In today’s top news, Amazon is launching its pay by hand technology in Seattle Whole Foods stores, and Venmo users can now trade in cryptocurrencies. Plus, Afterpay is exploring a public listing in the U.S. Amazon’s Biometric Tech Lets Whole Food Shoppers Pay By Hand...
As the lingering impact of the pandemic abates (at least somewhat), as job growth signals economic growth and as consumers keep spending, we may be poised to see a shift from debit spending back toward credit. Earnings season is in full swing, and the slew...
Payments processor Spreedly said its payments orchestration platform has been used for 172 million revenue transactions in the first quarter of this year, according to a press release emailed to PYMNTS. The company aims for “secure, agnostic and flexible” operations, the release stated, and the...
For consumers, the payments industry has worked hard to take the friction out of every transaction. Look no further than contactless payments and their development over the past year for proof. However, not as much attention has been paid to the business side of the...
Take a short trip back in time, back to the dawn of the Internet era in the late ’90s. Argentina was not a country known for payments innovation. Cash was king. Competition for its throne was minimal. Banks dominated the segment and there was no...
Octopus, a smart card operator in Hong Kong, is introducing transit cards for public transportation users in more than 300 Chinese cities, the South China Morning Post (SCMP) reported. Under the company’s offshore expansion plan, Octopus transit card users will be able to cover payments for...
The old maxim “slow and steady wins the race” definitely does not apply when it comes to onboarding merchants to their payment processors. If onboarding is about assessing merchant risk — and it certainly is — speed matters. Payment facilitators and other providers strive mightily to reduce underwriting review and...
It’s not an easy task to get the European Union to speak in a single voice for anything. With 27 member states in motion and the U.K. on its way out, it’s a powerful group of countries stitched into a shared economy but one that’s...
The ACH network marked a record-setting quarter as its volume skyrocketed in the first few months of 2021. According to Nacha, which oversees the direct deposits and payments network, ACH saw a quarterly volume of 7.1 billion payments, an 11.2 percent increase over the first...
