Category: Mobile Banking & Payments

May 6, 2021

PayPal (PYPL) – Get Report shares wavered on Thursday after analysts reacted positively to the financial-services titan’s stronger-than-expected earnings for the first quarter. The San Jose, Calif., company reported what it said was the strongest first quarter in its 23-year […]

April 30, 2021

Under the plan, individuals or businesses wouldn’t be forced to report more information to the government. Rather, that task would fall to banks. How much the banking industry pushes back against the proposal will depend on the extra time and […]

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. […]

April 28, 2020

Small businesses and individuals having a hard time entering the digital economy are getting a boost from Mastercard as the need to receive funds electronically and make digital and contactless payments has been underscored by the COVID-19 pandemic. The payment […]

December 4, 2019

The world is moving towards cashless payment, and Asia is leading the charge with companies like Alibaba, Tencent, and Grab, and fast-growing mobile payment usage rates across the region. In China, more than 600 million people already use mobile payments, […]

July 31, 2019

During a launch event that saw Apple unveil to the world a new news and magazine subscription service (Apple News Plus), a new offering of original content (Apple TV Plus) and a gaming subscription platform (Apple Arcade), a new, surprising […]

July 3, 2019

If Amazon Prime Day didn’t make it easy enough to flex your credit cards, Chrome is now enabling your impulse shopping habit further by automatically entering your payment details without the need to sync your browser. Until now, credit card […]

June 13, 2019

People use their phones to find dates, trade stocks, and even order helicopter rides. They are also, increasingly, using their phones to bank. With myriad banking apps out there from Wells Fargo to Chime, both big banks and up-and-coming fintechs […]

March 26, 2019

When people talk about the future, what they usually care most about is what that means for people — how they’ll live, if they’ll adapt. Apple (AAPL – Get Report) has helped to transform human behavior so that now nearly […]

March 21, 2019

Instagram has announced that it’s testing a new feature called Checkout, which will allow users to buy products from fashion, beauty and other brands within the photo-sharing app. In a blog post, Instagram said the feature is currently “in closed […]

March 19, 2019

Instagram is strengthening its role in e-commerce by allowing users to pay for dresses, makeup, and watches inside its app. The new checkout feature, which begins rolling out on Tuesday, lets users make in-app purchases from 23 retailers, including Nike, […]