Block is reportedly cutting jobs as part of its previously announced effort to limit the size of its workforce to 12,000 employees. The company announced that goal in November during an earnings call, saying it aimed to boost earnings by reducing costs, and it started cutting...
PayPal will eliminate about 2,500 positions, or about 9% of its workforce, this year. The company aims to “right-size” its workforce by cutting jobs and by not filling open roles, PayPal CEO Alex Chriss said Tuesday (Jan. 30) in a letter to staff. Affected staff will...
Tax preparation software firm Drake Software launched a contactless payment acceptance system for tax professionals. Drake Pay is “designed to meet the payment acceptance needs of the modern tax preparer for software integration, speed to payment from clients and security,” the company said in a...
Planet DDS has added an integrated payment solution to its cloud-based platform for orthodontic practices. The new Cloud 9 Pay provides patients with payment options while protecting patient data and reducing payment card industry (PCI) compliance burdens for these practices, the company said in a Thursday...
In an era dominated by digital transactions, the seamless integration of payments into the end-customer experience is no longer a mere preference; it’s now a necessity. For eCommerce marketplace merchants, independent software vendors (ISVs), and software platforms, payment facilitators (PayFacs) have become pivotal in addressing...
Payment facilitators, or PayFacs, quietly lead a revolution at the heart of the digital economy. At the center of this shakeup lies embedded finance, encompassing the integration of payments, banking and credit solutions into retail platforms, including online marketplaces and business software solutions. PayFacs allow...
How ubiquitous have digital payments become in India? As Australia’s Sydney Morning Herald reported Saturday (Jan. 21), street-side produce vendors in the country now include QR codes among their vegetables, one of many signs of the digital transformation of the world’s most populous country. Among...
Digital wallets are increasingly becoming a staple for processing transactions in the software publishing industry. Seventy-one percent of payment facilitators (PayFacs) have adopted this technology and are pushing innovation to enhance their capabilities. However, PYMNTS Intelligence’s latest study reveals the varying innovation priorities of players...
Online gambling has skyrocketed in popularity in the past several years, largely due to the pandemic shutting down physical casinos. The move sent gamers online, which many found more fun and convenient even after the world reopened. Today, digital gambling is a $63 billion industry,...
