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 […]

On The Wires

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Fintech and Blockchain Pioneers Team Up to Bring DLT Security to Voice Banking

“When ConnectFSS began implementing the FIVE Voice Banking Platform for clients, president Grant Parry saw an opportunity to combine FIVE with work being done on CULedger’s MyCUID digital credential solution. Now, the consortium is working on a new way for members to authenticate during their voice banking transactions, utilizing the security benefits offered by MyCUID’s […]
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Chipotle Teams With Venmo to Launch Mobile Rewards Program

“Chipotle is one of the most mentioned brands on Venmo, a leading payment app for splitting and sharing payments with Venmo friends in the app’s social feed. For a chance to receive anywhere between $1 and $500, consumers submit the phone number associated with their Venmo account at CHIPOTLEREWARDME.COM. Within 24 hours, recipients of the payouts will be alerted […]
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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 […]
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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 […]