Walmart-Backed Financial Technology Startup To Expand The fintech startup backed by the world’s second-largest retailer Walmart plans to purchase two firms and bring operations under one brand name: One. The new entity will build a financial services super app—a single place for consumers to manage their money. Walmart’s Sam’s Club is a DCA member. DCA Insight: Look for One to...

Consumer Spending Preferences Evolve Consumers are trending toward contactless transactions, peer-to-peer payments and mobile wallets. Many are pairing debit cards with emerging payment methods to monitor their money better and avoid credit card debt, PYMNTS.com recently reported. DCA Insight: Millennial and Gen Z consumers especially are drawn to frictionless debit-based mobile experiences. They’re less willing to defer payments but need...

Twitter Experiments with New E-Commerce Features Twitter’s move follows other big tech companies launching new commerce offerings like Facebook with Facebook Pay, Google with Google Pay and Apple with Apple Pay and Apple Card. Displaying tweets that link to e-commerce pages is in testing at Twitter. The social media platform is experimenting with tweets that include “shop” buttons and product...

The US president signed an executive order yesterday banning US transactions with Chinese apps, including Alipay, owned by Ant Group Co., and WeChat, held by Chinese tech giant Tencent. The order takes effect in 45 days after the end of the current administration. The administration claims the apps access private information from US users that can be used by the...

A redesigned Google Pay was launched yesterday. Available in the US on Android and iOS, the updated app expands the payments and commerce ecosystem across a broader range of platforms, devices and payment types. The multinational tech company also announced plans to offer smart banking via FI partnerships. The changes are being made to give consumers more control over their...

A new digital card has been launched by Samsung. Now consumers can manage all their credit-card accounts from multiple financial institutions on a single platform via Samsung Pay Card. Accessed through Samsung phones and watches, the card helps users better manage their finances and credit. CardLinx Insight: This could be the catalyst for contactless mobile payment adoption in the U.S.,...

Leading global payments provider and shopping service Klarna announced it has grown its customer base significantly since the Covid-19 crisis. In partnership with major apparel, beauty and footwear retailers—including H&M, Sephora, Timberland and The North Face—Klarna offers flexible payment options to consumers, giving them the convenience and purchasing power needed now. CardLinx Insight: CardLinx member Klarna is turning the economic...

New Clean Way to Pay: Mobile Wallets Surge on Covid 19 Fears Requiring no physical contact with merchant point-of-sale terminals, mobile wallets are increasingly viewed as a safer way to pay by consumers around the world. Fears that payment cards, cash and coins may be tainted with the coronavirus, and that touching in-store terminals might make shoppers sick, the use...

By The CardLinx Association Requiring no physical contact with merchant point-of-sale terminals, mobile wallets are increasingly viewed as a safer way to pay by consumers around the world. Fears that payment cards, cash and coins may be tainted with the coronavirus, and that touching in-store terminals might make shoppers sick, the use of mobile wallets is getting a boost. According...

Expect the Unexpected in Covid-19’s Wake In the uncertainty that surrounds the coronavirus, Silvio Tavares, CEO of industry trade association Cardlinx, shared perspectives with member executives around the world. Among topics discussed? Travel’s stalled, with hotel occupancy at just 15% and properties slated to close; credit card use is down, impacting the U.S. and other countries where consumer spending accounts...

After years of false starts, mobile wallets are finally gaining traction in the global marketplace. Offers have become the de facto “killer app” for mobile wallets, driving their increased consumer acceptance and usage. Mobile Apps give consumers digital access to their payment cards, cash balances, coupons and rewards via smartphones and other devices. Using smartphones, smartwatches or tablets, online and...

As part of a global partnership, Ant Financial, the payment affiliate of Chinese e-commerce giant Alibaba, has invested in Klarna. The companies announced that Ant Financial has purchased a <1% ownership in the Swedish financial technology start-up, known for offering shoppers interest-free financing over monthly installments. CardLinx Insight: Ant Financial is an affiliate of Alipay, China’s largest mobile wallet and...