Sunday , December 15, 2024

Person-to-Person Payments

QuickCharge And Just Walk Out Tech and other Digital Transactions News briefs from 4/25/24

Quickcharge, a division of Transact Campus Inc., completed an integration of Amazon.com Inc.’s Just Walk Technology at St. Joseph’s Hospital in Tampa that enables employees to use their badges to pay for food and beverages. Payments processor Elavon said it is expanding a partnership in Europe with commerce-technology platform FreedomPay to include …

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Time Will Tell on How Soon Pay by Bank Goes Mainstream

Open banking, the ability for third-party developers to access financial data in traditional banking systems, as defined by Stripe Inc., may provide one component for a new payment type, at least one that has limited use today. Pay by bank, a payment method that enables an online payment without the …

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Mastercard’s Real-Time Canada Move and other Digital Transactions News briefs from 4/15/24

Mastercard Inc. said it is working with payments-technology platform VoPay to offer what the partners say will be near-real-time money-movement service in Canada. The service relies on Mastercard Move, a set of funds-transfer options. The Merchants Payment Coalition, which advocates for passage of the Credit Card Competition Act, cited the recent profits …

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PayPal And Venmo’s Visa+ Entry Could Aid Interoperable P2P Payments

Enrolling PayPal and Venmo into the Visa+ interoperable peer-to-peer payments system may help foster even more P2P transactions, an analyst says. Visa Inc. earlier this week announced the two P2P wallets from PayPal Holdings Inc. had been enabled in the United States for Visa+. Users can sign up for a …

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Wallets Aren’t Prepaid Cards, Says a Federal Judge in Opposing Fee Disclosure Rules From the CFPB

For the second time, PayPal Holdings Inc. has prevailed against the Consumer Financial Protection Bureau. This time, the case involved the Bureau’s effort to require PayPal to make disclosures regarding its fees associated with digital wallets. U.S. District Judge Richard Leon ruled Friday that wallets are not prepaid cards and …

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PayPal, Venmo Activate Visa+ and other Digital Transactions News briefs from 4/2/24

Visa Inc. announced PayPal and Venmo have activated Visa+, its interoperable peer-to-peer payments service that enables users in one P2P service to make a payment to another person using another network. Fintech Current and The Western Union Co. are expected to enable Visa+ next, Visa said. The service’s B2C payout capability has …

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AirAsia and Trip.com in Payments Collab and other Digital Transactions News briefs from 4/1/24

Travel platform Trip.com Group said it will work with Capital A Berhad, parent of the airline AirAsia, to support ticketing, payments, and other functions. Visa Inc. has been announced as a founding partner of Bay FC, a new Bay Area women’s professional soccer franchise in the National Women’s Soccer League. Dime Community Bancshares launched …

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Elavon Lands BMO And Other Digital Transactions News briefs from 3/14/24

Processor Elavon, a unit of U.S. Bank, said it will provide a payments platform to BMO. In addition to payment services for credit, debit, and digital payment transactions, Elavon’s services to the bank include customized merchant processing services, omnichannel acceptance, fraud management, and dynamic and multi-currency conversion. Processor Stripe Inc. added support for Apple …

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PayPal Adds Tap to Pay on iPhone And Other Digital Transactions News briefs from 3/7/24

PayPal Holdings Inc. said Tap to Pay on iPhone is available for all Venmo business profile and PayPal Zettle users in the United States. Tap to Pay on iPhone enables merchants to accept contactless payments using an iPhone with no extra hardware, only a payments app. The service had been in …

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CFPB’s New Card Late Fees Cap and other Digital Transactions News briefs from 3/5/24

The Consumer Financial Protection Bureau finalized a rule that caps late fees on credit card payments to $8, down from a typical $32. The rule goes into effect 60 days following its publication in the Federal Register. Other provisions include ending automatic annual inflation adjustment on the fee and requiring larger card …

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Digital Transactions