Payments News

On The Web

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Providers

Banks And Non-Banks Play to Their Strengths As They Eye a $1.2 Trillion P2P Market

Digital Transactions News - "The P2P payments arena is hotly contested, with bank providers such as JPMorgan Chase & Co., Capital One, USAA, and Bank of America—all participants in Zelle, a soon-to-be-launched P2P service—contending for adoption with entities such as PayPal Holdings Inc.’s Venmo, Square Cash, and Facebook Messenger. Popmoney, a P2P service from Fiserv Inc., also is popular with banks."
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Providers

As even small merchants sell globally, payments industry faces bigger demands

“Within the past decade or so, a growing number of payments platforms has targeted international e-commerce transactions, and with good reason. Research firm Forrester predicts that cross-border e-commerce will outpace domestic growth, with a compound annual growth rate of 17 percent between 2017 and 2022, compared with 12 percent for overall B2C ecommerce.”

On The Wires

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Providers

Retailers Promise Fight to Keep Swipe Fee Reform as Financial CHOICE Act Heads Toward Full House Vote

"Today, the Retail Industry Leaders Association (RILA) responded to the House Financial Services Committee's markup of the Financial CHOICE Act, legislation that would roll back many of the financial reforms passed in the wake of the financial meltdown in 2008. Retailers have vowed to fight any financial reform bill that repeals swipe fee reform, bipartisan legislation passed in 2010 that stopped large banks and card networks from charging merchants exorbitant fees on debit card transactions."
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Providers

NMI Unveils Unified Payments Engine to Enable New Era of Commerce

“his unprecedented solution enables NMI partners to deliver a simplified payments platform that meets today’s expectations for seamless recognition across all merchant points of engagement, including in-store, mobile, online and self-service. Using a unified token, NMI is able to deliver a singular view of customer and payment data that can be used to develop cross-channel […]
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Providers

BlueSnap Announces Global Availability of Google Pay, Improving the Payment Experience for All B2B and B2C Customers

“BlueSnap, an online payments technology company, today announced the global availability of Google Pay™ in the All-in-One Payment Platform. With this integration customers across Australia, Europe and North America can now leverage Google Pay to accept payments made via online and mobile checkout, marketplaces, subscriptions, invoices and virtual terminals.”