Payments News

On The Web

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Systems

Twitter Accelerates Again With Bitcoin Tips, NFTs, Recorded Spaces, Creator Fund and More

“Twitter’s slate of new product announcements is not slowing down. The company today introduced a number of new initiatives aimed at better serving the conversations and community using its platform, including support for tipping with crypto, NFT authentication, and plans for other experiments designed to provide more context about a conversation to those just joining […]
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Systems

The U.S. Is Losing the Global Race to Decide the Future of Money

“Already having conducted more than $5 billion in e-renminbi transactions, China has opened its digital currency up to foreigners. Next year, when Beijing hosts the Winter Olympic Games, authorities are expecting to let the world test drive its technological achievement. The U.S., by contrast, is having trouble even concluding its multi-year exploration into the possibility of an […]
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Systems

U.S. Cash Payment Kiosks Rise Despite Digital Age

“City governments nationwide are joining a trend to make more cash payment options available to consumers looking to pay their bills, with Chicago undertaking a significant expansion and New York installing new kiosks for the first time next month. Cities take in more income when consumers have additional ways to pay for parking tickets and […]
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Systems

“The survey shows that while the issue of European countries developing autonomous central bank digital currencies (CBDC) independently of the EU “drew a mixed reaction”, support for the idea is strongest in Italy (backed by 41% of respondents), Greece (40%), Estonia (39%) and Spain (37%). The Netherlands was the only country where the percentage of […]
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Systems

U.S. Cash Payment Kiosks Rise Despite Digital Age

“City governments nationwide are joining a trend to make more cash payment options available to consumers looking to pay their bills, with Chicago undertaking a significant expansion and New York installing new kiosks for the first time next month. Cities take in more income when consumers have additional ways to pay for parking tickets and […]
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Systems

Treasury to Flag Stablecoin Perils as U.S. Readies Clampdown

“Treasury officials have identified what they believe are the most urgent risks posed by Tether and other stablecoins as they ready recommendations for stricter oversight of cryptocurrencies.  Ensuring investors can reliably move money in and out of tokens is a top concern for officials crafting a policy framework set to be released in the coming […]
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Systems

Dwolla Partners With Metromile to Enable Digital Insurance Claims Payments

“Seeking to improve the customer experience for insurance-claim payments, Metromile Enterprise Solutions LLC, an automated insurance-claims payments platform, is partnering with payment processor Dwolla Inc. to enable digital payments. With the Dwolla integration, insurance companies using Metromile’s Streamline platform can send claims payments in real time using The Clearing House Payment Co.’s RTP Network. Other […]

On The Wires

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Systems

J.P. Morgan Supports Alipay to Provide Card Payment Services for Alibaba.com in the U.S.

“Today, J.P. Morgan (NYSE: JPM) announced it went live with credit card payments processing for Alibaba.com, the B2B business unit of Alibaba Group (NYSE: BABA). Working together with Alipay, a leading digital life services platform operated by Ant Group, J.P. Morgan Merchant Services, the #1 payments processing provider in the U.S. according to Nilson, now powers payments […]
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Systems

Silicon Valley Bank and Plaid Partner to Provide Secure and Efficient Tokenized Payment Solutions

“Silicon Valley Bank , the bank of the world’s most innovative companies and their investors, and Plaid , a data network powering the digital financial ecosystem, today announced a partnership to allow clients to instantly authenticate bank account information with Plaid and securely generate payments via a tokenized payment solution. SVB is the first bank […]
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Domains

BNY Mellon, Citi and Verizon Launch Real-Time Bill Pay for Retail Customers in Market First

“BNY Mellon and Citi have collaborated with Verizon to be the first company to send request-for-payment messages to consumers who bank with Citi. When using BNY Mellon’s new Real-Time E-Bills and Payments functionality, Verizon customers with Citibank accounts can pay their bills immediately, at any time of day, 365 days a year, and enjoy greater […]