Payments News

On The Web

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In Amazon Vs. Walmart Delivery Battle, a Fresh Salvo

“Amazon.com Inc. AMZN -4.52% on Monday said it has made more than 10 million products available for free one-day delivery to Prime members in the U.S., the latest salvo in a battle over speedier shipping speeds with rival Walmart Inc. WMT +0.36% The e-commerce giant is touting the arbitrary milestone about three weeks after Walmart announced it would begin offering free next-day delivery […]
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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 […]
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Can Vietnam Turn 90% of Its Transactions Into Cashless Payments? – KrASIA

“In Hanoi and Ho Chi Minh City, the colorful stickers and placards of popular e-wallets like Moca and Momo are appearing on storefronts—a sign that Vietnamese urbanites are embracing cashless payment methods. But that’s just two cities. Overall, nearly 90% of the country’s transactions still use cash. The Vietnamese government has been open about its intentions […]
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Facebook’s New Cryptocurrency, Libra, Gets Big Backers

“Facebook Inc. has signed up more than a dozen companies including Visa Inc., Mastercard Inc., MA +0.19% PayPal Holdings Inc. PYPL +0.68% and Uber Technologies Inc. UBER -0.52% to back a new cryptocurrency it plans to unveil next week and launch next year. The financial and e-commerce companies, venture capitalists and telecommunications firms will invest around $10 million […]
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Cumberland Farms New Loyalty And Payment App Offers Two Payment Options

“Cumberland Farms , a leading coffee, convenience and gasoline retailer, today announced the launch of its new Cumberland Farms App, which is the next evolution of its highly successful SmartPay Check-Link® program. The new app gives users two payment options: SmartPay Check-Link®, which links to a checking account or Netspend® account and saves users 10 […]
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Chip Cards Make Gains, but the U.S. Still Lags Most of the World in EMV Adoption

“EMV chip card payments made substantial gains in the U.S. last year, but the nation still lags most other regions in EMV penetration, according to new figures from payment card standards body EMVCo. Some 53.5% of general-purpose U.S. card-present transactions in 2018 were so-called chip-on-chip, meaning both the point-of-sale terminal and the card were EMV-enabled, […]

On The Wires

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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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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 […]