Digital payments

How Square's bank can use bitcoin profits to promote financial inclusion

03/02/21

The overwhelming success of Square’s bitcoin trading service creates new opportunities for its bank to work with underserved markets.

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CFPB probe of Venmo complicates PayPal's plans

02/05/21

The inquiry into Venmo's debt collection practices is a taste of what PayPal can expect as it expands to other categories that increasingly face regulatory pressure.

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The cashless Super Bowl is coming three years early

02/05/21

Visa and partners fast-tracked the big game's digital overhaul as the pandemic caused a sharp spike in demand for contactless payments.

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Western Union stores join MoneyGram under Walmart's roof

01/19/21

The pandemic has made for strange bedfellows. Case in point: Western Union and MoneyGram will soon share Walmart as a landlord.

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Surge in digital payments to continue in 2021: CO-OP

01/11/21

Consumers will continue to utilize new payments methods in the coming year, but are also likely to shift between credit and debit, the company said.

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Citizens launches Citizens Pay brand to boost point-of-sale lending

01/11/21

Citizens Financial Group has branded its point of sale lending software as Citizens Pay, saying it wants to more clearly define it as a merchant tool for "budget-friendly payment options" for customers who want a transparent and predictable way to finance purchases.

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National banks may process stablecoin payments, OCC says

01/05/21

The digital currency and related distributed-ledger technologies could "enhance the efficiency, effectiveness and stability of the provision of payments," according to an interpretive letter issued by the Office of the Comptroller of the Currency.

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Coronavirus may have permanently changed face-to-face member service

12/28/20

Many consumers started using digital payments out of necessity once the pandemic struck. They may continue as it recedes because they like the convenience.

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Dirty money: Sex and the payments industry

12/21/20

When Mastercard and Visa cut ties with Pornhub in December, it was abrupt but unsurprising. The banking and payments industries have had a long and conflicted history with adult content.

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Fiserv to buy Ondot as card payments get more digital

12/16/20

It isn't lost on Fiserv that consumers increasingly are moving to digital financial services. Its deal to acquire Ondot Systems, a digital card solutions platform, aims to capitalize on the shift.

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