Payments News

On The Web

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Companies

Apple to Launch First Online Store in India Next Week

“Apple Inc will launch its first online store in India on Sept. 23, the iPhone maker said on Friday, coinciding with the country’s holiday season that brings some of the biggest sales for retailers every year. Apple sells its products in India through third-party vendors and e-commerce operators such as Amazon.com Inc’s Indian unit and […]
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Companies

Google is Rolling Out a Simplified Google Pay App for Android

“Google is rolling out a new update to the Google Pay app on Android that redesigns the mobile payments app. The new design strips the app of its lower bottom tab menu and moves all options to the hamburger menu (yes, Google’s shifting a focus on that after shifting away from hamburgers for the past […]
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Companies

Apple Would Have to Share Payment Tech Under Rules Mulled by EU

“The European Union is considering new rules that would likely require Apple Inc. to give competitors access to payments technology inside its iPhones. The new laws would prevent mobile device manufacturers from limiting access to near-field communication technology embedded in smartphones and other devices such as smartwatches, according to documents obtained by Bloomberg. NFC technology […]
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Companies

Apple’s Subscription Services Bundle Is Already in Hot Water

“Just hours after the reveal of Apple’s new services bundles , the tech giant has already taken criticism for evidently favoring its own apps over those with which it directly competes in its App Store.    Apple’s long-rumored push into services bundles comes as little surprise for a number of reasons. One is that some of […]
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Companies

Square Payroll Brings Faster, More Flexible Money Movement With Launch of On-Demand Pay and Instant Payments

“Today, Square announced the launch of two new features that enable Square Payroll customers and their employees to more easily and effectively manage their cash flow: On-Demand Pay for employees, and Instant Payments for employers. The new offerings, which leverage Square’s Seller and Cash App ecosystems, represent a major milestone in providing employees and employers […]

On The Wires

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Companies

Nacha’s Payments Innovation Alliance Releases Two New Resources Focused on Voice Payments and Pandemic-Related Cybersecurity Best Practices

“In its continued efforts to shape the future of the payments industry and to develop thought leadership relevant to financial services, Nacha’s Payments Innovation Alliance released two new resources specific to voice payments and cybersecurity. The Alliance, a membership organization, brings together diverse, global stakeholders – including financial institutions, solution providers, corporates, and more – […]
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Companies

Delivering Instant, Frictionless Payments and Securities Processing

“Over the next two years and beyond, we will fundamentally transform payments and securities processing, retooling cross-border infrastructure as part of a new strategy approved by our Board.  This strategy will enable the world’s financial institutions to deliver instant and frictionless end-to-end transactions. We will expand beyond financial messaging to provide comprehensive transaction management services. […]
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Companies

Mastercard Pledges $500 million to Help Close Racial Wealth and Opportunity Gap for Black Communities Across America

“Furthering longstanding financial inclusion efforts to bring more people and small businesses into the digital economy, the company will bring equitable financial tools, investment and partnerships to cities across the U.S.In its sustained efforts to build a more inclusive global digital economy, Mastercard is investing $500 million in Black communities over the next five years. This commitment includes […]
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Companies

Square Report Reveals How Much the Pandemic Has Accelerated the Digital Economy

“Today, Square, Inc. (SQ) released a new report that highlights how the onset of COVID-19 has affected global commerce and payments behavior. This is the third installment of Square’s Making Change series, which examines whether or not we’re headed towards a cashless society. In February 2020, just 5.4% of Square sellers across the US were […]