Payments News

On The Web

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Systems

American Express Sees Higher Consumer Retail Spending

“American Express Co. said consumer retail spending improved in the third quarter, but spending on travel and entertainment remained substantially lower. Non-travel and non-entertainment spending—which made up about 70% of spending going into the pandemic—increased about 1% in the third quarter from a year earlier, Chief Financial Officer Jeffrey Campbell said in an interview Friday. […]
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Systems

$10 billion crypto firm Ripple considers relocating to London over U.S. regulation

“Ripple, the $10 billion financial technology company best known for cryptocurrency XRP, is considering relocating its headquarters overseas due to frustration with the U.S. regulatory environment. The San Francisco-based firm’s CEO Brad Garlinghouse, who says he visited London only last month, told CNBC that U.K. markets watchdog the Financial Conduct Authority doesn’t deem XRP a […]
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Companies

PayPal in Talks to Buy Crypto Firms Including BitGo

“PayPal Holdings Inc. is exploring acquisitions of cryptocurrency companies including Bitcoin custodian BitGo Inc. , according to people familiar with the matter, a move that would expand its embrace of digital coins. PayPal has been holding talks with BitGo, a company that helps investors store Bitcoin securely, and could reach a deal within weeks, the […]

On The Wires

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Companies

Early Warning and The Clearing House Complete Critical Integration Milestone of the Zelle® and RTP® Networks

“Early Warning Services, LLC. (EWS), the owner and operator of the Zelle Network®, and The Clearing House (TCH), the operator of the RTP® network, today announced that financial institutions can now settle Zelle payments over the RTP network, the real-time payment system in the United States. PNC Bank and U.S. Bank have successfully completed a […]
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Companies

American Express and Uber Expand Partnership to Introduce New Offerings for Platinum, Gold & Green Card Members

“American Express (NYSE: AXP) and Uber today announced an exclusive new offer for U.S. Consumer Platinum, Gold and Green Card Members and an Uber Cash benefit for Gold Card Members to bring their next at-home dining experience right to their doorstep and support the local restaurants in their communities. Starting today, U.S. Consumer Platinum, Gold […]
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Companies

Western Union Expands Real-Time Payout

Western Union, announced it has further expanded its global digital network for funds payout and increased the availability of real-time payouts, advancing the company’s goal of building the world’s largest funds collection and distribution network to meet the growing customer demand for transparency, immediacy, and reliability.
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Systems

Alacriti Announces Cloud-Native, End-to-End Solution for Real-Time Payments

“Alacriti , a fintech company specializing in payments today announced its Cosmos for RTP solution, powered by the Orbipay Platform. Cosmos for RTP enables banks and credit unions to quickly and seamlessly connect to The Clearing House’s RTP® network and deliver innovative real-time payment services to their customers. Alacriti’s solution allows financial institutions to rapidly leverage […]