Square’s Cash App, PayPal’s Venmo, and bank-owned Zelle have all contacted the US government to offer to help it distribute the funds allotted for many citizens in the recently passed $2 trillion stimulus package, per CNN.
Read MoreThe spread of COVID-19 has already had a significant impact on the mobile app industry and that will continue in the years to come.
Read MoreThe coronavirus outbreak and resulting restrictions on daily life are highlighting the importance of digital platforms, testing their mettle and demonstrating the power of tools banks lacked in past crises.
Read MoreThe spread of COVID-19 has already had a significant impact on the mobile app industry and that will continue in the years to come.
Read MoreThe coronavirus outbreak and resulting restrictions on daily life are highlighting the importance of digital platforms, testing their mettle and demonstrating the power of tools banks lacked in past crises.
Read MoreTackling B2B payments friction is a journey, but when corporates take their transactions global, finding a remedy for cross-border B2B payments is a much more complicated process. The current climate of innovators appears to be up for the challenge, however.
Read MoreAfter three major outages in quick succession, US trading app Robinhood is probably wishing it had put that contingency plan in place, despite the unlikely odds of ever needing it.
Read MoreThe black swan glides into view, beats its wings and sends shock waves through everyday life. Shorthand for unforeseen — and unforeseeable events — a “black swan” occurrence is characterized by its rarity, of course, but also its widespread and severe ripple effects.
Read More2020 is set to be defined by technological innovation, financial wellness and an elevated customer experience, says Oana Ifrim, senior editor at The Paypers.
Read MoreCoronavirus and the disruption it has caused have serious implications for the financial services industry, but will we see a financial crisis? The impact of the global Coronavirus pandemic has been felt in every nation and every industry.
Read MoreConsumers are navigating the vagaries of a brave new world dominated by the coronavirus. Cardholders’ behavior may shift on a dime. That means card portfolios can experience changing returns for financial institutions (FIs).
Read MoreA new report from Juniper Research finds that total eRetail transaction values could hit $4.8 trillion by 2024, up from $3.3 trillion in 2020, with growth being driven by emerging markets – typically China, which is set to see 62% value growth over the next four years.
Read MoreMEXICO CITY (Reuters) – Mexican fintech startup Credijusto has raised $100 million in debt from Credit Suisse Group, a move that will help it extend more loans to small and mid-sized businesses as banks gauge how to respond to the impact of coronavirus, its joint CEO said.
Read MoreThe U.S. mobile payment market increased 41 from 69.8 billion in 2018 to 98.8 billion in 2019 according to eMarketer. The growth is significant since a mere 12.8 billion was spent in 2012. Mobile payments are increasingly being used by U.S. shoppers as customers become more comfortable with the technology.
Read MoreDigital banking startups in the UK now cater to almost 20 million customers, but face a strenuous challenge to reach profitability in the face of slowing growth rates and a decline in deposit balances. Neobanks operating in the UK added more than six million new customers in the second half of 2019, ending the year […]
Read MoreThe payment card networks plan to postpone until July changes in their interchange schedules that they had planned to take effect in April, Digital Transactions News has learned.
Read MoreFintechs want to play a part in helping SMBs as part of the stimulus package. Getty As U.S. Congress works to inject what is expected to be more than 1 trillion into the U.S. economy, the nation’s online lenders and fintechs want to ensure they are part of the solution.
Read MoreA s a result of the new limit extension, Nacha expects Same Day ACH to be ‘even more useful to businesses and consumers’. Furthermore, business-to-business (B2B) payments are expected to reap some of the biggest benefits. Other common uses for Same Day ACH include Direct Deposit payments for insurance claims and disaster assistance.
Read MoreThe federal government and the state of Utah this week cleared the way for a controversial industrial loan corporation to be set up by Square Inc. that could help the payments company cement ties with its merchant base.
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