The Australian government has announced its plans to introduce new legislation that would empower the Reserve Bank of Australia to regulate digital payment services, including digital wallet providers. This move comes as a response to the widespread use of digital payment services, which are currently unregulated, Treasurer Jim...
Payments firm Deluxe has launched a digital bill payment partnership with FinTech Aliaswire. The collaboration, announced Thursday (Sept. 28), adds Aliaswire’s DirectBiller bill payment technology to Deluxe’s network of banks, partners and direct clients. “Our goal is to facilitate our clients’ transition to digital payment offerings,” Michael Reed, division president of B2B payments at...
Payment infrastructure provider Mangopay has launched a partnership with digital commerce platform VTEX. The collaboration is designed to give marketplace operators a single pay-in and pay-out solution and provide frictionless buying and selling experiences, IBS Intelligence reported Tuesday (Sept. 26). According to the report, marketplaces powered by VTEX will be...
Payments technology company Shift4 has launched a partnership with nonprofit fundraising platform Give Lively. The collaboration, announced Saturday (Sept. 23), is designed to help nonprofits in the U.S. avoid “cumbersome and expensive” funding platforms. The companies say the partnership will see Give Lively add Shift4 as a payment processor...
The merchant acquiring model has undergone many changes since the introduction of the first general-purpose credit card in 1958. Back then, acquiring banks were responsible for finding merchants and signing them up to accept consumer payments using those cards. In the 1990s, independent sales organizations...
The travel and hospitality industry is experiencing a resurgence in revenue as it emerges from the impact of the COVID-19 pandemic. And to enhance the overall customer experience and streamline operations, establishments in this industry are embracing digital and instant payments. These innovative payment methods,...
African payments technology company Flutterwave has launched a digital solution aimed at addressing the challenges faced by Nigerians in accessing foreign currencies. Developed in partnership with Wema Bank and Kadavra BDC, and backed by the Central Bank of Nigeria (CBN), the new solution, Swap, is a secure and reliable platform that provides...
Hitachi Payment Services has debuted what it calls a first-of-its-kind cardless ATM in India. Announced Tuesday (Sept. 5), the company’s new offering is being rolled out in connection with the National Payments Corporation of India (NPCI), connecting to that organization’s UPI payments system and eliminating the need...
John (JP) Park, senior product manager of go to market strategy at Bank of America Merchant Services, told PYMNTS in an interview that the rise of contactless payments has been years in the making. Midway through the last decade, with the launch of mobile wallets, “that...