The case for the Fed running digital dollars is at best unclear, at worst unwise. Like many central banks, the Federal Reserve has been studying, and socializing, the idea of issuing digital currency, which in some form might be held and used by individuals, firms, banks, and other central banks. …

Payments companies should make simplicity of use a big bet when courting iGaming providers. Everyone, especially those placing bets online and hoping to win big, wants a smooth payment experience. Online gaming providers are no different. They want their customers to easily fund their betting accounts and have a simple …

As proponents and adversaries wrangle over the newly resurrected Credit Card Competition Act, a market-research firm has raised by more than one-third its estimate of how much the bill could save U.S. merchants. A year ago, the firm, Atlanta-based CMS Payments Intelligence Inc., calculated the bill would result in $11 …

That’s a good thing, though it’s important to understand the potential drawbacks of instant payments. By 2025, the majority of financial transactions will be settled in real time. There’s good reason for this prediction. Merchants and customers are demanding faster ways to pay or collect funds, and larger companies, as …

Technology shifts responsibilities to us, the people. Not long ago we called a travel agent to book a flight. We stood in line at the bank, to get the teller to move some funds. Today more of us store money in a phone, and rely on reputable ciphers to do …

FedNow, the nation’s second real-time payments network set to debut in late July, says 41 financial institutions, 15 service providers, and the U.S. Department of the Treasury will be ready to send and receive transactions. All 57 have completed certification and testing for FedNow. The Federal Reserve said in 2019 …

On Saturday, a final rule issued in October by the Federal Reserve goes into effect, requiring that all issuers offer a choice of at least two networks for routing online debit card transactions. The update, derived from the 2010 Durbin Amendment, has been a bone of contention for years between merchants and issuers. …

Visa Inc. said Wednesday it has struck a definitive agreement to acquire Brazilian financial and payments processor Pismo Soluções Tecnologicas Ltda. for $1 billion in cash. The deal strengthens Visa’s presence in fast-growing Latin America and gives it access to technological services that can be taken abroad. Founded only in …

Mastercard Inc., working with Subaio, which offers a subscription management service for banks, launched a subscription control service to make it easier for consumers to identify and unsubscribe from recurring payments via banks’ apps and online access. The move comes after the Federal Trade Commission proposed a rule that would require sellers …

The explosive potential that lies in recent advances in artificial intelligence is beginning to be felt in the payments business as banks and fintechs search for ways to wring intelligible trends and operational improvements out of enormous masses of data. The nascent trend toward AI in payments was underscored by …