For digital currencies, as goes China, so will go the world? China, as is well-known, is in the midst of pilot programs tied to its digital yuan — offering both roadmap and competitive blueprint, of sorts, for other nations in the midst of their own...
Synchrony Bank will be able to offer a combination secured/unsecured credit card under a Consumer Financial Protection Bureau order posted Wednesday (Dec. 30). Synchrony Bank is a wholly-owned by Synchrony Financial Inc. Describing Synchrony’s application, government regulators wrote of the proposed product: “As with other...
Virtual cards and straight-through processing (STP) are poised to get more attention from buyers and suppliers as the pandemic recedes. As Nick Reid, director of B2B Partner Development at Conferma Pay, told PYMNTS, though not new, STP — which routes card payments and data automatically to suppliers...
The Central Bank of Kenya (CBK) is promoting the use of cashless transactions and is asking the providers of digital financial services to work together and encourage adoption. “Though the industry moved to enable interoperability of mobile wallets in 2018, this is limited to only...
When President Donald Trump signed the sweeping $900 billion pandemic relief bill into law on Sunday (Dec. 27), that put plans for stimulus payments to Americans into the headlines and onto the horizon once more. Unfortunately, the last round of relief — in which the...
We’re ticking down toward the end of a year that defies adjectives at this point. In the financial services space, there have been pandemic-fueled developments as well as dramatic business model accelerations. And as the dust settles and the 2021 predictions are rolling in, Ingo Money CEO...
It was a year in which consumers learned about new payment options and adopted them at a dramatic rate. As the year closes, PYMNTS calls out six payment methods that gained traction and attention, including a take from key executives in each category. Buy Now,...
The standard coupon experience isn’t great for either the consumer or merchant. The customer has to keep track of a piece of paper or code to hand over at the point of sale, while the merchant gets a fraction of the transaction’s funds and must...
Global payments platform Adyen is teaming up with the vertical payments startup Flywire to support the expansion of payments and receivables around the globe. “The global recession triggered by COVID-19 has thrust payments into the spotlight,” Darren Woodward, senior director of payments and global cards...