InComm, Mastercard Partner for Wearable Devices
InComm, a payment technology company, and Mastercard are trying to make brick-and-mortar store payments seamless and secure. Last week, InComm announced that its prepaid MyVanilla Mastercard now works...
View ArticlePayPal Tests Incentives to Bolster Venmo Debit Card Adoption
PayPal is using cashback incentives to grow its Venmo debit card user base, an anchor that could help the company monetize Venmo over the longer term. This month, PayPal began offering new Venmo debit...
View ArticleWhy We Need Bank Innovation Build
There is a revolution going on inside banking. And that’s not just a cheap cliche. It is this revolution that has led us to present Bank Innovation Build, our newest conference, on Nov. 6-7. Allow me...
View ArticleLyft, Mastercard Partner to Offer Instant Payment, Banking for Drivers
Lyft drivers will now be able to get paid immediately and plug into a broader banking and personal savings ecosystem. The ride-hailing service is working with Mastercard and payments company Payfare on...
View ArticleATM numbers shrink as cashless trend grows in major markets
As a growing number of consumers swap out cash for mobile or card payments, ATM numbers globally have begun to fall. U.K.-based consultancy and research firm RBR reported today that the number of ATMs...
View ArticleWells Fargo Taps TransferMate for Cross-Border B2B Payments
Cross-border B2B payments provider TransferMate announced today that Wells Fargo will use its Global Invoice Connect platform to provide the bank’s U.S.-based commercial banking clients the ability to...
View ArticleCULedger Partners with R3 on Blockchain-Powered Cross-Border Payments
A credit union consortium is working on a blockchain-based cross-border payments tool aimed at serving 89,000 credit unions globally. CULedger, a group of credit unions working on distributed ledger...
View ArticlePayments Startup Marqeta Confirms $260m Funding Round
Card issuing platform Marqeta confirmed a $260 million Series E funding round to expand to new geographies, build more features and support new customer acquisition. Hedge fund Coatue Management led...
View ArticlePayday advance app Earnin expands personal finance toolkit
Payday advance app Earnin, which has been downloaded more than 11 million times according to Aptopia data, is on track to become a personal finance platform. It's building out its feature set through...
View ArticleInside Wells Fargo’s global payments strategy
Wells Fargo, through its partnership with cross-border B2B payments provider TransferMate, is showing its global payments ambitions. According to Judd Holroyde, Head of Global Product Management for...
View ArticleGlobal Payments acquires TSYS for $21.5b
The consolidation wave among payments companies got a major boost today with Global Payments’ acquisition of Total Payments Systems (TSYS) for $21.5 billion in stock. It’s the third major payments...
View ArticleBofA’s AI-powered assistant crosses 7 million users
One year after the launch of Bank of America's AI-powered digital assistant Erica, customers are starting to get comfortable turning to it for reports on their spending activity and for day-to-day...
View Article4 key takeaways on new opportunities from payment processors
Mastercard and Visa are looking at opportunities to expand their reach and capabilities in a rapidly changing, increasingly global payments landscape. Executives from the payments processing giants...
View ArticleDebt mgmt app Tally launches rewards-based savings
Tally, an automated debt management app that consolidates and pays down customers' debts, is adding savings to its personal finance toolkit. The three-year-old company, which has so far raised $42...
View ArticleJapanese payment app PayPay targets rural areas where cash is king
Japanese mobile payment app PayPay is embedding itself in rural areas to gain market share in a country where cash is still dominant. Indeed, cashless payments reportedly account for just 20% of...
View ArticleStartup Brex is raising money at a valuation above $2 billion
Just two years after it was founded, Brex Inc. is close to securing new funding at a valuation north of $2 billion, according to people familiar with the matter. The San Francisco-based startup — whose...
View ArticleU.S. Bank’s Dominic Venturo to speak at Bank Innovation Build 2019
Dominic Venturo, executive vice president and chief innovation officer at U.S. Bank, will participate in a fireside chat at Bank Innovation Build 2019, this website’s event on best practices in banking...
View ArticlePayPal enhances payments capabilities for e-commerce marketplaces
As Amazon grows the reach of its digital payments tool Amazon Pay, PayPal is ramping up its feature set for e-commerce marketplaces. In a blog post Monday, PayPal's chief operating officer Bill Ready...
View ArticleWestern Union taps Visa Direct to boost cross-border transfers
Global money transfer firm Western Union will implement Visa’s real-time push payments platform, Visa Direct, in an effort to speed up and bring transparency to cross-border, cross-currency money...
View ArticleMastercard to debut one-click checkout for online purchases
Taking a page from Amazon Pay, Mastercard is working with tech company EMVCo to create a one-click checkout experience for e-commerce customers. The payments giant said the new secure remote commerce...
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