PaymentsSource

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Merchants Need Payment Tech’s Help to Digitize Successfully

The case for the payments industry to help merchants digitize and transform their businesses has never been stronger. A recent report by American Express stated 58% of consumers who have used contactless payments are likely to do so now more than ever before.

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10 Ways Fintech, Payments Are on the Ballot in the 2020 House Election

10 Ways Fintech, Payments Are on the Ballot in the 2020 House Election

As the House of Representatives enters the 2020 election season, the outcome stands to encourage or rein in a group of technology companies that are encroaching deeper into financial services.

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Facebook’s Moves Shake Up ‘Big Tech’ Payments Balance

Facebook’s Moves Shake Up ‘Big Tech’ Payments Balance

America’s tech giants Google, Amazon, Facebook, and Apple continue apace their march into payments. With Google Pay, Amazon Pay, Facebook Pay, and Apple Pay, they’ve put their brands foremost and use payments to boost on-platform engagement and commerce, reinforcing their centrality in consumers’ lives.

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5 Ways COVID-19 Changed the Nature of Payments Fraud

As many businesses and consumers have been forced to deal with the difficult conditions thrust upon them by the COVID-19 pandemic, so too have fraudsters needed to make adjustments just to continue their life of crime. Given that the nature of fraud activities has been evolving during the crisis, not all of the changes are […]

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In a Digital World, Regulators and Innovators Need to Team Up to Beat Fraud

In a Digital World, Regulators and Innovators Need to Team Up to Beat Fraud

Innovation in payments has moved rapidly over the past decade, with companies of all sizes and industries diversifying their payment methods and incorporating network tokens.

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There’s Too Much Legacy Tech, and That Won’t Cut It in a Digital World

There’s Too Much Legacy Tech, and That Won’t Cut It in a Digital World

Nearly every aspect of our lives is shifting to digital, remote, and online. While the technology sector moves swiftly to keep up with the latest trends, banks and financial institutions (FIs) remain notoriously slow to evolve.

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Payments Industry Should Be Worried by Fortnite Suing Google — Not Apple

Payments Industry Should Be Worried by Fortnite Suing Google — Not Apple

Epic, the maker of Fortnite, is suing Apple and Google for forcing app makers to hand over a 30% cut of their revenue to the tech giants. The grievance against Apple is pretty clear-cut; the attack on Google is more nuanced, and could have major consequences for the payments industry.

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6 Ways David Marcus Transformed Facebook Payments

6 Ways David Marcus Transformed Facebook Payments

It was an attention-grabbing decision when Facebook hired PayPal’s president, David Marcus , in 2014. At the time, Facebook didn’t have much of a dedicated payments business to speak of; when people thought of spending money on Facebook, they typically thought of in-app purchases in Farmville.

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Why ‘Earned Wage Access’ Is Suddenly a Big Deal

Why ‘Earned Wage Access’ Is Suddenly a Big Deal

Most of us are used to receiving our salaries twice a month, like clockwork.

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Biometrics Can Take More Contact Out of Contactless Payments

Biometrics Can Take More Contact Out of Contactless Payments

We’ve come a long way in the evolution of digital payments. Magnetic stripe cards, chip-and-PIN and contactless technology have all played a role in dethroning cash as “king of payments” with many countries well on their way to becoming cashless economies.

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Coronavirus Contactless Payments Are Here to Stay

Coronavirus Contactless Payments Are Here to Stay

For years, the payments industry waxed unpoetically about transactions that eliminate physical interaction. There was contactless, mobile, mobile wallets, card not present, e-commerce, e-payments, e-invoicing, NFC, one-touch, one-tap, etc. We just kept pumping out new buzzwords. I have a new name for all of those: Corona Free Payments.

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Amazon and Payment Apps May Hurt Banks More Than Retailers

Sweeping changes to the financial services industry are underway and will accelerate dramatically in the coming years. In fact, the financial services industry should get ready to experience its very own “Amazonification” in the next year or two.

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