The explosive popularity of peer-to-peer payments has led to increasing complexity in dispute resolution. Here are some suggested improvements. For the better part of 40 years, payment types and the industry’s main players have remained relatively consistent. However, today’s payments landscape is experiencing significant change due to the rapid adoption …
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Unblocking the Blockchain
Digital currencies like Bitcoin have been beset for years by a limited user base and merchant indifference. As mainline players like Visa and PayPal create new services, is that about to change? Dust off any textbook on economics and you’ll find, buried somewhere in the early pages of the tome, …
Read More »Fintechs Take Aim at B2B Payments
Financial-technology service providers are out to disrupt business-to-business payments. But rather than displacing banks, fintechs are looking to make them their partners. From virtual cards to digital invoices with embedded payment links, financial-services technology providers are aggressively targeting business-to-business payments. Fintechs are pushing into the B2B space—which has long been …
Read More »Payments 3.0: The CFPB Is Gearing Up
Signs of the Covid-19 pandemic fading away include things like open restaurants, fully packed stadiums, and a return to travel. But for the financial-services industry, the real end of the pandemic may be signaled when regulators knock at the door. During the pandemic, the Consumer Financial Protection Bureau extended certain …
Read More »COMMENTARY: The Case for Integrated Payments Providers
If there’s a software need for your business—accounting, payroll management, lease portfolio management, and the like— then it’s likely your business is working with several different vendors at any given point during the working day. All the vendors you are working with won’t always be obvious, particularly if you’re working …
Read More »After a Covid Shutdown, a Florida Road Authority Revives Its Visitor Toll Pass Program
Fifteen months after suspending its popular Visitor Toll Pass program due to travel restrictions placed on tourists moving through Orlando International Airport during the Covid pandemic, the Central Florida Expressway Authority on Wednesday rebooted the program. The Visitor Toll Pass, which debuted in May 2019 and was suspended in March …
Read More »Paysafe Continues Its Push Into Online Gaming Via an Expanded Deal With FOX Bet
Paysafe Group Holdings Ltd. continued its push Tuesday into making processing online gambling transactions a larger part of its business by expanding a partnership with FOX Bet, a U.S. online and mobile sports-betting platform operated by Flutter Entertainment plc. Under the terms of the deal, which follows a deal earlier this …
Read More »Digital Channels Remain Popular for Bill Pay As Covid Fades, an ACI Study Finds
Consumers’ use of digital channels to pay bills continues to rise even as the Covid-19 pandemic begins to ease, according to a study by ACI Worldwide Inc. In looking at how consumers’ use of digital channels, such as Web sites and mobile apps, has grown during the first half of …
Read More »Blocked in Its Bid for Plaid, Visa Agrees to Acquire European Open-Banking Player Tink
In a deal that underscores the crucial importance of open banking in payments, Visa Inc. early Thursday said it has agreed to pay $2.15 billion to buy Tink AB, a 9-year-old, Stockholm-based company whose network connects to 3,400 financial institutions throughout Europe. The agreement comes five months after Visa abandoned …
Read More »KyckGlobal Enables a Cash-Payment Option for Used-Car Dealers
Although the Covid-19 pandemic spurred many consumers to embrace digital payments, the need for cash acceptance— especially among merchants and lenders that service unbanked consumers—remains strong. To help fill that need, KyckGlobal Inc. on Tuesday announced a deal with Advanced Business Computers of America Inc. (ABCoA) to enable used-car dealers …
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