Buy now, pay later loans are extremely popular, especially among Millennials and Gen Zers, because the loans give them more purchasing power, and they can spread out the payments, usually without having to pay interest.  Yet, despite the immense popularity of BNPL loans, evidence is emerging that consumers with multiple …

Lost in much of the conversation about digital payments, particularly since the onset of the pandemic, is what to do about the cash merchants take in. The Brink’s Co., which has been hauling and securing cash since 1859, says it has an answer, and on Tuesday it announced it also …

The boom in iGaming—online poker and casino games—and sports betting is generating big potential for payments companies. Can they cash in? Payments companies looking for new markets might wager on the online sports betting and casino games market. It could reap big dividends, especially as more states allow these forms …

The pandemic has lent momentum to a number of trends in digital payments, but one of the biggest is the buy now, pay later option. The installment plan isn’t new, but providers have offered it as a way of giving merchants another payment channel as Covid-wary consumers crowded online. With …

The “digital first” world has arrived—and there’s no turning back. While B2B payments have lagged behind consumer payments in digital adoption, that’s changing quickly. Goldman Sachs Research has predicted that B2B payments are on the verge of a technological breakthrough, leading to a $1.5 trillion revenue-saving opportunity by 2028.  One …

E-commerce sales increased 11% in the Nov. 1 to Dec. 24 period compared to the same time last year, and were up 61.4% from the same time in 2019, according to the latest Mastercard SpendingPulse report.Fintech Aizen Global Co. Ltd. said it is working with BNY Mellon to develop banking-as-a-service for banks and …

The share of payments claimed by the automated clearing house rose faster in 2020 than the share for cards, while checks dropped markedly. All the while, the share of payments claimed by cards, which had been steadily on the rise for years, flattened out. And while contactless transactions did rise …

A new competitor in the peer-to-peer payments landscape emerged Wednesday with the introduction of CHUCK, an open-loop P2P network founded by 10 community banks. The new network uses technology from digital payments platform provider Payrailz that enables customers of any of the member banks to send money to a debit card …

Fingerprint Cards AB early Wednesday said it has agreed to provide iris-recognition technology to Mantra Softech India Pvt Ltd., said to be the largest provider in India of biometric devices and sensors. Terms of the multi-year contract were not disclosed. Under the terms of the deal, Mantra will deploy the …

The move toward cashless sports stadiums continues to accelerate. UBS Arena, home of the National Hockey League’s New York Islanders, has contracted with Fiserv Inc. to install Clover point-of-sale hardware and Bypass point-of-sale software to enable digital and contactless payment options throughout the venue.  UBS Arena will deploy more than …