The Latest
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FedNow attracts real-time payments early adopters
Companies partnering with the Federal Reserve to test the real-time payments system see it as a way to draw customers and get an edge on rivals.
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Sponsored by Justt
Visa says the recession is irrelevant at Merchant Risk Council 2023
Visa says a U.S. recession is nothing to worry about, but heightened fraud paints a different story.
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Convenience chain to install bitcoin ATMs
GetGo joins a growing list of convenience store operators adding bitcoin ATMs, as retailers seek new ways to bring customers inside their stores.
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Nacha CEO counts FedNow as competition
Although FedNow will be a competitor to the ACH network, it’s also poised to fill current gaps in the system, Nacha CEO Jane Larimer said Monday.
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DoorDash adds cash payment option
The company’s white label delivery service can now accept cash payments, which drivers would collect as part of their pay.
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Panera tests Amazon One palm payments at 2 cafes
Panera plans to expand the palm payments technology to as many as 20 cafes in the second stage of the test, depending on the outcome of the initial test.
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Amex shareholders to vote on abortion-related proposal
The card company sought to block the proposal from facing a shareholder vote at Amex’s annual meeting in May, but the SEC said it must be voted on.
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Brex, other fintechs stand by troubled banks
After a week of several high-profile bank failures and near-failures, some fintechs don’t see jumping ship as an option.
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Western Union CEO gives rivals respect
The legacy money transfer company has lost the advantage of scale over younger fintechs like Remitly and Wise, but it’s discounting digital services to claw back customers.
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Mastercard buys Baffin Bay Networks
The card network company said it bought the cybersecurity business to better combat cyber-attacks in an increasingly threatening environment.
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Apto Payments, Sardine team on anti-fraud tools
Apto Payments and Sardine are joining forces to offer commercial customers issuing cards better anti-fraud tools.
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Democrats slam card CEOs on gun code
A group of attorneys general took card company CEOs to task for pulling an about-face on implementing the gun merchant category code.
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BNPL firms snag consumers at checkout: J.D. Power
As buy now, pay later use rises, consumers are learning about the payment option at checkout, more so than from social media or family and friends.
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Payments execs detail SVB impact
The Silicon Valley Bank downfall that sent shockwaves through the financial industry forced fintechs, such as Affirm and Marqeta, to react fast.
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FedNow aims for late end of launch period
The Federal Reserve is targeting July, as opposed to the earlier end of its prior range, for starting its new real-time payments service.
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Fiserv, Jack Henry CEOs react to bank crisis
Payments processors’ CEOs this week described how their companies were affected by the recent bank industry turmoil, downplaying the impact.
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Retrieved from Meijer.
Meijer, Flashfood expand tie-up to include SNAP payments
The Midwestern grocer is the first of the food waste solution company’s partners to make the payment method accessible on the company’s app.
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Visa, Mastercard depict bank failure impact
As bank card issuers faltered this past weekend, the card networks monitored payments closely, Visa and Mastercard executives said at a conference.
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Amex bets on millennials, Gen Z for growth
As it pursues younger consumers, the company is angling to ensure its high-fee cards offer enough value for millennials and Gen Zers.
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Tilia C-suite gets overhaul
The payments startup has a new team of top executives to spearhead payments for gaming, social media and other next-generation marketplaces.
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Retail brands react to Silicon Valley Bank’s collapse
The merchants explained how the SVB situation had affected their sales, online commerce, payments and finances.
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Payments players caught in SVB fallout
As the banking crisis spread, payments players, such as FIS, and venture-backed firms, including Payoneer, were caught in the contagion.
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Affirm courts Amazon for more business
Even as it angles for an increase, the buy now, pay later provider’s CFO acknowledged Thursday that its juggernaut e-commerce partner has other BNPL options.
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Amex follows rivals in ditching gun code
Visa, Mastercard, Amex and Discover all said separately Thursday they’re holding off on earlier plans to implement a new gun merchant category code on their card networks.
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February retail, restaurant sales rise: Mastercard
U.S. retail sales climbed about 7% in February over last year, alongside increases in restaurant and travel spending, Mastercard said in a report.
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USDA picks 5 states for mobile SNAP payments pilot
Illinois, Louisiana, Massachusetts, Missouri and Oklahoma are working with the government agency to expand payment options for SNAP consumers.