Payments News
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Companies

Fed to Hold Facebook’s Crypto Coin to ‘High’ Bar: Powell

June 26 2019

“The U.S. Federal Reserve is looking carefully at Facebook’s planned cryptocurrency Libra, and will hold it to high standards regarding protecting consumers and regulation, Federal Reserve Chairman Jerome Powell said on Tuesday. “Libra’s a new thing; we are looking at it very carefully,” Powell said in response to an audience question after a talk at […]

On The Web

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Companies

Banks Stay on Sidelines for Facebook Coin After Apple Pay Struggle

June 24 2019

“The Libra Association, the governing body for the coin, is in talks with lenders around the world to join its ranks. Banks are mostly keeping their distance after seeing tepid consumer reaction to digital wallets such as Apple Pay and regulatory scrutiny of digital currencies.    “If Facebook is able to create mass adoption on […]
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Companies

Razer Goes Big on Payments With Visa Prepaid Card

June 24 2019

“On Monday, Razer, the Singapore-based company best known for its gaming laptops and peripherals, announced a partnership with Visa to develop a Visa prepaid solution. The service, which allows unbanked users to top up and cash out easily, will be available as a mini program embedded in Razer Pay, the gaming company’s mobile payments app. […]
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Companies

Businesses Can Now Accept PayPal Through Google Pay in 24 Countries

June 21 2019

“To this end, Google notes that Google Pay users can automatically choose their PayPal account at checkout so long as the merchant has added PayPal to their Google Pay integration. For buyers, this confers the benefits of fewer steps and PayPal’s Purchase Protection and Return Shipping coverage. As for merchants, they’ll continue to get PayPal […]
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Companies

Walmart Now Accepts SNAP for Online Grocery Orders at All 2,500+ Pickup Locations

June 25 2019

“Walmart has been working to address the needs of low-income shoppers for some time. More recently, it’s been introducing new ways to serve customers on public assistance. In fall 2017, the retailer began a small test allowing customers to pay for online grocery orders using their SNAP (Supplemental Nutrition Assistance Program) benefits — more casually […]
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Companies

Regulators Have Doubts About Facebook Cryptocurrency. So Do Its Partners.

June 26 2019

“One of the biggest selling points of Facebook’s ambitious plans for its new cryptocurrency, Libra, was that the social media company had 27 partners, including prominent outfits like Visa, Mastercard and Uber, helping out on the project. But some of those partners are approaching Libra warily. They signed nonbinding agreements to join the effort partly […]

On The Wires

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