Payments News

On The Web

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Deals

EXCLUSIVE: Goat and Gucci CEO invest in resale platform Grailed

“Grailed, the curated menswear resale platform offering brands from Supreme to Saint Laurent, has secured $60 million in a new funding round led by larger sneaker resale rival Goat Group, alongside smaller investment from Groupe Artémis, the investment fund of Kering’s Pinault family and Marco Bizzarri, the Gucci CEO, who has invested personally.”
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Providers

Big Credit Card Issuers Make Their Moves in Buy Now/Pay Later

“Credit card heavyweights, which long showed little angst about buy now/pay later competitors, are starting to acknowledge the need to match the offers from those upstart firms. In recent days, a few major card issuers have either announced new BNPL offerings or signaled that they are closer to doing so. Their products are poised to […]
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Systems

U.S. Cash Payment Kiosks Rise Despite Digital Age

“City governments nationwide are joining a trend to make more cash payment options available to consumers looking to pay their bills, with Chicago undertaking a significant expansion and New York installing new kiosks for the first time next month. Cities take in more income when consumers have additional ways to pay for parking tickets and […]
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Systems

Treasury to Flag Stablecoin Perils as U.S. Readies Clampdown

“Treasury officials have identified what they believe are the most urgent risks posed by Tether and other stablecoins as they ready recommendations for stricter oversight of cryptocurrencies.  Ensuring investors can reliably move money in and out of tokens is a top concern for officials crafting a policy framework set to be released in the coming […]
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Tech

JPMorgan to Launch Digital Bank Chase in Britain Next Week

“JPMorgan (JPM.N) is set to launch its big assault on British high street banks and online lenders from next week, with the launch of its long-planned digital retail bank Chase. The venture – JPMorgan’s first overseas retail bank – is set to launch its smartphone app initially offering current accounts on Tuesday, a JPMorgan spokesperson […]
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Systems

Dwolla Partners With Metromile to Enable Digital Insurance Claims Payments

“Seeking to improve the customer experience for insurance-claim payments, Metromile Enterprise Solutions LLC, an automated insurance-claims payments platform, is partnering with payment processor Dwolla Inc. to enable digital payments. With the Dwolla integration, insurance companies using Metromile’s Streamline platform can send claims payments in real time using The Clearing House Payment Co.’s RTP Network. Other […]

On The Wires

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Standards

EMVCo Publishes Guidance for EMV® 3-D Secure Transactions to Utilise EMV Payment Token Data – EMVCo

“Global technical body EMVCo has published new resources to help card issuers and merchants to optimise the EMV® 3-D Secure (EMV 3DS) authentication experience for online shoppers when EMV Payment Tokens are in use, enhancing the fraud-prevention benefits that EMV 3DS provides. EMV Payment Tokens are used across the payments ecosystem to increase the security of […]
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