Latest news with #paymentProcessing
TechCrunch
04-06-2025
- Business
- TechCrunch
RevenueCat and Paddle team up to help app developers profit from web payments
Payments and subscription infrastructure providers Paddle and RevenueCat have teamed up to launch an alternative to Apple's in-app purchases in the wake of a U.S. App Store policy change that now allows app developers to process their own payments. The companies on Tuesday announced a new integration that allows users to make purchases from developers' apps, whether on web or mobile devices. Paddle manages the web-specific payments, along with associated tax and compliance complexities. Meanwhile, thanks to RevenueCat, developers have access to their subscription data and performance across both web and mobile platforms. The ability to even offer links for in-app purchases via the web is a new change for iOS applications in the U.S. The decision came down from District Judge Yvonne Gonzalez Rogers as part of the court's ruling in Fortnite maker Epic Games' antitrust lawsuit against Apple. While Apple largely won its case, as the court declared it was not a monopolist, it was also forced to allow developers to link out to web payment options without having to pay Apple a commission. Combined, the new solution from Paddle and RevenueCat offers a way for users to subscribe once on one platform — web or mobile — then automatically access their subscription across all devices. Plus, subscription data is stored in the RevenueCat dashboard, where developers can track real-time analytics across web, iOS, and Android for easy access. Some apps already use services from both providers, like the running app Runna. In that case, the new integration offers a more seamless path to web monetization, the companies explain. 'There's a huge opportunity for subscription apps to grow revenue by expanding to the web — but that shift brings new technical and operational challenges,' said Jimmy Fitzgerald, CEO of Paddle, in a statement shared with TechCrunch. 'By partnering with RevenueCat, we're making it easier for developers to manage subscriptions across platforms, while giving them more control over how and where they monetize.' RevenueCat co-founder and CEO Jacob Eiting, whose service today powers over 70,000 apps, added that Paddle was a great partner on the new effort, which will allow developers to offer web-based payments alongside traditional app stores.
Globe and Mail
27-05-2025
- Business
- Globe and Mail
Visa (V) Just Launched a Major Update to Make Online Shopping Easier
Payment giant Visa (V) just launched a major update to make online shopping faster and easier. ZA Bank, Hong Kong's biggest digital bank, is the first in Asia Pacific to introduce Visa's new Click to Pay feature. This tool lets shoppers finish purchases in seconds without typing in their card details every time. Indeed, Click to Pay lets shoppers skip guest checkout, form fields, and password entries to cut checkout time from five minutes to under one. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter It is worth noting that Click to Pay works like tap-to-pay but for online shopping. It allows you to pay using just your registered email, phone number, or a Visa Payment Passkey. With fewer steps at checkout, people are more likely to complete their purchases, which should help reduce the number of abandoned carts that can be as high as 84%. Visa says this smoother process can improve purchase approval rates by about 2.5%. Interestingly, users don't have to sign up separately in order to use Click to Pay since it's already included with Visa cards from participating banks. In addition, many merchants and payment processors in Asia Pacific, like AsiaPay, already support this feature. The partnership between Visa and ZA Bank highlights the growing demand for faster, safer, and simpler online shopping. Is Visa Stock a Good Buy? Turning to Wall Street, analysts have a Strong Buy consensus rating on Visa stock based on 21 Buys, four Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average Visa price target of $385 per share implies 8.9% upside potential. See more Visa analyst ratings
Reuters
06-05-2025
- Business
- Reuters
Payments processor FIS forecasts weak Q2 profit as spending slowdown concerns mount
May 6 (Reuters) - Banking and payments processing firm Fidelity National Information Services (FIS.N), opens new tab forecast second-quarter profit below Wall Street estimates on Tuesday, reflecting concerns of dampened consumer spending as President Donald Trump's trade war with China continues to pressure consumer sentiment. WHY IT'S IMPORTANT Consumer spending, which accounts for more than two-thirds of the U.S. economic activity, is feared to plummet amid resurfaced fears of stagflation from Trump's trade policy. Several companies have withdrawn their outlook for the year, with economists warning that U.S. consumers are likely to bear the brunt of the trade war, facing higher prices on everything from sneakers to wine. Lower spending volumes could hurt payment processors such as FIS that collect transaction fees from financial institutions and businesses. BY THE NUMBERS For the second quarter ending June 30, the company expects adjusted earnings per share in the range of $1.34 to $1.38, below analysts' estimates of $1.43, according to data compiled by LSEG. The Jacksonville, Florida-based company, however, reiterated its forecast for full-year revenue and adjusted profit. Revenue from the company's banking solutions business rose 2% to $1.7 billion in the quarter ended March 31, while its capital markets solutions revenue grew 8%. On an adjusted basis, its net income was $643 million, or $1.21 per share, for the first quarter, up from $629 million, or $1.09 per share, a year ago. Analysts had expected a profit of $1.20 per share. WHAT'S NEXT Last month, Fidelity solidified its offerings around services to financial institutions with an agreement to acquire Global Payments' issuer solutions unit, which offers card processing and account services, for $13.5 billion. The agreement dramatically reshapes Fidelity, both in shifting its focus to doing business with banks but also shedding its remaining stake in Worldpay, which it acquired for $43 billion in 2019.
