paymentssource

Zelle Wants to Let You Pay Businesses, Too

Zelle, a Venmo-style app that lets consumers send money to friends, roommates and babysitters, is working on ways to ensure that customers can safely pay small businesses as well, according to people familiar with the situation. Zelle, backed by Bank of America Corp., JPMorgan Chase Co.

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Data: Who Wants Contactless Cards?

The U.S. may be next to see a surge of contactless credit cards, following other major markets around the world. In many locales similar to the U.S., consumers tap to pay for about 20 of all in-store transactions using Near Field Communication-equipped cards, far surpassing the number of mobile payment users. But it’s unclear whether […]

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Visa, Mastercard Agree to Cut Canada Interchange Fees

Visa and Mastercard agreed to cut Canadian credit-card transaction fees in a move that could save smaller businesses C$250 million ($192 million) a year and crimp revenue for Canadian lenders. The U.S. companies agreed to reduce the average annual interchange rate in Canada by 10 basis points to 1.

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6 Keys to Uber, Grab and Lyft’s Innovations in Payments

While mass transit has long been seen as a potential catalyst for changing payment habits, it’s apps such as Uber, Grab and Lyft that are making the biggest difference in how people pay for transportation. The ride-sharing companies are also rapidly adding partnerships with recognizable global brands and attracting hefty investments.

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Contactless’ Maturity Makes It a Must-have

As busy consumers with on-the-go lifestyles, we are always looking for ways to save time and simplify our daily routines, from finding the fastest route for our commutes, the shortest line at the grocery store, or the easiest way to order ahead.

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Data: The New Pain Points of Mobile Commerce

Mobile e-commerce is growing fast, and online retail fraud levels are keeping pace with this expanded sales volume. One reason is an increase in digital goods available online-digital gift cards, subscriptions, downloadable software, entertainment and tickets.

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Starbucks and Payments: Everything You Need to Know

From its beginnings as a standalone Starbucks Card app, the Starbucks mobile experience was always a bit different from what other companies tried to do. While the major tech firms and banks were trying to develop a one-size-fits-all mobile wallet to dominate the market, Starbucks focused on the needs of its coffee-guzzling customers.

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Data: Who’s Really Paying by Voice?

Though its still early in the development of voice assistant technology, researchers are getting a sense of whos most likely to use voice commands for shopping and payments, based on recent consumer data. Broadly speaking, the biggest enthusiasts so far are consumers who skew younger and male.

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EBay to Accept Apple Pay and Offer Merchant Loans With Square

EBay Inc. has more bad news for long-time payments partner PayPal Holdings Inc. The online marketplace announced new partnerships with PayPal competitors Apple Inc. and Square Inc. EBay will begin accepting Apple Pay in the fall and, through a new deal with Square, offer merchant loans of up to 100,000.

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6 B2B Companies Using Digital Payments to Disrupt

Digital payments are no longer just the bailiwick of major global initiatives. They are becoming a critical aspect of nearly every new service that providers bring to the table for merchants or financial institutions.

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New Layers of Regulation Should Promote Prepaid Growth

Innovation thrives in a regulatory landscape that gives organizations the confidence to try something new and bold. Yet, as legislation adding new layers of regulation to the prepaid and fintech market continues to be introduced-especially at the state level-lawmakers must identify pro-growth policies that continue to power our economy.

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Cryptocurrency Virtually Outlawed in India as Top Court Backs Ban

India’s top court refused to overturn a central bank ban on lenders from dealing in cryptocurrencies, a move that effectively outlaws the nascent industry in Asia’s third-largest economy.

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