Category: Mobile Banking & Payments

April 8, 2021

When it comes to safeguarding the U.S. payments system, the Biden administration is keenly focused on ransomware and infrastructure threats, a top cybersecurity official from the United States Department of Homeland Security (DHS) told an industry trade group yesterday. Eric […]

March 30, 2021

Crypto network Ripple Labs said on Tuesday it will acquire a 40% stake in cross-border payment hub Tranglo in an effort to strengthen its market presence in the Asia-Pacific region. Tranglo’s infrastructure will support existing payment corridors, as well as […]

March 16, 2021

The new offering, called NexusDirect, is designed to let Nexus’s clients more easily pay smaller vendors, such as lawn care, pest control and facility management firms, and to allow the small and mid-sized businesses faster access to their payments. The […]

February 12, 2021

Consumers are embracing mobile banking with one banking institution experiencing record levels of engagement. Bank of America reports 70% of consumer client households and small business clients and 77% of wealth management client households are digitally active and the company’s […]

November 23, 2020

Visa and Conferma Pay said Monday (Nov. 23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards […]

November 13, 2020

Several narratives have emerged from this pandemic. First has been the focus on digital transformation that essentially saved the economy during lockdowns. Another related theme is the need for legacy core banking systems to upgrade in ways that don’t protract […]

November 3, 2020

To paraphrase the movie “Top Gun” … “We feel the need … the need for speed.” The payments ecosystem now prizes quickness above all things in a time of cash flow shortages, where each paper check takes an eternity — […]

October 21, 2020

PayPal announced Wednesday that it will soon begin letting users buy cryptocurrency within its app. The news was hailed as transformative by advocates of decentralized currencies such as bitcoin. Bitcoin continued a strong upward trend on the news, reaching annual […]

August 31, 2020

If you’ve been doing some online shopping lately, as many U.S. consumers have during the pandemic to avoid shopping in person (and maybe even just to pass the time while in quarantine), you might have noticed an increased recurrence of […]

May 27, 2020

Digital banking isn’t new, but with the coronavirus pandemic, young and old Americans suddenly flocked to online and mobile banking en masse. The sudden uptick in online and mobile traffic even created outages. Among those affected: online platforms for U.S. […]