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Join 1000+ of your peers for The Future of FedNow virtual event where the Payments Dive editorial team along with other industry experts from the Federal Reserve, ACI Worldwide and Walmart will discuss the impact of FedNow on the U.S. payments landscape.
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1 week left! Join the editorial team from Payments Dive, along with other industry experts, as we discuss the impact of FedNow on the U.S. payments landscape.
Speakers include Daniel Baum from the Federal Reserve, Bridget Hall from ACI Worldwide, and Matt Howarter from Walmart. Together, they will explore key questions such as:
1. How does the uptake of FedNow compare to initial expectations?
2. What factors might influence banks to adopt FedNow this year?
3. How will faster payments through FedNow and its rival RTP network reshape American commerce?
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FedNow is changing the US payments industry as one of the only real-time payments systems. Join the editorial team from Payments Dive for their live virtual event, The Future of FedNow. They’ll chat with industry experts about the potential ripple effect this new system will have on banks and more.
Register for free by April 24th: https://cutt.ly/Sw9rF0cv
Join the Payments Dive editorial team for a live virtual event (https://cutt.ly/Sw9rF0cv) exploring the use cases of the newly launched instant payment system ‘FedNow’.
Joined by industry professionals, we’ll discuss how banks plan to handle the potential effects this new real-time payments system will have on the industry.
Register before April 24th!
Join the Payments Dive team for their live virtual event, The Future of FedNow, happening on April 24th. Our editorial team will be joined by industry experts to discuss how the launch of the Federal Reserve’s instant payment system has changed the payments industry. Don't miss out on this insightful event and register today: https://resources.industrydive.com/the-future-of-fednow?utm_source=PD&utm_medium=Facebook-Pinned&utm_campaign=Q22024PaymentsDiveLive
For anyone who needs to be up to speed on what's happening in payments in 2023, check out our series of outlook pieces, starting with this one (and clicking to the others linked in it):
FedNow, embedded payments, deal-making, cybersecurity and more mature BNPL will be dominant themes, among others, in the industry this year.
Payments Dive this week embarked on a new project to be part of the emerging payments industry discussion focused on how perpetrators of mass shootings pay for their guns. The issue arose in a controversial way earlier this year. With this coverage, we will seek to track payments data related to the incidents and be a resource for the ongoing conversation on the tragic topic. https://www.paymentsdive.com/news/active-shooters-payments-guns-card-ecommerce-cash/631872/
Payment methods used by active shooters to acquire guns are becoming part of the U.S. dialogue about such incidents. A new Payments Dive series tracking those details seeks to inform the discussion.
This year's holiday season brings new challenges with rising inflation rates, evolving consumer trends, supply chain disruptions, and shifts in payment methods and technology. Join our expert team of journalists for an in-depth discussion to learn how to navigate through these challenges. Register today: https://resources.industrydive.com/signed-sealed-delivered?utm_source=PD&utm_medium=Facebook-Pinned-Post&utm_campaign=HolidayDiveLive
This week we wrote about a pair of feisty figures in the payments arena. A 20-something checkout tech entrepreneur stepping telling off Silicon Valley and then stepping aside as CEO. And on the other coast, a firebrand federal regulator who's flexing his muscles on a bunch of different fronts just a few months into his new job. If you're looking for drama in this corner of financial services, it doesn't get much better than this:
https://www.paymentsdive.com/news/cfpb-director-chopra-takes-on-tough-payments-issues/617919/
https://www.paymentsdive.com/news/bolt-ceo-ryan-breslow-steps-down/618058/
Ryan Breslow, founder of checkout technology startup Bolt, left his CEO post Monday, shifting to an executive chairman role. The move comes days after he attacked global payments fintech Stripe and startup accelerator Y Combinator on Twitter.
When was the last time you used an ATM?
As cash use declines, ATMs are disappearing. The U.S. count for such automated tellers peaked in 2019 and is headed down, according to data from the research firm Euromonitor International.
The international community is weighing kicking Russia out of the Swift global payments network as a sanction for country's aggression in Ukraine, but it could backfire.
The international community is weighing kicking Russia out of the Swift global payments network as a sanction for the country's aggression in Ukraine, but it could backfire.
Buy now-pay later businesses, restaurant-related fintechs and cybersecurity firms were all hot targets for payments acquisitions last year.
More than $50 billion in acquisitions were announced last year by companies in the payments arena. That wasn't a record, but it still ranked among one of the industry's busiest years for deal-making.
In 2022, the demand for contactless, online, digital, frictionless and speedier payments will only increase as the pandemic continues to drive innovation in the industry. https://www.paymentsdive.com/news/7-payments-trends-for-2022-as-innovation-climbs/616455/
From cross-border services to BNPL to cybersecurity tools, there will be no shortage of innovation and competition in the payments industry as businesses and their regulators shape new digital tools in the wake of the COVID-19 pandemic.
Sift said it will provide Keyless’ authentication services to online retailers and businesses internationally.
The fraud prevention company plans to use $75 million in new funding this year to hire more employees across engineering, sales and product positions.
E-commerce juggernaut Amazon.com on is upping the ante in its battle against card giant Visa, informing United Kingdom merchants that it won’t accept U.K.-issued Visa credit cards for transactions.
The move by the e-commerce behemoth Amazon to reject U.K. Visa cards is putting pressure on Visa to lower card transaction fees worldwide.
Podium will use the money to add more small business clients and develop additional payments, communications and marketing tools.
After entering the payments business last year, the company says it’s on pace to process about $1 billion in transactions this year.
Payments firms are betting on crypto’s growth as an asset class to fuel crypto adoption at checkout.
Payments firms are betting on crypto's growth as an asset class to fuel crypto adoption at checkout.
Tap-to-phone are expected to grow, as shipment of mobile POS terminals globally is expected to grow to 32 million units by 2026 from 20 million this year, a 56% uptick. mPOS's low cost, low hardware integration and mobility will attract many small- and medium-size businesses (SMBs), experts say.
As the need for mobile point-of-sale devices grows, companies are looking toward smartphones to streamline contactless payments.
Major card companies are looking to reduce their carbon footprint by pivoting to materials like ocean-recovered plastic, as nearly 55 million pounds of plastic was created through credit & debit cards production in 2020.
Card issuers, networks and manufacturers are working to shrink their carbon footprint as consumers become more environmentally conscious and global carbon emissions climb.
Payveris aims to rival P2P platform Zelle by starting its own solution for banks and credit unions. The product is for institutions that aren't able to use Zelle bcz of cost, tech or competitive reasons.
Payveris contends that its P2P toolset is more cost-effective than that of its big, bank-backed rival Zelle, and less of a competitive concern for smaller institutions.
Nearly $2 billion in mobile payments were processed daily in 2020, while almost 75% of businesses were hit by payment scams. Executives are looking to increase payments security to tackle rising fraud.
Payments are a critical part of the nation's infrastructure, so executives in the industry are under pressure to understand the evolving threat landscape.
Visa is rolling out payments services for Canadian merchants to gain a sizeable market share of the growing Canadian flexible sector as adoption rate increased by 30% over the last year in .
The credit card network company is making the new installment payment option available to merchants in Canada, where buy now-pay later adoption has been growing fast.
Interoperability of among different jurisdictions will give cross-border a 'clean slate' to develop a new payment infrastructure unlike the current fragmented procedure, a recent report by BIS, International Monetary Fund and World Bank said.
Global coordination for central bank digital currency "designs could lead to more efficient cross-currency and cross-border payments,” the Bank for International Settlements report this week said.
6 in 10 merchants worldwide reported higher rates of fraud in 2020 and are struggling to cope with rising fraud that impacts business revenue, a recent FIS & Worldpay report said.
Six in ten merchants across the globe reported higher rates of e-commerce fraud in 2020 and are struggling to cope with rising payments fraud that impacts business revenue, a recent FIS report stated.
Consumer spending for the month of June increased 11% YoY, while spending grew by 8.3% YoY, according to a recent Mastercard report.
Consumer spending and travel is picking up, reaching or exceeding pre-pandemic levels in certain retail sectors, a Mastercard report shows.
Binance says that Barclays UK ban on card stems from 'inaccurate understanding of event' and the company is open for a 'dialogue' with one of the biggest British banks. The company is facing increasing regulatory pressure across the globe.
The crypto exchange said Barclay's decision to block U.K. consumers' credit and debit card payments to Binance is based on a misunderstanding regarding a U.K. regulatory action. Binance is facing…
Splitit launched in-store BNPL payment option today, where consumers can initiate a payment by scanning a at the POS and complete the via Apple Pay and Google Pay.
https://buff.ly/3ACvzGQ
The Australian company is adding the new in-store digital wallet payment options as it looks to compete in the increasingly crowded U.S. market.
Paysafe is expanding its partnership with FOX Bet to enable bettors in state to place secure sporting bets over the internet or mobile through the company's digital wallet and eCash paysafecard offering.
Paysafe is pushing aggressively into the online sports betting and video gaming industries with its payments technology as those industries grow in the U.S.
Zettle by PayPal is launching in the U.S. to enable SMBs initiate via on their POS. PayPal's Zettle aims to compete with Square and Clover POSs by providing competitive transaction fees.
The new Zettle offering in the U.S. will provide QR code-based payment options for in-store purchases.
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