Sunday , January 12, 2025

Mobile Wallets

Plaid Collaborates with Ansa and other Digital Transactions News briefs from 10/8/24

Open-banking platform Plaid is collaborating with digital-wallet provider Ansa to offer a pay-by-bank capability to restaurants and other merchants, with wallet transactions handled via the automated clearing house. Payments-technology platform Modern Treasury launched widened support for connectivity to FedNow and The Clearing House’s RTP network for real-time payments, as well as other moves to …

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How BP Hopes to Boost User Touch Points With Its New Loyalty App

Oil and gas giant BP plc early Monday launched a loyalty app called earnify, which enables BP customers to earn rewards points for fuel and in-store purchases at BP and Amoco locations. App users earn 1 point per $1 spent on fuel and 2 points per $1 spent on other …

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Research Pins Down How Soon Real Time Payments Will be Routine

With the Federal Reserve’s FedNow service having debuted in July last year and The Clearing House Payments Co.’s  RTP network in operation since 2017, just how soon can the U.S. payments industry expect widespread, routine exchange of real-time transactions? Answers to that question are beginning to emerge. According to a …

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How Visa And Swift Are Plunging Deeper Into the World of Digital Currencies

Payments companies may not yet be ready to embrace fully the world of blockchains, but some major payments networks are taking steps to deepen their experience in the world of digital currencies. Witness Visa Inc., which early Thursday said it will help banks issue tokens they create on a blockchain. …

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Eye on E-Commerce: Paze at 125 Million Cards; Klarna Becomes an Apple Reseller

Paze, the online checkout service from Early Warning Services LLC, says more than 125 million credit and debit cards are now available to use with the e-commerce checkout tool as the service taps a new general manager. Also, buy now, pay later specialist Klarna AB has become an Apple Inc. …

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PayPal Updates Its User Agreement to Collect More Personalized Information

Beginning next summer, PayPal Holdings Inc. will begin sharing more personalized shopper information with merchants, as outlined in its recently updated PayPal Privacy Statement. Data such as products, preferences, sizes, and styles will be shared with merchants to “help improve your shopping experience and make it more personalized for you,” …

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PrePass Marks Integration and other Digital Transactions News briefs from 9/30/24

PrePass, a platform for highway toll payments, said its services can be accessed via an integration with the Motive Marketplace, a platform featuring artificial-intelligence capabilities. A survey of 2,600 consumers in the U.S. market and in seven other countries revealed 61% have cut back on using digital payments or otherwise changed their …

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Wero Ramps Up As a European Account-to-Account Payments Provider And Heads to the Point of Sale

European banks are beginning to roll out a new digital wallet called wero that initially provides account-to-account payments and is expected to be expanded to retail payments as well. If so, wero could prove to be a competitive threat to Visa Inc. and Mastercard Inc., which dominate European payments, raising …

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Strava Teams With Cash App and other Digital Transactions News briefs from 9/27/24

Strava, an online community for athletes, said it is working with Block Inc.’s Cash App unit to launch this year’s HBCU Homecoming Tour, which features running events at U.S. universities. The Consumer Financial Protection Bureau is reportedly seeking comment on Apple Inc.’s practices with respect to contactless payments as the regulator works on …

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AppBrilliance Teams With Wallet Factory to Bring Real Time Payments to Digital Wallets

AppBrilliance Inc., a provider of real-time payments, has partnered with digital-wallet solutions provider Wallet Factory to enable real-time payments on Wallet Factory’s platform. Wallet Factory will use AppBrilliance’s Money API to enable payments on closed-loop digital wallets via The Clearing House’s RTP and the Federal Reserve’s FedNow networks. AppBrilliance launched …

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Digital Transactions