Cryptocurrency has taken a beating in the headlines ever since the FTX scandal broke last fall. But last month it got much worse as a trio of banks known for their crypto-friendly lending collapsed, sending shock waves through the larger economy. The fate of Silicon Valley Bank was especially egregious, …

Account-to-account payments is becoming a growing force in the payments landscape, totaling $525 billion in global e-commerce transaction value in 2022, up from $463 billion in 2021, a 13% increase, according to the FIS Global Payments Report 2023. The volume was funneled through about 70 real-time payment schemes providing high-speed …

While the growth in buy now, later loans is prompting card issuers to enter the fray, one challenge they face is creating awareness, as card issuers do not make their BNPL offerings available at the point-of-sale. This is unlike BNPL specialists such as Affirm Holdings Inc., Klarna AB, and Sezzle …

With a rapidly growing market, increased competition, and more ways to advance than ever on the front end, payments organizations around the world are finding it hard to keep up with changing consumer demands. The success of the industry, although often celebrated, does not negate the sheer pressure that back …

Processors are hoping to tap commerce, and hence payments, in the world of virtual reality. But as the metaverse keeps evolving, what kind of payoff can they expect?  If you’re aware of the metaverse but are not exactly sure what it is and how commerce in it will work, you’re …

Astra Inc., a provider of bank-to-bank transfer technology for financial institutions, fintech startups, and enterprises, announced late Thursday that fintech developers have processed more than $100 million of annualized gross payment volume and 650,000 in real-time transfers through its Instant Payment solution since May. Instant Payment leverages Visa Direct as …

With the launch of the Federal Reserve’s FedNow real-time payment service expected by mid-year, payments players are lining up clients to take advantage of the service. The latest is Pidgin Inc., a startup payments platform specializing in supporting financial institutions. The Atlanta-based company early Tuesday announced that Community Bankers’ Bank …

Point-of-sale technology provider Ingenico is working with buy now, pay later specialist Splitit to offer BNPL at the physical checkout using Ingenico’s payments-platform-as-a-service technology. Block Inc.’s Afterpay buy now, pay later service said it will enable access for users to New York Fashion Week beginning Feb. 11 and running for four days. Afterpay is …

When six powerful payments companies separately merged into three organizations in 2019, it signaled that one end of the payments spectrum had dramatically shifted. But the actual payoff seems to have been inconsistent. Think about the before time. Before the pandemic. Before the lockdowns. Before the cliff-dive of in-store payments. …

Block Inc.’s Cash App unit says it is attempting to make it easier for consumers to salt away money with the introduction of Cash App Savings. The new feature allows Cash App users to deposit savings into a separate account within the app, build additional savings by rounding up their …