The COVID-19 pandemic is fueling contactless payments as one financial mobile app company says without a public health crisis, it would have taken three years to see such a reduction in the use of cash. Square Inc., the San Francisco-based mobile payment company, said Tuesday...
Scotland-based Tesco Bank has announced that it’s the first financial institution (FI) in the United Kingdom to introduce technology that allows its 2.6 million credit card customers to more easily manage and pay their balances. The bank’s “Pay by Bank” platform will be enabled by...
In a year that will see more than 25,000 retail stores blink out of existence, with an estimated 16,000 restaurants having closed permanently by August, people could use some upbeat news. It’s out there. Signs of economic recovery are visible, as are inspiring stories of...
To get a sense of how widespread the interest is, Fed Governor Lael Brainard said in August the Boston Fed was teaming up with MIT to explore the infrastructure that might underpin digital currencies. Brainard said in a speech that digital greenbacks have the potential...
If you’re looking for something positive to smile about, this might do the trick: The Wall Street Journal recently reported that charitable giving for COVID-related causes now stands at about $13 billion. The paper said that exceeds the combined donations following the 9/11 attacks, the 2008 financial crisis, and...
Payments choice is the mantra of 2020, and payments flexibility powers those choices. Financial institutions (FIs) and merchants that offer that flexibility have an edge, as every legitimate transaction that is authorized and every fraudulent one that is stopped marks a step toward recovery. PYMNTS’...
Falkland Islands businesses have leaped forward in their digital banking capabilities under a recent partnership, which was announced on Tuesday (Sept. 8) as part of London Tech Week. Square and Mastercard are offering their services to the country’s merchants under the three-way deal, which also...
The rise of the coronavirus has spotlighted the need for corporate treasurers to make real-time decisions about cash management. J.P. Morgan’s Head of Global Liquidity Product Solutions Specialists, Lori Schwartz, told PYMNTS in a recent Masterclass that the very nature of liquidity management is changing...
Cash will always have a place among consumers — but its use is dwindling. Only 26 percent of all consumer payments are made in the U.S. with cash — and consumers are even starting to ditch plastic cards. For financial institutions (FIs) and enterprises that...
