Category: Mobile Banking & Payments

June 26, 2024

Bank of America is doubling down on innovation to drive further adoption of its digital-banking mobile app for businesses, and turning to its clients for input on enhancing user experience and feature functionality. The Charlotte, North Carolina-based bank’s CashPro mobile […]

June 12, 2024

Recent headlines have spotlighted how criminal actors use “deepfakes” to spread misinformation and carry out social engineering attacks. The social disruption caused by these hyper-realistic forgeries has captured public attention and concern. The absence of comprehensive regulation, combined with the […]

May 13, 2024

In today’s challenging economy, inefficient payments are more than an inconvenience. They can delay reimbursements, create cash flow management challenges and contribute to frustrating employee and customer experiences. But unfortunately, payment bottlenecks are all too common. For example, 45% of […]

May 6, 2024

Bank of America’s latest report signals that the growth of buy now, pay later services is continuing to slow down. The bank’s analysis of its internal data found that the proportion of Bank of America customers having made a BNPL […]

February 21, 2024

Mastercard is likely to suffer the biggest competitive blow in the card network industry if Capital One absorbs Discover Financial Services, shifting debit and credit payment flows to its newly acquired network. The deal is still subject to regulatory approvals […]

February 15, 2024

Global Payments has attracted headlines this week over potential acquisitions it might make, but in an earnings call with analysts CEO Cameron Bready was more ready to talk about parts of the company that might be pared. In addressing “potential […]

December 21, 2023

The explosion of “Buy Now, Pay Later” services has set off alarms that consumers are desperate, rushing into the largely unregulated installment loans after running out of mainstream credit options. While that’s the case for plenty of BNPL users, industry […]

October 6, 2023

Adobe’s research builds upon previous reports indicating that consumers might lean on buy now, pay later services to stretch their holiday budgets. Adobe predicts that shoppers will spend $782 million via BNPL on Cyber Monday, exceeding the $658 million spent […]

September 28, 2023

Deluxe’s collaboration with Aliaswire marks its continued transition from checks to digital payments. In 2021, Deluxe CEO Barry McCarthy noted that the check division comprised about a third of the business. In July 2022, McCarthy said he anticipated the company’s […]

June 7, 2023

Back in September, the U.S. Consumer Financial Protection Bureau issued a report suggesting that companies like Klarna and Afterpay might be subject to stricter oversight in the future. As the CFPB prepares to release new regulatory guidance on BNPL providers, […]

May 12, 2023

Paysend joins a crowded field of cross-border payments competitors that are increasingly tapping new payment rails for faster cross-border services. Offering remittances services for migrants sending payments to family and friends in other countries is where most of the rivals […]

March 16, 2023

The fallout from regulators’ takeover of Silicon Valley Bank and Signature Bank has rippled through to payments companies, forcing them to minimize disruption to their businesses. Marqeta, Modern Treasury and Bill Holdings were among the companies impacted by the bank […]

January 23, 2023

The regulator has said it will take legal action against any supplier that forces customers onto a prepayment meter and the government is issuing firms with a “cease and desist” order. It comes as courts are overwhelmed with warrant requests […]

January 10, 2023

Innovation in payments will charge ahead in 2023, though not in the same way it has in the past few years. With venture capital firms tightening purse strings and startups floundering, legacy players are likely to pick off some industry […]

November 1, 2022

“Honeywell Smart Pay gives sales associates and service employees the power to finalize payments on-the-spot in retail, parcel delivery, public transportation services and other businesses where mobile payment can be used,” the company said in the release. Nonetheless, it’s a […]

August 29, 2022

Real-time payments may sound simple, but “the reality of delivering on that promise is enormously sophisticated, especially when doing so across borders,” said Aman Cheema, head of global real-time payments and CBDCs at FIS, per the news release. With the […]

August 3, 2022

Smartphone banking, digital banking, app-only banking – whatever you call them, accounts offered by newer challenger banks such as Starling Bank and Monzo have become very popular over recent years because of the convenience they provide as people’s lives shift […]

July 29, 2022

Tech giants Apple and Amazon saw dips in profits but still defied expectations as the US economy teeters on the edge of a recession. The results came after the iPhone maker warned that its revenue would be depressed amid supply […]

July 1, 2022

Oracle is a sizable player in the restaurant point-of-sale market. Thousands of large and small restaurant operators globally use its software and hardware, with its restaurant technology handling about $150 billion in transactions annually, according to the Austin-based company. Chains […]

June 29, 2022

RBR, a London-based firm founded in 1992, pointed to multiple catalysts driving self-checkout growth. Retailers in the Asia-Pacific region, primarily Australia, China, Malaysia and Indonesia, are driving growth by deploying the technology. Meanwhile, rising minimum wages and labor shortages in […]