Central bank digital currencies are still a relatively new payment method around the world, but now they’re starting to address the issue of user authentication, and at least one is doing it with facial-recognition technology. PopID Inc. on Thursday announced holders of the Bahamian Sand Dollar, one of the first …

With some fast and near-instant payments services and apps already available, and more coming, it turns out fear of fraud, reluctance to manage multiple apps, and ignorance about the services are consumers’ biggest hurdles to adoption. Approximately 40% of U.S. consumers are wary of using faster-payments options overall, according to …

Corporations aren’t in business to please Wall Street, but for publicly held companies investor expectations are hard to ignore. Affirm Inc. early Friday is seeing its share price climb steadily after exceeding analysts’ consensus expectations for payment volume and revenue for its fiscal third quarter, ended March 31. The good …

Paya Holdings Inc., which has been acquisitive in recent years, isn’t done doing deals. Chief executive Jeff Hack won’t name names, but multiple acquisition targets have clearly been scoped out. “We’re busy doing due diligence on a variety of deals. We see attractive opportunities for inorganic growth. You should expect …

While the payments industry reckons with the arrival of real-time settlement capability, an appetite among financial institutions for faster payments in general has clearly emerged. Dollar volume on the automated clearing house network for transactions settled on the same day grew 53% in March compared to February, following the introduction …

At least some payments players appear to be preparing for an important new phase in the buy now, pay later business, with an opening salvo to include significantly larger loans and revised credit terms that make the advances appear more like traditional installment programs. The move comes as the short-term …

Block Inc.’s Cash App unit perked up in the first quarter, as the company reported that usage and instant-deposit volume for the digital wallet both increased during the period. With Bitcoin activity excluded, revenue for Cash App in the quarter grew $203 million, a 38% jump, compared to the first …

Against a background of emerging real-time payments and steady growth in automated clearing house transactions, The Clearing House Payments Co. LLC is working to mask those transfers with a technology the payment card business has used for years—tokenization. The job is enormous. “We’re just starting—it’s going to take time,” says …

Some processors are ready to put the pandemic behind them, but FIS Inc. may have already done it. The big payments processor and banking-services provider early Tuesday reported its merchant revenue increased 15% year-over-year in the first quarter, a number that exceeded the company’s expectations, chief executive Gary Norcross told …

Global Payments Inc. Monday morning reported continued recovery from the pandemic’s impact along with new developments the Atlanta-based company says will deepen its ventures in buy now, pay later, cryptocurrency, and support for banks overseas. Global chief executive Jeff Sloan also said the processor has exited its operations in Russia in …