Category: E-payment & Security

July 25, 2024

Open finance is transforming the financial services sector, extending data sharing and interoperability to a wider range of products and services. With technology at its center, open finance is creating an inclusive, innovative, customer-centric financial ecosystem, and the payments space […]

July 16, 2024

Even as innovations like digital wallets usher in a new era for the payments industry, an older form of payment seems to be growing in popularity: prepaid cards, a category that includes gift cards, payroll cards, and cards that consumers can […]

July 15, 2024

With the increasingly 24/7 role of treasurers in mind, Bank of America is tackling payments pain points to modernize its CashPro digital banking platform that is used by about 40,000 companies and corporations. The Charlotte, North Carolina-based bank said it rolled out a new capability this […]

July 15, 2024

The tips from Mastercard come as the industry faces a surge in fraud. In April, the Consumer Financial Protection Bureau released a report indicating that credit card complaints rose 38% year over year, some of which involved credit cards being fraudulently […]

July 8, 2024

Klarna’s partnership with Adobe Commerce builds upon the buy now, pay later platform’s previous efforts to draw more customers amid a challenging economic climate. Earlier this year, the company introduced a subscription service that would allow customers to pay a monthly charge […]

July 1, 2024

With more businesses thinking about adding buy now, pay later to their suite of payment options, payments company Stripe decided to look into the issue. In order to gauge the impact of BNPL, Stripe looked at 150,000 payment sessions and […]

June 20, 2024

The research report from the council adds context to the adoption of faster payments and authorized transaction fraud problem. The council’s board includes representatives from a variety of payments players, including the mega-retailer Walmart, card network Visa and the interest […]

June 13, 2024

Cupertino, California-based Apple launched its own “pay-in-four” service, called Apple Pay Later, in March 2023. Roughly one-fifth of BNPL customers had tried the offering by July 2023, according to a J.D. Power report. The tech giant then began sharing data on the […]

June 7, 2024

The Consumer Financial Protection Bureau laid more groundwork Wednesday for its open banking rule, inking the qualifications necessary for the industry’s eventual standard setters, which will include consumer groups, app developers and financial companies. Wednesday’s rule identifies the qualities such […]

June 6, 2024

New York State lawmakers are negotiating three different proposals to regulate the buy now, pay later industry, in an attempt to pass legislation before the end of the session on Thursday, said Paul Alexander, legislative director for State Sen. James […]

June 4, 2024

Payment apps or services led other methods, including credit and debit cards, in terms of losses cited in the consumer fraud reports last year. Median individual losses for that category were $380, ahead of credit cards at $136 and debit […]

May 31, 2024

“Mastercard continues to invest in its technology, standards and partnerships to bring safe, simple and secure payments to the forefront,” Walter Pimenta, Mastercard’s executive vice president of product and engineering in Latin America and the Caribbean, said in the release. […]

May 29, 2024

The use of alternative payment methods like digital wallets — an app on a consumer’s phone that lets them immediately access various payment methods — skyrocketed between 2023 and 2024, according to research from J.D. Power. The firm found that […]

May 28, 2024

A spokesperson for Visa didn’t immediately respond to a question about when the card network’s pay-by-bank services would start in the U.S. While Visa’s business has long turned on its card services, the San Francisco-based company is increasingly branching out […]

May 20, 2024

The Federal Reserve has a critical role to play in setting standards for the rapidly evolving world of payments, Fed Governor Christopher Waller emphasized in a speech last week. In speaking to the International Organization for Standardization’s committee for financial […]

May 6, 2024

One of the best ways to accelerate business growth is through adopting a strategic approach to payment processing. For e-commerce merchants, this is where payment optimization comes into play. “Payment authorization rates range from the 60s to mid-90s, depending on […]

April 30, 2024

The payments industry must jointly develop a common set of standards for using real-time payments if the new transaction type is to become a reality for consumers, top payments executives from JPMorgan Chase and Walmart said on a Payments Dive […]

April 26, 2024

Last June, DoorDash began accepting SNAP EBT payments for on-demand delivery of eligible grocery items, enabling retailers on its platform like Meijer, Safeway, Albertsons and Aldi to accept SNAP payments via DoorDash’s app. Since then, more than 1.1 million shoppers […]

April 24, 2024

Fintech One, which partners with Everett, Washington-based Coastal Community Bank for banking services, is led by Goldman Sachs veterans Omer Ismail and David Stark. In 2022, One began offering banking services to Walmart’s 1.6 million U.S. employees and some of […]

April 19, 2024

In the realm of digital assets, Artificial Intelligence (AI) stands out as a transformative catalyst. Characterized by the application of sophisticated algorithms and computational models, AI significantly influences the landscape of cryptocurrency analysis. This exploration delves into the intricate interplay […]