When Apple Pay launched in 2014, it promised a future free of plastic. Over a decade later, the ripples of that revolution are still unfolding across the way consumers pay, but not in the way observers may have expected a decade ago. While digital wallets...
In March, President Donald Trump signed an executive order that mandated a shift away from paper checks for government-related transactions. Disbursements from federal agencies, payments to those agencies and transactions across supply chains will be done via direct deposit, debit and credit cards and electronic...
Fool me once, shame on you. Fool me twice, shame on me. Fool me thrice, won’t get fooled again. That’s the emerging story when it comes to shoppers and payments fraud. And with cybercriminals lurking, a growing number of U.S. consumers are ditching their plastic...
While U.S. consumers enthusiastically embrace digital wallets for sending money to friends and family, they notably trail several other developed nations in adopting mobile payments at physical store locations, highlighting a bifurcated digital payment landscape stateside. According to “How the World Does Digital,” a data-driven...
Canadian FinTech company Nuvei has joined the European Payments Initiative (EPI) and plans to enable eCommerce businesses to accept EPI’s digital wallet, Wero, in their online checkouts. Nuvei will begin pilot programs this month and expects to make this capability generally available for merchants in September, the company said in a...
AAA Life Insurance Company, which is part of the American Automobile Association (AAA), will use One Inc’s PremiumPay solution as its primary platform for digital payment processing. PremiumPay will reduce paper billing; allow policyholders to make inbound premium payments through Venmo, PayPal and other direct...
What if paying online didn’t mean putting your actual credit or debit card number at risk of fraud or purchasing errors? What if your card was ready to use instantly, before the plastic even shipped? Virtual cards can have these and other features. And consumers are...
Stripe announced Wednesday (May 7) new product launches focused on leveraging artificial intelligence (AI) and stablecoins to support business growth. Among these, the company debuted an AI foundation model to improve fraud detection and authorization rates. Dubbed the Payments Foundation Model, it is trained on...
Priority Sports, a unit of payments and banking solution provider Priority, said it has been handling ticket sales transactions for the Minnesota Wild, a professional hockey team, since March. “The launch of Priority Sports is a strategic expansion of our mission to simplify and optimize...