Payments News

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Regulation

How Bernie Sanders Would Lower Credit Card Fees

“Sen. Bernie Sanders (I-Vt.) is teaming up with Rep. Alexandria Ocasio-Cortez (D-N.Y.) on a plan to cut the fees that Americans pay on their credit card bills. Sanders’ proposal, which he and Ocasio-Cortez unveiled on Thursday, is the Vermont senator’s answer to an economic concern that has also been highlighted by Sen. Elizabeth Warren (D-Mass.), […]
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Systems

Google to Allow Users to Pay for Android Apps Using Cash

“Today, the Android platform sees more app downloads than iOS, but Apple’s App Store continually dominates in terms of revenue . Now, Google is aiming to narrow the revenue gap by introducing a new way for users in emerging markets to pay for apps: with cash. The company today announced it’s launching “pending transactions,” which […]
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Systems

Trading Cryptocurrencies With Abra’s New App Just Became Easier

“The developers of Abra, one of the world’s largest global investment apps, have announced the integration of various enhancements to their trading platform for cryptocurrencies. The enhancements will reportedly make it easier to conduct cryptocurrency transactions. According to Abra’s press release (shared with Crypto Insider), the Abra app will feature several new options for US-based […]
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Systems

Flexa Will Let You Pay at Whole Foods Using Your Bitcoin

“A new payment network called Flexa is launching today that’ll let you spend cryptocurrencies in physical stores. The technology currently supports bitcoin, ether, bitcoin cash, and the gemini dollar, and it’ll work at retailers including GameStop, Nordstrom, Whole Foods, Caribou Coffee, Jamba Juice, and Crate and Barrel. The eventual goal for Flexa is to support […]
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Systems

Bitcoin Has Surged Above $8,000 and Theories Around Why Abound

“Bitcoin is now trading at around $8,130, up a whopping 60.84 percent over the past month, with the price surging $3,086.14 over the period. The cryptocurrency’s meteoric rise is reminiscent of its rocketing growth in the latter half of 2017, when prices reached over $18,400 on the back of buoyant capital markets, rampant speculation, and […]
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Regulation

Lack of Banking Options a Big Problem for Crypto Businesses

“Cryptocurrency companies shunned by banks often turn to shadowy middlemen for payment processing and other financial services. One of those companies is at the center of the mystery surrounding Bitfinex’s missing customer funds. Bitfinex, a cryptocurrency exchange that controls the popular digital currency known as tether, lost access to $850 million in customer funds after […]
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Systems

NACHA & Faster Payments Council Developing ‘Faster Payments Playbook’ | Credit Union Times

“NACHA’s Payments Innovation Alliance and the U.S. Faster Payments Council (FPC) have launched a partnership to develop an “educational and online decisioning platform” called the Faster Payments Playbook. Its objective is to help credit unions and other payments organizations create their own faster payments strategies by addressing developments in faster payments and identifying opportunities for […]
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On The Wires

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Systems

TCH-Press-Release-Avidia-Bank-Implements-RTP-05-16-2019 | The Clearing House

““Our customers and Fintech Partners need financial technology tools that align with their personal and business needs. Providing real-time payments is an important step for us, allowing us to deliver important new functionality to our customers.” said Robert Conery, COO, EVP, Avidia Bank. “Avidia Bank has strategically committed to providing Payment Services comprised of innovative […]
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Systems

ACI Worldwide and BMO Drive Business-to-Consumer Payments With Zelle

“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions , announced today that BMO Financial Group is leveraging its globally-recognized BMO Payment Hub powered by ACI’s Universal Payments (UP) Real-Time Payments solution to accelerate new products to market, such as Zelle’s business-to-consumer (B2C) payments.”