Payments News

On The Web

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Venmo and Cash App Want to Deliver Government Stimulus Payments

“Online payment services like Venmo and Cash App have exploded in popularity over the past few years, but they haven’t quite hit the legitimacy threshold, at least in the eyes of the federal government, of checks or direct deposit. They’re hoping to change that with the government’s new stimulus package, and are going on a […]
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Qatar Unveils National Mobile Payments System

“The Qatar Central Bank released specifications for a national QR code system, a project designed to increase financial inclusion and reduce the use of banknotes in the country. Its platform, named the Qatar Mobile Payment System, will be used for all common domestic forms of mobile payments including peer-to-peer transfer, retail payments, public transport ticketing […]
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Department Store’s Tough Times Continue: S&P 500 Index Drops Macy’s

“Macy’s is one of many retailers reeling from the COVID-19 outbreak, furloughing most of its 130,000 employees after closing its 800+ stores. But the effects also have hurt Macy’s status as a U.S. business power player: the department store is being removed from the S&P 500 Index. Macy’s will be replaced by air conditioning company Carrier Global, according to S&P Dow […]
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Fed Preparing to Finance New Small-Business Payroll Loans

“The Federal Reserve said Monday it would create a new program to finance loans that banks and other lenders make through the government’s emergency small-business lending program . The move will free up financial firms to make more loans guaranteed by the Small Business Administration’s Payroll Protection Program, part of a $2.2 trillion economic relief […]
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On The Wires

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Tipalti Introduces Tipalti Pi™ — Artificial Intelligence for Accounts Payable

“Tipalti , the leading global payables automation solution, today announced Tipalti Pi™, a continuously-adaptive, integrated payables intelligence engine throughout the Tipalti platform that employs AI and machine learning to make the entire payables process smarter. This technology, which is available automatically to all Tipalti customers, proactively identifies fraud and risk, eliminates AP process errors, improves […]
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ACI Worldwide Introduces New “Delay My Payment” Capability

“ACI Worldwide (NASDAQ: ACIW) announced new features within its market-leading ACI Speedpay solution—assisting businesses with the ability to address growing consumer bill payment needs and over-burdened call centers due to the COVID-19 pandemic. Part of a rapid response program, the ACI Speedpay solution offers billers both short-term and long-term options for consumers to digitally engage and […]