October 2, 2023
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Law and Regulation, Point-of-sale, Real-time Payments
Payments-technology platform Pidgin said it has agreed to provide real-time payments capability to retail and commercial account holders at Exchange Bank. AffiniPay LLC, a payments platform for professional-services firms, has sold its accounting-software unit, Soluno, to ActionStep, a provider of practice-management technology. Terms were not disclosed. The U.S.-based blockchain firm Coinbase Inc. announced it …
Read More »
September 26, 2023
Digital Currency, E-Commerce, Issuing/Originating, Mobile Commerce, Mobile Wallets, Point-of-sale, Real-time Payments, Transaction Processing
MoneyGram International Inc. announced Tuesday it will launch in the first quarter next year a non-custodial digital wallet that will support stablecoins. The wallet’s support of stablecoins—digital currency tied to the value of a national fiat currency, such as the dollar— will enable consumers to move from fiat currency to …
Read More »
September 25, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Transaction Processing
The number of digital transactions globally will rise 12% in 2024 to cross the 1-trillion mark, Juniper Research forecasts. Near-field communication (NFC) payments, otherwise known as tap-and-pay, will grow fastest, at 30%, followed by digital ticketing (19%), according to Juniper. The Canada-based commerce platform Shopify will enable payments for India-based e-commerce merchants directly on …
Read More »
September 22, 2023
Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Electronic Bill Payment, Electronic Checks, Issuing/Originating, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Prepaid Cards, Real-time Payments, Transaction Processing
Most bankers know that today’s payments are broken. From keeping pace with evolving customer experiences, to navigating the changing regulatory environment, to overcoming competitive threats from nonbanks, many have become so frustrated they are debating whether to abandon some in-house payments channels entirely. Consumers, too, are becoming frustrated with the …
Read More »
September 22, 2023
Acquiring, ATMs, Competitive Strategies, Debit Cards, Digital Currency, Fraud & Security, Person-to-Person Payments, Point-of-sale, Transaction Processing
Varo Bank entered the peer-to-peer payments fray with Varo to Anyone, which allows Varo accountholders to send funds to anyone who holds a U.S. debit card. Varo says the service carries no fee. Mitek Systems Inc. announced it has agreed to offer its biometric-based identity verification technology to complement the credit-reporting agency Equifax Inc.’s …
Read More »
September 20, 2023
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Real-time Payments, Transaction Processing
The payments platform FreedomPay said it is expanding its partnership with the processor Worldpay to cover more geographic markets globally. FIS Inc. in July agreed to sell a 55% interest in Worldpay to the private-equity firm GTCR in a deal expected to close in 2024’s first quarter. Buy now, pay later specialist Sezzle Inc. announced an …
Read More »
September 13, 2023
Acquiring, Digital Currency, Fraud & Security, Marketing, Near-Field Communication (NFC), Prepaid Cards, Transaction Processing
Fitli, an independent software provider for fitness professionals, has selected Usio Inc. for payments processing. Prepaid card specialist Blackhawk Network has agreed to launch “Gift Card Malls” inside airport and casino shops operated by WH Smith North America. Three unnamed central banks are testing a method from international money-transfer platform Swift to enable interoperability …
Read More »
September 12, 2023
Acquiring, Competitive Strategies, Debit Cards, Digital Currency, E-Commerce, Mobile Commerce, Mobile Wallets, Transaction Processing
In an expansion of its existing processing relationship with PayPal Holdings Inc., ride-sharing technology provider Uber Technologies Inc. will begin making use of PayPal’s domestic debit network routing in the United States and other markets and enable Uber drivers to receive wages directly in their PayPal and Venmo wallets. PayPal …
Read More »
September 12, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Issuing/Originating, Mobile Commerce, Point-of-sale, Transaction Processing
Some 90% of businesses are “concerned” about whether they will be able to meet a March 2025 deadline for compliance with PCI DSS 4.0, a newly updated payments-security standard, according to a survey from payments-security firm Bluefin and S&P Global Market Intelligence. The survey was conducted during the second quarter and included …
Read More »
September 11, 2023
Competitive Strategies, Digital Currency, E-Commerce, Law and Regulation, Point-of-sale, Real-time Payments, Transaction Processing
The Federal Reserve seeks to work closely with private-sector instant-payment services and plans to carve out a regulatory role to govern developments in stablecoins, a top official at the Fed said Friday. The remarks come in the wake of the Fed’s launch in July of its FedNow real-time payments network. …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
