Digital payments

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.

[more]

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.

[more]

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.

[more]

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.

[more]

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.

[more]

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.

[more]

Bank of America upgrades improve international payment transparency

12/10/20

Bank of America has launched a cross-border payment tracker though its Swift GPI module that allows clients real-time visibility into their international payments.

[more]

Why is it so hard for a fintech to become a bank?

11/18/20

The success of some fintechs in getting bank charters this year only underscores how onerous the process remains for many others. That’s unlikely to change unless policymakers reconsider what it means to be a bank.

[more]

Visa pilots card-not-present security app with MSUFCU

11/17/20

The pilot leverages Keyno’s CVVkey technology that uses a dynamic card verification value 2 (CVV2) code to provide a higher level of security against fraud for online and mobile payments.

[more]

A Fed digital currency looks inevitable. So do the problems.

11/04/20

A Federal Reserve-issued digital dollar could speed up payments, expand financial access and reduce financial crime. But it also brings trade-offs that policymakers are only just beginning to consider.

[more]