Apple Inc.’s sneak peek at its iOS16 operating system on Monday included the news that the new version will include Apple’s widely expected entry in the hot buy now, pay later market. Available in the U.S. market, Apple Pay Later will be accepted at all places that take Apple Pay …

Despite a persistent shortage of microchips, global shipments of contactless cards hit the 2-billion mark for the first time in 2021, totaling 2.63 billion for the year, according to the Smart Payment Association, a Munich-based trade group.  Propelling the surge was the shipment of an additional 269 million contactless cards …

Square intrigued the payments industry a decade ago when it emerged to provide small sellers with a simple dongle they could attach to a mobile phone to accept card payments. Now Square says it’s moving to the next step. The company announced Thursday that later this year it will adopt …

The drive to achieve mainstream merchant acceptance of cryptocurrency received a boost Thursday as Shopify Inc. and DePay, a Swiss blockchain payments platform, teamed up to enable consumers to send direct payments to Shopify merchants’ wallets.  Shopify will leverage DePay’s blockchain to enable merchants to receive any preferred tokens, with …

The financial stresses brought on by inflation and other after-effects of the pandemic are starting to damage consumer satisfaction with payments apps, according to the results of a series of J.D. Power surveys, results of which were released early Thursday. Indeed, consumer satisfaction seems to be dropping even as app …

Since going public a year ago, Payoneer Global Inc. has been capitalizing on its capabilities in key cross-border payments capabilities, including direct transfers and mass payouts. Its reach now includes big international online marketplaces with its announcement early on Wednesday that it will process payments for merchants selling on SEAGM, …

For all its resources, the payments company faces a growth problem it may not be able to solve on its own. This is a story about PayPal, one of the most trusted brands in e-commerce. It’s been one of the most trusted brands in e-commerce for decades. Today, it’s fastest-growing demographic …

Questions abound about factors like adoption and technical requirements. But staying on the sidelines is not a wise option. Bringing the U.S. payments industry into line with that of other advanced economies such as the United Kingdom and Europe has been a priority for the Federal Reserve, and next year …

Consumers may not know what open banking is, but they sure like what it does. And the technology hasn’t even hit its stride yet. From real-time account verification and money movement to apps that provide lenders and landlords an up-to-the-minute overview of an applicant’s credit history, open-banking technology is the …

First came contactless. Now, transit payments are gaining the account-to-account advantage, and with it more flexibility for riders and insight for operators. Long heralded as a key factor in spurring contactless payment adoption, transit-payment programs are fully embracing the technology. Yes, the Covid-19 pandemic was a key instigator in this …