With volumes rising fast in both e-commerce generally and in the buy now, pay later business, BNPL payments provider Klarna AB has made a play to secure its position in both markets. The company announced Friday it has acquired Hero Towers Ltd., a 6-year-old social-shopping service that lets consumers interact …

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 …

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, …

It has been fashionable in the payments industry to dismiss cryptocurrencies as exotic flora and fauna that can’t begin to compete with the sturdiness of, shall we say, real money. And indeed, the oldest crypto coins have been in operation now for more than a decade with little to show …

As the popularity of using quick-response codes for payment at the point-of-sale grows, the trend toward offering the technology to software developers and merchants has gained momentum and now includes small and mid-sized processors. Omnichannel payment gateway Cardknox Development Inc. on Monday became the latest processor to enter the fray, …

One way to boost mobile-wallet usage for functions like payments is to more tightly integrate the apps into users’ daily lives. Apple Inc. followed that script with its preview on Monday of an update for watchOS8, the brains behind its Apple Watch.  This fall, the refresh will allow users to …

As the veil of the Covid-19 pandemic begins to lift, consumers are beginning to resume some of their daily activities. One is returning to the office. While not all are doing this yet, the expectation is that mass-transit systems will soon see ridership bloom. One indicator is that Visa Inc. …

It’s May, and that means it’s time for our annual exercise to seek out and describe the nonbank players, apart from the big networks, that are rewriting the rules for the digital exchange of value. Since 2004, Digital Transactions has traced the course of payments innovation through its nimblest practitioners—the …

SME: Norman Marraccini, SVP, Head of Retail and Commercial Digital Payments Providing consumers options when they purchase and pay is how organizations can provide the best customer experience. COVID-19 has brought this idea to the forefront, with more and more consumers choosing to use technology such as mobile wallets, person …

OLB Group is the latest processor to support Quick Response codes as merchants look for ways to adopt contactless-payment options in the wake of the ongoing Covid-19 pandemic. OLB will support dynamic QR codes, which are generated in real time for each transaction, on its cloud-based OmniSoft business-management platform and …