Two former Robinhood employees are aiming to take on Wise, PayPal and other global money transfer services with the launch of Atlantic Money, a fixed fee platform that promises to be a better deal than other foreign exchange (FX) services. Neeraj Baid and Patrick Kavanagh...
The number of transactions on the electronic payments network (EPN), the automated clearing house (ACH) for electronic funds transfers (EFT), increased by 9.6% last year, The Clearing House (TCH) announced Monday (March 7). The rise outpaced the broader ACH market as customers continued the shift...
The pandemic triggered a change in payments for midsized businesses, marked by a shift to digital and a modernization of the human factor of business. Stephen Markwell, head of payments product strategy and FinTech partnerships, commercial banking, at J.P. Morgan, told Karen Webster that the...
The world’s two largest credit card and digital payment processors both announced Saturday (March 5) that they were suspending operations in Russia in response to its unprovoked attack on Ukraine. In separate but similar statements issued within minutes of each other by Visa and Mastercard,...
In a 24/7 world of digital commerce that spans the globe, payments velocity — and the velocity of innovation itself — is critical. Aditya Mishra, vice president of product management at Plastiq, said that product teams can help improve financial services development — particularly when...
The achievement gap for financial institutions (FIs) seeking to solve their clients’ business-to-business (B2B) payments frictions is glaring. Although 66% of FIs perceive the ability to offer clients digital payment solutions for addressing B2B payment frictions as “very” or “extremely” important, only 30% say their...
Whether it’s for convenience, rewards or the benefits of better data security when making a transaction, consumers with revolving credit are using it not just to fund their spending splurges, but to manage their finances and boost long-term financial freedom. At a time when roughly...
You know the drill. Getting a debit card — or any payment card, really — can be a paperwork-heavy process, involving phone calls and waiting for cards to come in the mail. Bo Jiang, CEO of Lithic, told PYMNTS in an interview that in the...
As neobanks, FinTechs and banks jockey for market share, they must focus attention on the check — that signed paper payment instrument that is making inroads into the digital age. As Ingo Money CEO Drew Edwards told PYMNTS’ Karen Webster in an interview, checks can...
