One of the most popular mobile payment apps in China, WeChat Pay has been available for online commerce via the Adyen platform since 2016. And now, the mainstream mobile payment method will now be going offline for Adyen’s merchant clients.Read More
Visa Europe streamlines commuter payment acceptance and Shopify offers business owners the ability to view online customer commerce in real time. Klarna partners with Nets to offer a pay later solution for offline storefronts and Ayden partners with Yandex.checkout to enhance online commerce in Russia.Read More
Scan to pay is gaining traction in the payments ecosystem while even some charities are cashing in on cashless. And, tech giant Google takes on India’s payments market with 7.5 million downloads of its payment app Tez in just one month.
Here’s your weekly news roundup.Read More
MasterCard again partners with PayPal and GoFundMe partners with Adyen, while Blackbaud expands its offerings though JustGiving acquisition and Square receives unfavorable response from the ICBA. Here’s your weekly news roundup.Read More
This week, we talk with Mike McGirr, senior vice president, compliance and risk, for payments platform provider Adyen.
In a wide-ranging conversation, McGirr talks about Adyen’s role in the payments ecosystem. He also talks about his own roles as chair of ETA’s new Payment Facilitator Committee and moderator of an acquirer panel at the upcoming Payment Facilitator Day, part of ETA’s TRANSACT conference. And he previews some of what PFs can expect from both.Read More
The Electronic Transactions Association is launching a new committee, pointing to the growing importance of PFs within today’s payments industry. Members of ETA’s Payment Facilitator Committee will address challenges and issues having to do with compliance, business and technology in the PF space.Read More
This week’s roundup of news from around the web includes a new partnership for Adyen, Asian expansion for PayPal’s Xoom, and growing cashless payments in India.
E-commerce technology provider VTEX announced a new partnership with Dutch payment facilitator Adyen, through which it has added payments processing and risk tools from Adyen to its platform. The partnership is geared to helping its customers grow their e-commerce businesses globally, the company said.Read More
Both Etsy and Freelancer.com have tapped Adyen to power their payment solutions.
The Etsy partnership covers the U.S., Europe, and “other markets” where Etsy operates, according to the announcement. The company said it has been operating in China, Europe, India and North America for Freelancer.com.
While one marketplace connects buyers and sellers of handmade goods and the other service providers and their customers, in some ways, the payments needs of both are similar.Read More
The pain of keeping all the rules and regulations straight for a payment facilitator is only exceeded by the pain of not keeping them straight. A PF has to protect itself from merchant problems with underwriting and monitoring, while adhering to the mandates from card brands and acquirers. It’s a lot now, but as everyone knows, there’s more coming.
As heard in this week’s edition of the PaymentFacilitator.com podcast, the best PFs can do to mitigate excessive regulation from without is to do more within, said Rich Consulting president Deana Rich, moderator of the session Emerging Threats Cage Match: Compliance v. Fraud at the second annual Payment Facilitator Day at Transact 16 in April.Read More