Payments News

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Industry

US Treasury Secretary Janet Yellen Pushes for Stablecoin Regulation by End of Year

“Stablecoins have been a hot topic both on and off Capitol Hill. Earlier today, U.S. Treasury Secretary Janet Yellen pushed for regulation during an annual testimony in front of the Senate Banking Committee, at a time where Terra’s algorithmic stablecoin UST struggles to retain its peg. “New products and technology may present opportunities to promote innovation […]
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Companies

EMVCo Announces Development of EMV® Contactless Kernel Specification to Simplify and Advance Global Contactless Acceptance

“Global technical body EMVCo has announced that it is developing an EMV Contactless Kernel Specification to simplify and advance global contactless payment acceptance. Following a detailed review with EMVCo Associates in February and March, a draft specification is now available on the EMVCo website for public review. EMVCo aims to release the final specification later […]
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Industry

Cryptocurrency and Its Role in Retail

“Cryptocurrency can feel like another language, but we’ve been here before. If you’re a business owner in the 1990s, you remember being urged to put up a website. It seemed like a potential waste of time: If a customer wanted to find you, they could use a phone book. Apps, artificial intelligence, delivery services — […]
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Industry

California Moves to Embrace Cryptocurrency and Regulate It

“California, which has a economy larger than all but four countries and where much of the world’s technological innovation is born, on Wednesday became the first state to formally begin examining how to broadly adapt to cryptocurrency and related innovations. Following a path laid out by President Joe Biden in March, Gov. Gavin Newsom signed […]
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Industry

Stablecoin Invasion – The Next Big Thing in Crypto?

“Cryptocurrency has been in the sights of the payments industry for more than a decade, but it still only just making its way into mainstream commerce.  One reason is volatility — the value of cryptocurrency is often driven by untamed speculation…This is where stablecoins come into play.  Stablecoins are designed to have a value that […]
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Industry

Buy Now, Pay Later: Flexible Payments for Inflationary Times, or a Road to Debt?

“Buy Now, Pay Later (BNPL) services offer flexible payment terms at a time when many of us are facing rapid inflation in the cost of living — and while there may be short-term relief, there are also long-term consequences to consider.  BNPL offerings are now plastered across thousands of e-retailer websites, including clothing stores, beauty […]

On The Wires

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Industry

U.S. Payments Forum Launches New Electric Vehicle (EV) Open Payments Working Committee

“The market for Electric Vehicles (EV) has grown exponentially in recent years. Building on this momentum, the U.S. government promised $5 Billion in federal funds over five years to create a nationwide network of EV charging stations. The U.S. Payments Forum today announces the launch of its Electric Vehicle (EV) Open Payments Working Committee in response to these […]