The yin and yang of political, and ferociously commercial, PayPal was vividly on display with its announcement last month of a massive price hike. The e-commerce phenom attaches itself to an array of woke causes but remains a wonderfully hard-nosed commercial enterprise, keen to be fully compensated for the enormous value …

Since PayPal’s launch more than 20 years ago, the peer-to-peer and digital-cash service industry has seen exponential growth, and with it, exponential amounts of fraud.  An estimated 70% of Americans use peer-to-peer and digital-cash services, and many turned to these products during the pandemic. However, in just the first four …

The history of payments in the last century has been a fascinating journey. From gold-backed paper currency to a fiat model that grew beside the convenient credit card system, the method in which we transact has always been reflective of society’s technological capabilities at that time. Even as late as …

The hotly competitive peer-to-peer payments market got even more crowded Tuesday with the entry of Payveris LLC, a digital money-movement platform provider. The new service, which Cromwell, Conn.-based Payveris expects will compete with the P2P stalwarts Zelle, Venmo, and Cash App, will enable real-time P2P payments over the debit card …

The consumer-payments industry is thriving. Last year, consumers embraced more payment methods than ever, a behavior that companies like Stripe (now valued at $95 billion ahead of a highly anticipated Wall Street debut) are banking on in a post-Covid world.  In fact, a recent Deloitte report tells us that, in …

Phishers trying to manipulate recipients of their ill-intended emails overwhelmingly target Microsoft Corp., according to the Brand Phishing Report for Q2 2021 from Check Point Software Technologies Ltd. Payment brands Chase, Apple Inc., and PayPal Holdings Inc. round out the report’s top 10 list for the quarter. The results indicate …

As banks, merchants, and fintechs scramble to win share in the payments business, they can easily lose sight of the fact that not all payments process properly. In fact, many don’t. Some two-thirds of organizations sustain more than 20,000 failed payments each day, while the toll taken globally by all …

Wireless connectivity at faster speeds and with more reliable service could be more widely available to the payments industry in as few as two years or less. Mastercard Inc. and Verizon Communications Inc.’s Verizon Business unit announced Tuesday morning they intend to work together to make 5G connectivity available in …

KyckGlobal Inc. on Monday added cross-border payment capabilities to its platform by partnering with Moneycorp, a London-based provider of foreign exchange and global payment services to individual and corporate customers.  The partnership will enable KyckGlobal to facilitate cross-border payments in more than 200 countries via wire transfers and international ACH transactions, …

Consumer usage of buy now, pay later has increased significantly over the last couple of years. Research from Auriemma Consulting Group Inc. reveals the number of debit card holders offered a BNPL option in-store or online increased more than 10 percentage points between the first quarter of 2019 and the …