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A2A Payments A Growing Force In Payments

Mar 23, 2023

Account-to-account payments is becoming a growing force in the payments landscape, totaling $525 billion in global e-commerce transaction value in 2022, up from $463 billion in 2021, a 13% increase, according to the FIS Global Payments Report 2023. The volume was funneled through about 70 real-time payment schemes providing high-speed payment rails, the report says.

White House Economic Report Shifts Stance on Crypto from Neutral to Negative

Mar 23, 2023

It’s increasingly looking like the fed is trying to put the crypto sector to bed.

Second Circuit rules that CFPB's funding is constitutional

Mar 23, 2023

A federal appeals court ruled Thursday that the Consumer Financial Protection Bureau's funding is constitutional, adding another twist to a separate challenge to the agency's funding that the Supreme Court has agreed to hear.

4D Chess in Card Payments

Mar 23, 2023

Least cost routing, the siren song of network tokenization, and the future of debit card payments

Standardization of Credit Reporting and Consumer Protection Will Help BNPL Scale

Mar 23, 2023

The exploding use of buy now, pay later (BNPL) needs to have some oversight governing that growth.

Curbside Pickup Pops 66% in US as Delivery’s Lead Erodes

Mar 23, 2023

As home delivery slowly loses its lock on getting online orders into the hands of consumers, the pickup economy is gaining, as we find in new research.

Data lakes: Key to the modern data management platform

Mar 23, 2023

Data lakes influence the modern data management platform at all levels. Organizations can gain faster insights, save costs, improve governance and boost self-service data access.

Why Mercedes Benz Is Building the Operating System for In-Car Payments

Mar 20, 2023

The idea of the car as a software platform on wheels is not new. The idea of the car as a commerce operating system is. Mercedes Benz, which traces its history to 1886 and Karl Benz’s creation of the first combustion engine in Germany, is developing an in-house eCommerce ecosystem, complete with its own operating system.

How to Fight Fraud While Still Enabling a Great Online Customer Experience

Mar 17, 2023

The digital economy and online shopping continue to grow at a rapid pace, as more and more consumers become comfortable transacting in a digital environment. However, with this rise in popularity comes a concurrent rise in digital fraud.

Meijer, Flashfood expand tie-up to include SNAP payments

Mar 16, 2023

Meijer has expanded its Flashfood partnership to accept SNAP benefits through the tech company’s app, making it the first grocer to do so, according to a Tuesday press release.

61% of Millennials Want Real-Time Payments — the Challenge Is Acceptance

Mar 16, 2023

Making digital payments has become an everyday process for millions of consumers worldwide, representing a giant leap in convenience, security and accessibility over traditional methods such as cash or payment cards. Simply having digital payments is not enough, however. More than ever before, speed differentiates a good payment experience from a bad one in the eyes of consumers.

FedNow instant payments platform will be live in July, central bank says

Mar 16, 2023

The Federal Reserve's long-anticipated instant payments system will go live in July.

Mastercard testing quantum computing for loyalty and rewards

Mar 10, 2023

The retailer loyalty market is massive — valued at about $142 billion, according to Research and Markets Global Loyalty report — creating a need for even more powerful computing to make the most of the customer data that's used to offer incentives.

Powell says wholesale digital dollar may bypass Congressional approval

Mar 10, 2023

On Wednesday, the US House Committee on Financial Services held a hearing with the Chair of the Federal Reserve, Jerome Powell. During this semi-annual monetary policy report, Mr. Powell said that a wholesale central bank digital currency (CBDC) might bypass Congress and be issued without approval. The Chair also noted that a CBDC is still years away.

Federal Reserve Setting Up New Squad of Crypto Specialists

Mar 10, 2023

Michael Barr, the Fed’s vice chairman for supervision, said the central bank is trying not to stomp on crypto innovation and sees the need for stablecoin controls.

House Republicans target the CFPB as the agency takes aim at ‘junk fees’

Mar 10, 2023

Members of the House Financial Institutions and Monetary Policy Subcommittee attacked the Consumer Financial Protection Bureau and its oversight of “junk fees” during a meeting analyzing the bureau’s regulatory policies.

Who Is Janice Eberly, Leading Candidate for a Top Federal Reserve Job?

Mar 10, 2023

Former Obama administration official has studied effects of Fed stimulus policies

Visa, Mastercard pause work on code to track gun purchases

Mar 9, 2023

Visa Inc and Mastercard Inc have decided to pause implementing a plan that would track transactions at firearms and ammunition stores.

North Texas Lawmakers File ‘Swipe Fee Fairness' Bills to Help Small Businesses

Mar 9, 2023

According to the Texas Restaurant Association -- which is supporting the measure -- the swipe fee fairness legislation will save Texas businesses over $587 million a year without creating any new costs for the government or Texas consumers.

Fed Chair Jerome Powell Says US will have Real-Time Payments “Very Soon”

Mar 9, 2023

Fed Chair Jerome Powell says the US will have real-time payments “very soon.” Moreover, Powell spoke on the potential integration of a CBDC that won’t arrive for “years,” whereas the implementation of real-time payments for all banks is realistically close.

The Merchant Advisory Group

Driving positive change and innovation in the payments industry that serves the merchants interest through collaboration, education, and advocacy.