Category: Mobile Banking & Payments

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 […]

June 23, 2022

“Cash-flow is the lifeblood of any business” – we have all heard the phrase, to the point that it has become accepted common wisdom bordering on a cliché. It is easy to understand why when you break it down to […]

May 2, 2022

European Union antitrust authorities on Monday charged Apple Inc. AAPL -2.46%▼ with abusing its dominant position by restricting access to the technology underpinning contactless payments on its mobile devices, adding to the bloc’s efforts to clamp down on alleged anticompetitive […]

April 12, 2022

While the payments super-unicorn Stripe expects growth this year, it won’t be as strong as last year when the company benefited from an e-commerce surge spurred by the COVID-19 pandemic, according to an annual letter from its cofounders, Patrick and […]

March 31, 2022

Apple is reportedly working on a multi-year plan to develop its own payment processing technology and infrastructure in an effort to further build out its portfolio of financial products. As reported by Bloomberg, the move would allow the iPhone maker […]

March 16, 2022

Margaret Sheils says she knows enough to know she needs a credit card, but the Gen Zer takes a cautious approach to using it. “For me, that’s just always been a fear, of spending money I don’t have,” said Sheils, […]

February 22, 2022

While deep fakes may seem like a niche problem reserved for celebrities, politicians or other high-profile individuals, their rapid growth may bring the issue into the mainstream. The term “deep fake” refers to AI-generated content— often pornographic — that features […]

February 16, 2022

A fintech that facilitates ACH payments is leveraging Discover Financial Services’ network to get more consumers on board with paying merchants directly from their checking accounts. Teaming up with Discover, Atlanta-based digital payments infrastructure platform Buy It Mobility (BIM) Networks […]

January 14, 2022

Buy now-pay later use in the U.S. climbed to an all-time high during the 2021 holiday season, but its novelty may have begun to wear thin. According to a Jan. 12 Bank of America analyst report, total U.S. buy now-pay […]

January 5, 2022

The payments industry last year racked up more than $50 billion in deals worldwide, making it one of the busiest years ever for deal-making, according to two firms that tracked the acquisition activity. The merger and acquisition data firm Dealogic […]

December 1, 2021

Al Kelly believes there has been a permanent shift in how consumers worldwide pay for goods and services. His 91-year-old parents are a prime example. The CEO of payments processing giant Visa recently visited his mother just after she’d finished […]

November 5, 2021

Digital payments companies have been transforming the financial industry in recent years as companies and consumers sought easier, faster payment methods. The COVID-19 pandemic supercharged the trend as companies and consumers increased their use of such tools from home offices […]

October 25, 2021

The best mobile payment apps offer a simple way to make and send payments using your smartphone. Mobile apps providing contactless payments have become common since the introduction of Near Field Communication (NFC), turning individual smartphones into the equivalent of […]