Payments News

On The Web

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Companies

Fighting Poverty With Direct Cash Payments

“What’s the best way to help someone living in extreme poverty? Some might say improved access to food while others might focus on health care or education. All are worthy causes, but the truth is that the needs of people in extreme poverty vary. Walk through a slum in Kenya, for instance, and you might […]
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Global

UK Group to Test Stablecoin Payments, Provide Data to Bank of England

“The Digital FMI Consortium, a group of private-sector companies, said it plans to test cross-border payments and provide recommendations to the Bank of England using its own sterling-backed stablecoin, dSterling. “The backing of the dSterling will be pounds held in a Bank of England reserve account and it is 100% backed,” a company spokeperson told […]
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Companies

Fintech Giant Stripe Jumps Into Crypto With a Feature That Lets Twitter Users Get Paid in Stablecoin

“Stripe will allow businesses to pay their users via cryptocurrencies, starting with Twitter, in the latest sign of how large financial firms are warming to digital assets. The $95 billion online payments company said Friday it will start offering merchants the ability to make payouts in crypto through the stablecoin USDC, which is issued by […]
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Companies

Germany’s Commerzbank Applies for Local Crypto License

“Germany’s Commerzbank (CBK) applied for a crypto license earlier this year, a spokesperson for the bank said. This makes it the first major bank in Germany to move towards crypto adoption.A bank spokesperson said Commerzbank wants to help shape emerging digital ecosystems, especially with regard to custody and trading in non-physical assets.“To this end, we […]
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Global

Euro Notches Biggest Drop as Global Payment Currency Since 2011

“The euro is being used less often as a global payment currency, posting its biggest percentage-point drop in more than a decade in March, as inflation and the war in Ukraine weigh on its appeal for transactions.  Meanwhile, the U.S. dollar remained in the top spot for a 10th consecutive month, and has dominated global […]
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Companies

How Meta Platforms Fell Behind in Indian Mobile Payments

“Mark Zuckerberg has pinned his hopes on commerce to save his business from stagnating user engagement and decelerating advertising revenue growth. But in the massive market of India, Facebook parent company Meta Platforms has fallen far behind in mobile payments, which serve as the crucial last step in closing an online sale. It needs to […]
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Companies

Hand Implant Allows People to Pay With Chip

“The future is here. Those tired of taking out their wallet or phone to pay for things could soon skip that step entirely, thanks to a new implantable payment chip. The British-Polish company Walletmor has created a microchip that can be implanted inside a person’s hand and used as one would tap a credit card […]

On The Wires

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Companies

Alacriti Featured in Federal Reserve’s New FedNowSM Service Provider Showcase, Expands Its Unified Payments Platform for the FedNow Service

“Alacriti , a fintech company specializing in payments and money movement, is proud to be featured in the Federal Reserve’s new FedNow Service Provider Showcase, an online resource designed to connect financial institutions looking to adopt and innovate upon the FedNow Service with service providers offering instant payment solutions. In addition, connection to the upcoming […]
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Companies

EPayments and Alchemy Pay Partner for Australian and NZ Crypto Payments

“Fiat-crypto payments provider, Alchemy Pay (ACH), has partnered with merchant payment provider, ePayments, to offer crypto payments and services in New Zealand and Australia. ePayments will integrate with Alchemy Pay to provide to their merchants with crypto payment acceptance, as well as payments with Binance Pay. As part of the partnership, Alchemy Pay will also leverage ePayments’ NZ […]
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Companies

Nationwide Building Society Improves Member Experiences With Pega Smart Dispute

“Pegasystems Inc. (NASDAQ: PEGA ), the software company that crushes business complexity, today announced Nationwide Building Society deployed Pega Smart Dispute for Issuers to transform its Visa card disputes process. This enabled Nationwide to improve agent performance and customer satisfaction by streamlining the systems required to handle a dispute from 15 down to two and […]