pymnts

Fed Backs Community Bank Regulatory Overhauls

The U.S. Federal Reserve caught the attention of the financial services market this week with Fed Governor Lael Brainard’s speech Wednesday (Oct. 3) on the rising demand for faster and real-time payments. But, the Fed also touched on another aspect of the finserv market: small business banking and lending.

Read More

Bureaucratic Fuel Is Pushing B2B Payments Toward Digital

Unless you are a fan of paper cuts and ink smudges, take a moment to give it up for Spain. The country is the latest nation to help push B2B payments into the digital age. The developments come amid increasing regulatory focus around the globe on moving those transactions away from mistake- and fraud-prone analog […]

Read More

Blockchain Patent Filings Spike

At one time, blockchain meant bitcoin and bitcoin meant blockchain – no longer. Well-documented here and elsewhere, blockchain has become the rail across which innovators hope to innovate – to bring transparency to data, logistics and the movement of goods and services. Depending on where one looks, there is both hope and hype in the […]

Read More

Credit Unions, Community Banks Can Pool Resources to Fight Money Laundering

Federal regulators ruled Wednesday (October 3) that credit unions and community banks can pool resources for anti-money laundering compliance so that they can protect against financial crimes and at the same time keep their costs down. The Wall Street Journal, citing a statement from the Federal Reserve, the Federal Deposit Insurance Corp.

Read More

PayPal Brings Mobile Payments to Phoenix Suns

Depending on the time of year, or the team involved, or the specific game, the pain can be acute, a signal of regret: You miss that big dunk, or a gorgeous three-pointer, and you know by the cheers of the crowd that the play will be a highlight on the news later that night. Too […]

Read More

Big Banks See Uptick in Cyberattack Attempts

Sources have reported that some large U.S. banks have seen a boost in attempted cyberattacks in recent weeks.

Read More

Bitcoin: 10 Years of Smoke and Mirrors

The end of this month, Oct. 31, 2018, will mark the 10th anniversary of the day that a link to a paper, authored by Satoshi Nakamoto, describing the digital currency called bitcoin was first publicly circulated. Jan.

Read More

Today in Data: The New and Improved (Digital) Version

While innovation and advances are often expected to appear in explosive, disruptive form – as often as they seem to appear out of nowhere full formed – more really good ideas actually evolve over time. The first few generations of all-in-one smart credit cards crashed and burned, but the U.S. Curve seems have found a […]

Read More

Visa: Why the US Is Finally Ready for Contactless

Contactless cards have been a big hit around the world. In the U.K., the European Union (EU) and Canada, contactless payments account for two out of five face-to-face Visa transactions, according to newly released data.

Read More

eBay Flips the Switch on Mediating Payments

eBay announced on Tuesday (Sept. 25) that it has started managing payments on its Marketplace platform in the U.S. In a press release, the company said that earlier this year, it announced plans to intermediate or manage the payments flow on its platform, and that it has now started doing that.

Read More

Google P2P Payments via QR Codes in the Offing?

Google is working on using QR codes to allow its users to send peer-to-peer (P2P) payments. While Google Pay already enables P2P payments, XDA-Developers revealed that the company is adding support for QR codes to make that process a bit easier, at least if a user needs to pay someone they just met and make […]

Read More

Today in Data: Getting Used to the Next Big Thing

Some digitizations are clearly an upgrade – consumers prefer doing their Black Friday shopping from their couch as opposed to the mall, and businesses prefer that their cross-border payments not be a source of surprise when it comes to arrival times. However, some innovations are, perhaps, a harder sale.

Read More