In a roundup of this week’s news, industry-leading payment facilitators are continuing to expand their core services to make payments simpler for small businesses as well as individuals. We also report on companies announcing two different approaches to pop-up sellers.
In a roundup of this week’s news, industry-leading payment facilitators are continuing to expand their core services to make payments simpler for small businesses as well as individuals. We also report on companies announcing two different approaches to pop-up sellers.
London-based payments technology provider Paysafe has been the poster child for activity in the payment processing space this week, as it looks to expand its services while receiving a possible offer from suitors of its own.

Paysafe, which also operates as a payment facilitator, announced that it has agreed to acquire Houston-based processor Merchants’ Choice Payment Solutions (MCPS) for $470 million.

London-based payments technology provider Paysafe has been the poster child for activity in the payment processing space this week, as it looks to expand its services while receiving a possible offer from suitors of its own. Paysafe, which also operates as a payment facilitator, announced that it has agreed to acquire Houston-based processor Merchants’ Choice Payment Solutions (MCPS) for $470 million.
Citing the burgeoning opportunity for payment facilitators, another company is setting its sights on serving this market with a dedicated payment facilitator platform.

GlobalOnePay has launched an ecommerce platform that enables payment processing for payment facilitators, marketplaces, SaaS companies and ISVs.

Citing the burgeoning opportunity for payment facilitators, another company is setting its sights on serving this market with a dedicated payment facilitator platform. GlobalOnePay has launched an ecommerce platform that enables payment processing for payment facilitators, marketplaces, SaaS companies and ISVs.
Last week, Acting Comptroller of the Currency Keith Noreika told the audience during an address in Washington, D.C., that he thought regulating nonbanks through a federal fintech charter was “a good idea.”

Noreika, a Trump administration appointee, defended the OCC’s right to establish the charter championed by his predecessor, Obama appointee Thomas Curry, despite states’ claims to the contrary.

Last week, Acting Comptroller of the Currency Keith Noreika told the audience during an address in Washington, D.C., that he thought regulating nonbanks through a federal fintech charter was “a good idea.” Noreika, a Trump administration appointee, defended the OCC’s right to establish the charter championed by his predecessor, Obama appointee Thomas Curry, despite states’ claims to the contrary.
In a roundup of this week’s news, Stripe makes an acquisition, PayPal announces more relationships, and the use of cards has surpassed cash usage in one more country.

Leading payment facilitator Stripe announced that it is acquiring Payable to help make tax reporting easier for platforms and marketplaces

In a roundup of this week’s news, Stripe makes an acquisition, PayPal announces more relationships, and the use of cards has surpassed cash usage in one more country. Leading payment facilitator Stripe announced that it is acquiring Payable to help make tax reporting easier for platforms and marketplaces.
Indian online marketplace Paytm Mall has said it is delisting 85,000 sellers as part of an effort to improve the customer experience on its site.

The move is a result of revising its onboarding process to better catch fraudulent sellers. The delisted merchants did not meet the new standards.

Indian online marketplace Paytm Mall has said it is delisting 85,000 sellers as part of an effort to improve the customer experience on its site. The move is a result of revising its onboarding process to better catch fraudulent sellers. The delisted merchants did not meet the new standards.

In another sign that QR code payments are gaining ground globally, EMVCo has released its first QR code specification.

China’s payment network UnionPay, a member of EMVCo, led the working group that developed the specification, the company said in a press release, calling it “the first globally interoperable technical solution for QR code payment.”

In another sign that QR code payments are gaining ground globally, EMVCo has released its first QR code specification. China’s payment network UnionPay, a member of EMVCo, led the working group that developed the specification, the company said in a press release, calling it “the first globally interoperable technical solution for QR code payment.”

The varied state approaches to money transmitter laws are a common headache for many payment facilitators. Affected companies dream of a uniform system, where adhering to the requirements in one state means that you can operate in other states as well.

The road to that system is long, but the good news is, baby steps down the path are continuing.

The varied state approaches to money transmitter laws are a common headache for many payment facilitators. Affected companies dream of a uniform system, where adhering to the requirements in one state means that you can operate in other states as well. The road to that system is long, but the good news is, baby steps down the path are continuing.

Leading payment facilitators are continuing to expand their presence and the capabilities they offer their merchant customers in this roundup of the past week’s news from around the industry.

Leading payment facilitator Shopify announced that it would enable checkout directly on its merchants’ domains, rather than redirecting customers to checkout.shopify.com for purchase completion. The company said that the capability would be free for all merchants and would be activated automatically.

Leading payment facilitators are continuing to expand their presence and the capabilities they offer their merchant customers in this roundup of the past week’s news from around the industry. Leading payment facilitator Shopify announced that it would enable checkout directly on its merchants’ domains, rather than redirecting customers to checkout.shopify.com for purchase completion. The company said that the capability would be free for all merchants and would be activated automatically.

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