Payments News

On The Web

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Walmart Builds a Secret Weapon to Battle Amazon for Retail’s Future

“Walmart executives are betting the upstart becomes a powerful weapon in an escalating technological ground war with Amazon.com Inc. , as the two companies battle over shoppers who are increasingly making all sorts of purchases online. Amazon reset the landscape with Prime, in which more than 100 million people globally get two-day delivery and other […]
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Singtel’s Cross-border Payments System Expands to Japan | ZDNet

“Singapore’s largest telecommunications carrier Singtel has expanded its Via cross-border payments alliance to Japan. Via, the first cross-border mobile payment alliance in Asia in partnership with AIS, Thai digital bank Kasikornbank, and Boost Malaysia, is now also partnering with Tokyo-based mobile payment technology company Netstars and its 100,000 stores across Japan. The alliance allows customers […]
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Apple Ends Funding Apple Pay Cash From Credit Cards As It Announces Its Own CardWeChat Pay Supports Merchants Expanding Businesses by Bringing Its Ecosystem to the World

“Apple has quietly ended the the option of funding Apple Pay Cash balances from a credit card. The company made the low-key announcement on the same day it announced the Apple Card. Previously, if you wanted to make a person-to-person payment via Apple Cash, and didn’t have sufficient balance, you could withdraw money from a […]
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Opinion

The Productivity Paradox: Digital Abundance, Scarce Genius

“Despite the relentless advances of digital technologies, productivity growth has been declining over the past decade. Investment and interest rates have remained low, and income has continued to stagnate for the majority of workers in the US and other developed economies. The world seems to be stuck in a period of slow growth and no […]
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2018 State of ECommerce Delivery Report – Global Insights

Key Findings: 75% expect all delivery options to be displayed on product pages 75% have purchased more items to take advantage of a minimum spend ‘free delivery’ option 70% expect to pay extra for one-hour, same day, next day or Sunday delivery 54% of consumers expect to be able to choose which carrier delivers their online […]
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Flywire and UnionPay Extend Partnership on Cross-Border Payments

“Program streamlines international tuition and healthcare payments for UnionPay cardholders from China Flywire and UnionPay International today announced that they are re-launching a promotional program that provides Chinese students and patients with discounted foreign exchange rates on cross-border tuition and healthcare payments. The effort is a continuation of a highly successful partnership beginning in the […]

On The Wires

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ACH Network Continues Its Strong Growth in 2019

“ACH volume in the first quarter was 6 billion payments: 3.5 billion debits and 2.5 billion credits. Internet-initiated payments rose 10.3% to 1.6 billion. And there were increases of more than 9% in both business-to-business (B2B) payments overall and in healthcare claim payments, to 927 million and 78 million, respectively. There was also a more […]
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U.S. Payments Forum Webinar to Present Guidance for Contactless Open Payments Implementation in Transit

“The webinar, “Contactless Open Payments for Transit,” was developed by the Forum’s Communication and Education Working Committee in partnership with the Transit Contactless Open Payments Working Committee. It will be held on May 1, 2019 at 1pm ET/10am PT. More details and registration are available at https://www.uspaymentsforum.org/contactless-open-payments-for-transit-webinar/ .”
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Entersekt and BioCatch Collaborate to Deliver Streamlined and Enriched Digital Banking and Payments Experiences

“The rewards of focusing so closely on the customer experience are many. To guarantee success, however, banks must deliver the same kinds of intuitive, low-friction – even fun – experiences that popular consumer apps do while bearing a heavier regulatory burden commensurate with their status as licensed, insured depositories and custodians of personal data. That’s […]