The Latest
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Deluxe to offer direct-biller payment services
Though checks have been vital to its business, the company is venturing further into digital payments, with an assist from Aliaswire.
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FTC lawsuit knocks Amazon on payments play
The FTC alleged in a lawsuit filed Tuesday against the online retail juggernaut that it maintained a monopoly partly through its checkout process.
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Retrieved from Matt Navarra/Twitter on September 28, 2023
ColumnTikTok moves to add ‘in-app’ wallet
The social media app has taken another step toward providing in-app commerce and payments, but may face regulatory resistance.
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Chase to ban crypto payments for UK customers
“If we think you're making a payment related to crypto assets, we'll decline it,” Chase U.K. told customers in an email reported by CoinDesk.
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Retrieved from Business Wire on September 27, 2023
Square adds merchant tools
Block’s merchant business, facing stiffer competition in the point-of-sale space, has added about a dozen new features for its sellers.
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ColumnSocial apps face challenges in implementing shopping tools
Facilitating digital payments would be a big win for social apps, but regulators are less enthused.
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BNPL users ‘financially fragile,’ NY Fed says
Consumers using BNPL have lower credit scores, have been delinquent on a loan or have been rejected for a credit application over the past year, New York Fed researchers said.
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Andreessen Horowitz pushes cross-border payment improvements
While money is much older than software, it’s still more difficult to move payments around the world, the venture capital firm said in a recent report advocating cross-border improvements.
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OpinionIs FedNow pivotal for payments or overhyped?
FedNow won’t fill the gap between the U.S. and other countries in payments innovation, writes one fintech CEO.
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Retrieved from Wawa press release.
Wawa’s $10.7M data breach lawsuit against Mastercard thrown out
The convenience retailer accused the card network company of breach of contract and unfair practices stemming from its 2019 malware attack.
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Payments processing can get complicated. Here’s a primer.
How many companies does it take to process a credit card payment?
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Congressional committee passes bill to thwart CBDC
The House Financial Services Committee advanced a bill last week that would block the creation of a central bank digital currency.
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Courtesy of Uber
Mastercard fires back at Durbin in letter
The CCCA would “remove consumer choice, erode security, eliminate rewards, and dramatically prevent small businesses from investing in their future,” Mastercard said in a letter.
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Biden administration seeks to erase medical debt from credit reports
In kicking off a medical debt rulemaking process, the CFPB aims to address the "tremendous burden" of medical debt, Vice President Kamala Harris said Thursday.
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Retrieved from Piqsels.
Holiday spending to increase 3.7%: Mastercard
Consumer outlays for electronics and at restaurants are expected to boost expenditures this year, according to the card network.
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Permission granted by Varo Bank
Varo aims to displace Venmo, Cash App volume with P2P feature
The bank has launched a feature enabling Varo account holders to instantly transfer funds at no cost to anyone with a U.S. debit card.
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Is X unfit to hold state money licenses?
Lawyers who sued the company on behalf of an imprisoned Saudi activist urged states to apply “heavy scrutiny” in reviewing the social media platform’s license requests.
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The image by 401(K) 2012 is licensed under CC BY-SA 2.0
California legislature passes plastic gift card ban
The state’s lawmakers approved a bill that would ban the use of plastic for gift cards by 2027, but it’s still waiting on the governor’s signature.
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JPMorgan taps Gusto to offer embedded payroll
Chase Payment Solutions’ small and medium-sized business customers can use Gusto to combine the payroll process with financial operations.
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Courtesy of Uber
Uber to add more payments tools to its app
The planned updates to Uber Eats include the addition of SNAP and healthcare benefits payments starting next year.
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Permission granted by The Harris Agency
Stadium payments competition heats up
Fiserv, Shift4 and rival payments players are vying aggressively for a bigger share of the market catering to pro teams, stadiums and other venues.
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Courtesy of Amazon
Amazon adds RFID to cashierless tech
The new capability enables cashierless shopping for goods such as clothing, fan gear, hats and shoes.
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EMVCo floats click-to-pay guidelines
The proposed guidelines are the latest effort by the organization to introduce more industry standards for payments processing.
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Brex adds AI tool
Brex, which got its start by offering corporate credit cards to startups, is one of many software vendors racing to bet on artificial intelligence.
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Courtesy of Square
Square CEO to depart
Alyssa Henry, CEO of Block’s merchant business Square, will leave the company Oct. 2, handing over the post to co-founder Jack Dorsey.
