PAYMENTS NEWS
Zip eyes Sezzle purchase as BNPL players consolidate
Jan 27, 2022
The Australian-based Zip and Sezzle, headquartered in Minneapolis, both confirmed they're talking about a possible acquisition. Zip has been on an acquisition tear worldwide.
Facebook’s Cryptocurrency Venture to Wind Down, Sell Assets
Jan 27, 2022
Diem Association is selling its technology to crypto-focused bank Silvergate Capital for $200 million
Klarna: ‘buy now, pay later’ firm to launch card in the UK
Jan 27, 2022
Klarna Card is the latest effort to rival major credit card firms and banks that offer consumer loans
Cryptocurrency finds itself in the sights of robust regulation
Jan 26, 2022
Depending upon who you talk to, cryptocurrency is all the rage, a Ponzi scheme or yet another energy-consuming scourge on the environment.
Buy Now, Pay Later Has Reshaped Holiday E-Commerce
Jan 26, 2022
Supply chain issues, Covid, rising prices and labor shortages all made for a challenging holiday shopping season for retailers. But if there was a bright spot to be found it was a recent buying trend that's quickly exploding in popularity: buy now pay later, also known as BNPL.
Fintech trends. Developments, technology and the search for new value.
Jan 26, 2022
Over the past 10 years a real revolution in finance has taken place. Infrastructure changed, the whole world moved to smartphones with accessible and cheap internet. It allowed hundreds of fintech companies to appear. Today, any new technology can be used to create financial solutions. But will software development alone affect the continued growth of fintech?
Fed defers to elected officials on issuing digital currency
Jan 24, 2022
The Federal Reserve released a long-awaited report examining the potential ramifications of issuing a digital version of the U.S. dollar, saying it would not create one without a clear directive from elected officials.
Money and Payments: The U.S. Dollar in the Age of Digital Transformation
Jan 20, 2022
For a nation’s economy to function effectively, its citizens must have confidence in its money and payment services. The Federal Reserve, as the nation’s central bank, works to maintain the public’s confidence by fostering monetary stability, financial stability, and a safe and efficient payment system.
Congressman’s Bill To Ban Fed’s CBDC Will Heat Up Debate
Jan 18, 2022
Last week, Republican Congressman Tom Emmer introduced a bill prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals.
Ford-Stripe Partnership Aims to Transform Cars Into Tokenized Wallets
Jan 18, 2022
Even before the pandemic, mobility loomed large as a key pillar of the connected economy. Now, as consumers embrace buy online, pick up in-store (BOPIS), mobile ordering at quick-service restaurants and a pivot towards electric vehicles (EVs), the stars are quickly aligning and putting the pedal to the metal for the future of commerce — literally.
Visa Acceptance Cloud Launches to Advance Payments for POS, IoT, Acquirers
Jan 14, 2022
Visa is rolling out a new platform to enable acquirers, point of sale (POS) manufacturers, and Internet of Things (IoT) leaders to move payment processing software from being embedded in devices to universally accessible in the cloud.
Merchant group prods Fed on debit routing proposal
Jan 12, 2022
The Merchants Payments Coalition took Fed Chairman Jerome Powell's appearance before Congress this week as an opportunity to call out the central bank's slow-moving review of a debit routing proposal.
Experian, TransUnion bringing buy now/pay later loans into credit reports
Jan 11, 2022
Buy now/pay later lending has sparked worries about mounting consumer credit risk, and part of the issue is the lack of data available to other lenders.
Financial Services Firms Aim for Network Modernization in 2022
Jan 5, 2022
Edge computing, Web3 and software-defined networks are among the priorities, IT leaders say
Federal Reserve Payments Study (FRPS)
Jan 3, 2022
The Federal Reserve Payments Study: 2020 and 2021 Annual Supplements The 2020 and 2021 annual supplements collected data for 2019 and 2020, respectively.
NFTs, rewards, buy now/pay later: Front lines of payments in 2022
Jan 3, 2022
The wave of innovation that accompanied the pandemic is far from over. Already, the move to remote work and digital commerce has reshaped how people handle retail shopping, cryptocurrency, B2B payments and cross-border transactions.
CardX Wins Its Kansas Surcharging Suit. Surcharging Bans Remain in Only Three States
Dec 29, 2021
CardX LLC, a surcharging-services provider, can now add another state to the list of places where it can do business. A federal judge ruled Thursday surcharging cannot be prohibited in Kansas. The decision leaves just Colorado, Massachusetts, and Connecticut with outright no-surcharge rules on the books.
BNPL growth prompts change from credit bureaus
Dec 23, 2021
Paying in installments has become wildly popular, but many of these plans aren't reflected on consumers' credit reports. Credit agencies say adaptations are coming.
McDonald’s to Sell Digital Startup Dynamic Yield to Mastercard
Dec 22, 2021
Burger chain acquired startup in 2019 for more than $300 million, which was then its largest acquisition in decades