Payments News

On The Web

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Tech

How I Survived a Week Without My Wallet

“Turns out, my smartphone can do almost everything my wallet can do, from paying at restaurants to renting a bike, to even getting into a hotel room. And by the end of the week, I saw an added benefit for my future travels: I don’t have to bring my wallet everywhere. And imagine being wallet-free […]
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Tech

Google Pay Launches NFC Spot Codes for Merchants in India

“Google has launched a new offering for merchants in India that combines an online storefront with physical Spot Codes they can place in their premises to let shoppers easily place orders and make payments. Spot stores are fully integrated into Google Pay and built using HTML and JavaScript “so existing investments into mobile websites or […]
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Companies

Starbucks Japan Launching Contactless Pen With Payments Technology

“Starbucks Coffee Japan Co. is launching a mobile payment product called Starbucks TouchThe Pen, a ballpoint pen with embedded contactless payment technology, according to a company press release.  The pen, developed in cooperation with Zebra Corp., uses dark brown water resistant gel ink, inspired by Starbucks Coffee. It’s based on FeliCa contactless payment chips from Sony Corp., […]
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Tech

Bank Fees: ATM Charges Hit Record High and Faster Hikes May Be Coming

“Those pesky ATM fees have climbed to a record high, and the pace of increases may soon accelerate. The average surcharge that ATM operators charge non-customers to withdraw cash rose 2% over the past year to $3.09, the 15th straight year of increases, according to a July survey by Bankrate.com. The good news is that […]
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Tech

McKinsey Includes NFC Tags in Mall of America Technology Showcase Store

“Shoppers can scan the tags with their mobile phones to easily find out more about products on sale. Soon, they will also be able to use them to add items to a virtual shopping basket and then check out and pay with their mobile phone. Modern Retail Collective is a “fully technology enabled” bricks-and-mortar store […]
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Tech

Chinese Banking Giant CCB Expands Blockchain Platform As Volume Breaks $53 Billion

“China Construction Bank, one of the largest Chinese commercial banks, has expanded its trade finance blockchain platform with new abilities, including cross-chain and inter-bank transactions, as trading volume surpasses $53 billion. Speaking in Beijing at the official launch of the upgraded platform BCTrade2.0, CCB vice president Ji Zhihong said the new platform will leverage blockchain […]
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Tech

Expensify Launches Corporate Card: Business Travel News

“Expensify is launching a corporate card that links directly to the company’s expense system, obviating the need for corporate clients’ employees to submit receipts for reimbursement. The company’s new Visa-branded Expensify Card, issued by Sutton Bank, represents a return to form for the expense company, which launched in 2008 as a debit card to help […]

On The Wires

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Tech

TaxCloud Releases New Integration With Stripe

“Today TaxCloud, a leading online sales tax compliance service for online retailers, announced that users of Stripe’s payments platform can now connect to TaxCloud to easily manage their U.S. sales tax obligations. This announcement comes as many more online retailers find themselves having to collect sales tax in additional states since the Supreme Court issued […]
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Tech

Global Payments Expands Its Mobile Integration Payments Solution to Samsung

“Samsung smartphone users with Samsung Pay eligible devices will be able to access an auto-provisioned prepaid card called Samsung Pay Cash. This Netspend mobile-integrated digital Mastercard allows smartphone users to establish a digital prepaid card within their mobile wallet to hold funds for a variety of use cases, including spending and budgeting. The prepaid card […]