Egypt’s central bank has given the green light to licenses that will let merchants accept contactless payments from mobile phones. Reuters reported the announcement Sunday (Sept. 26), noting that the bank did not say how soon the new system will go into effect or which...
Merchant payments are racing toward a digital paradise. It’ll be a world in which most financial transactions are not only cashless, but also increasingly cardless as payment innovations that accelerated during the pandemic continue to pick up steam as we enter the post-pandemic era. That’s...
While it’s tempting to think we will see the extinction of the paper check in the not-so-distant future, the reality is that a centuries-old form of payment is still widely used, especially in certain pockets of the economy. A new PYMNTS report found that 42%...
AMC might be looking to accept dogecoin as payment for movie theater tickets, a Wednesday (Sept.22) report said. The development came after AMC CEO Adam Aron launched a Twitter a poll, in which 77% of the 140,000 respondents said they wanted the chain to accept...
Payfare, a FinTech that provides payment and banking services for gig workers, has launched a collaboration with Visa to add Visa SavingsEdge to its platform. The Toronto company announced the project on Wednesday (Sept. 22), saying that it would begin with the nationwide DoorDash DasherDirect...
In trade finance on a global level, there’s a form of fraud known to exist but is hard to quantify because it’s only discovered when someone gets caught. It’s called duplicate financing fraud and it works like this: Because lenders have their own data systems...
Some 90 million U.S. consumers received mass payments in June 2021 alone, yet less than 60% of them were offered a choice in payment method. It reveals a major opportunity for companies doing mass payouts to add payments preference to the mix, while cutting costs...
Enterprise resource planning (ERP) in the digital age increasingly needs to embrace integrated payments. EVO B2B Vice President of Product Management Nikki Nguyen told PYMNTS that integrating payments into ERP software and tying them together with other back-office functions — such as accounting, payroll or...
Nothing is as certain as death and taxes, they say. And when it comes to payments and credit innovations experiencing explosive growth, particularly buy now, pay later (BNPL) — perhaps the certainty is that regulators will come knocking, at least when it comes to making...
