Stablecoins were supposed to make payment networks less necessary. Visa’s new stablecoin platform, introduced Thursday (July 16), suggests a different outcome. The move comes on the heels of Visa’s June announcement that it had joined a 140-plus member Open Standard consortium to launch Open USD...
Mastercard has introduced a set of software tools and services designed to make it easier for companies to create digital wallet capabilities on both iOS and Android and add contactless payments to their apps. The new Mastercard Wallet Services is designed for banks, FinTechs, merchants and digital platforms. It is...
Fraudsters and privacy-conscious consumers have one thing in common. Neither wants to be easily found. For years, that overlap didn’t matter much. Privacy-minded consumers wanted to limit their data exposure and control how merchants stored their credentials. Fraudsters wanted to hide stolen identities and card...
Mastercard is reportedly considering a sale of its U.K. retail payments business Vocalink. That’s according to a report Monday (July 13) from the Financial Times (FT), which says this move comes as Mastercard fields concerns about a “strategically critical” asset being under American ownership. These...
European FinTech ZEN.COM has expanded its financial platform to include Mastercard Click to Pay. This feature joins a platform that already includes multicurrency accounts, foreign exchange, instant cashback, purchase protection and everyday payments, ZEN.COM said in a Friday (July 3) press release. The integration of...
Cards continued to account for the greatest number of noncash payments in the United States in 2024, while ACH payments continued to account for the highest value of noncash payments. Both of those trends were true by a wider margin than three years earlier, according...
Visa introduced new ways to help small businesses manage payments via smartphone. The capabilities are for the company’s Visa Pay, Visa Accept and Visa Direct offerings and are designed for small businesses in emerging markets, according to a Tuesday (June 30) press release provided to...
China’s Tencent is reportedly testing an app designed for overseas travelers to its country. TenPayGo was created to function as a one-stop digital services platform that includes mobile payments, Bloomberg News reported Sunday (June 28), citing Jiemian News. The app, now being tested, lets users...
Visa has launched a travel platform as it moves to expand its role beyond payments. Visa Destinations, announced Thursday (June 25), is live now in Paris, London, Dubai, Milan, Rome, Mexico City, New York City, Miami, San Francisco and Thailand. “Travel is expected to grow 10% annually over...