February 26, 2020A big change is coming to Mastercard, which will soon be marking the end of an era as its longtime CEO Ajay Banga departs from the role of CEO and moves on ...
February 26, 2020PYMNTS recently spoke with Saqib Sheikh, global head of SWIFT’s ISO 20022 program, to learn more about SWIFT’s commitment to assist the financial community in the transition to the new ...
February 26, 2020Billions of dollars in earnings. Billions of dollars in the bank.
Time to go shopping?
As reported by CNBC, Jamie Dimon, CEO of JPMorgan, said at the company’s investor day Tuesday that ...
February 25, 2020The Commerce Department’s Bureau of Economic Analysis (BEA) in the U.S. wants to change a rule for a survey that compels financial service companies to reveal whether they have done ...
February 25, 2020This week’s look at the latest in payment rail innovation finds solution providers largely embracing the opportunity to develop new technologies for legacy payment rails. Some firms are focusing on ...
February 25, 2020Mastercard said in a statement Monday (Feb. 24) that the coronavirus outbreak could hurt its revenues this year and that caused the company’s shares to dip on the news.
The company ...
February 18, 2020FinTech startup EasyEuro — based in both Paris, France and Shenzhen, China — has closed a $4 million pre-funding deal to launch a Neobank (a 100 percent digital bank) that ...
February 17, 2020Commerce is increasingly crossing borders and currencies, digitally, affording firms of all sizes, and across all verticals, opportunities to tap into new markets.
Managing and executing payments globally can be a ...
February 14, 2020The death toll from the coronavirus is mounting. The global impact is worsening. And business, increasingly, is feeling the pinch.
A few weeks ago it seemed the focus was on the ...
February 14, 2020The increasing number of businesses using cards over cash could prompt some companies in the U.K. to stop using cash altogether after hundreds of years with that as the primary ...
February 14, 2020British bank Standard Chartered and payments firm Assembly Payments have established a joint venture in Singapore to bring payment solutions to its $29 trillion global eCommerce market, the companies announced ...
February 14, 2020As large banks and FinTechs worldwide wrestle over data-sharing, JPMorgan Chase & Co has reportedly set a mid-summer deadline for FinTechs to ink new data access agreements. FinTech firms will ...
February 13, 2020At its investor day presentation Tuesday (Feb. 11), Visa executives laid out a roadmap to displacing cash and checks across the global stage, digitizing payments through click to pay, tap ...
February 13, 2020Consumers reported losing $201 million to romance scams last year — an almost 40 percent increase since 2018 per new U.S. Federal Trade Commission data from the Consumer Sentinel Network, ...
February 12, 2020Artificial intelligence, automation and cloud computing company Esker has integrated with Stripe Connect to help companies streamline the processing of payments across borders using a single provider, according to a ...
February 12, 2020With corporate cards growing their market share, the payment tool is finding opportunity in more areas of the enterprise, from cross-border corporate payments to accounts payable.
While this week’s look at ...
February 12, 2020With a slight miss on earnings and revenue numbers and year-on-year declines in both areas, investors seemed a bit nervous in after-hours trading Tuesday (Feb 11) when Western Union reported ...
February 11, 2020Cross-border transfers over SWIFT’s global payments innovation (gpi) topped $77 trillion last year, almost double the $40 trillion that moved through the service in 2018, SWIFT announced on Tuesday (Feb. ...
February 11, 2020In cross-border trade, trust has historically been a critical part of the equation. Corporate buyers must trust that their suppliers will deliver what they promised. Vendors, meanwhile, must trust that ...
February 11, 2020To improve the financial lives of millions of Americans, speed matters — especially for FinTechs seeking to bring new products to market digitally and to target consumers underserved by traditional ...
February 7, 2020Cross-pollination in financial services — leveraging payments across digital and physical channels — is an emerging trend, especially when it comes to cross-border transactions, and especially with remittances.
To that end, ...
February 7, 2020There is already a significant level of friction that large conglomerates face when sending and receiving payments to and from each other. Between a continued reliance on legacy tools and ...
February 7, 2020It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists.
In ...
February 7, 2020Specializing in on-demand production of merchandise, Moteefe, an e-commerce platform, has obtained $5 million in Series A funding, according to published reports Thursday (Feb. 6).
Gresham House and Force Over Mass ...
February 6, 2020Through an effort to enable cross-border payments, Postepay clients can now access the cross-border and cross-currency platform of Western Union to send funds around the world. The arrangement brings together the assets ...
February 5, 2020FinTech unicorn Airwallex is partnering with Visa to introduce a borderless card for businesses, the companies announced on Wednesday (Feb. 5).
The Airwallex Borderless Card is being debuted in Australia after ...
February 5, 2020The rise of the gig economy is inexorable. By some estimates, within this decade, about half of the U.S. workforce will be made up of self-employed individuals. With the rise ...
February 4, 2020Visa has announced that it will sell cross-border payments company Earthport’s foreign exchange (FX) business to Pollen Street Capital’s Currency Holdings, according to a report.
Visa, which acquired Earthport in May ...
February 4, 2020A quick survey of the most recent edition of the PYMNTS Buy Now, Pay Later Tracker indicates that a genuine sea of change is rising when it comes to how merchants want to ...
February 3, 2020Ajay Banga, the chief executive officer (CEO) of Mastercard, is adamantly against any attempts to fracture the Global Payments Systems (GPS) into national domains, Financial Times (FT) reported on Sunday ...
February 3, 2020Remember that old term “banker’s hours?”
That term, which fairly or unfairly suggested that banks were centers of slow-moving progress and relatively easy professional work, is long gone. Indeed, banks represent ...
January 31, 2020The most high-profile B2B FinTech investment this week went to cross-border payments technology firm Currencycloud, thanks to Visa’s participation in an $80 million funding round. But it wasn’t the only ...
January 30, 2020Visa’s fiscal first-quarter results showed an acceleration of cross-border volumes, while contactless payments continued to gain ground in the U.S. and beyond.
Headline results showed earnings per share of $1.46, which ...
January 30, 2020When it comes to payments in commerce, what — and who — you don’t know can hurt you.
Underpinning that is the fact that the movement of money itself is all ...
January 30, 2020The European Union (EU) wants to create a single market of data that will challenge the dominance of private companies like Amazon and Google, according to Reuters Wednesday (Jan. 29).
According ...
January 29, 2020Mastercard posted fourth quarter results Wednesday (Jan. 29) that showed increased spending on cards and across borders up double digits.
Management expressed confidence about continued uptake of new payment flows such ...
January 28, 2020French banking subsidiary La Banque Postale is teaming up with Western Union to expand cross-border payments, Western Union announced on Tuesday (Jan. 28).
La Banque Postale is the banking subsidiary of ...
January 27, 2020Currencycloud, a U.K.-based FinTech focused on cross-border payments, said Monday (Jan. 27) it had received the equivalent of $80 million from a series of investors including Visa.
Other investors included World ...
January 24, 2020It’s the unforeseen events that send economies into rough patches, toward slowing growth and even into decline.
And while we’re not speculating that an economy that grows 6 percent a year should ...
January 24, 2020While there was no shortage of goings on this week, the eyes and ears of the payments, commerce and finance enthusiasts were more likely trained on the goings on in ...
A big change is coming to Mastercard, which will soon be marking the end of an era as its longtime CEO Ajay Banga departs from the role of CEO and moves on ...
PYMNTS recently spoke with Saqib Sheikh, global head of SWIFT’s ISO 20022 program, to learn more about SWIFT’s commitment to assist the financial community in the transition to the new ...
Billions of dollars in earnings. Billions of dollars in the bank.
Time to go shopping?
As reported by CNBC, Jamie Dimon, CEO of JPMorgan, said at the company’s investor day Tuesday that ...
The Commerce Department’s Bureau of Economic Analysis (BEA) in the U.S. wants to change a rule for a survey that compels financial service companies to reveal whether they have done ...
This week’s look at the latest in payment rail innovation finds solution providers largely embracing the opportunity to develop new technologies for legacy payment rails. Some firms are focusing on ...
Mastercard said in a statement Monday (Feb. 24) that the coronavirus outbreak could hurt its revenues this year and that caused the company’s shares to dip on the news.
The company ...
FinTech startup EasyEuro — based in both Paris, France and Shenzhen, China — has closed a $4 million pre-funding deal to launch a Neobank (a 100 percent digital bank) that ...
Commerce is increasingly crossing borders and currencies, digitally, affording firms of all sizes, and across all verticals, opportunities to tap into new markets.
Managing and executing payments globally can be a ...
The death toll from the coronavirus is mounting. The global impact is worsening. And business, increasingly, is feeling the pinch.
A few weeks ago it seemed the focus was on the ...
The increasing number of businesses using cards over cash could prompt some companies in the U.K. to stop using cash altogether after hundreds of years with that as the primary ...
British bank Standard Chartered and payments firm Assembly Payments have established a joint venture in Singapore to bring payment solutions to its $29 trillion global eCommerce market, the companies announced ...
As large banks and FinTechs worldwide wrestle over data-sharing, JPMorgan Chase & Co has reportedly set a mid-summer deadline for FinTechs to ink new data access agreements. FinTech firms will ...
At its investor day presentation Tuesday (Feb. 11), Visa executives laid out a roadmap to displacing cash and checks across the global stage, digitizing payments through click to pay, tap ...
Consumers reported losing $201 million to romance scams last year — an almost 40 percent increase since 2018 per new U.S. Federal Trade Commission data from the Consumer Sentinel Network, ...
Artificial intelligence, automation and cloud computing company Esker has integrated with Stripe Connect to help companies streamline the processing of payments across borders using a single provider, according to a ...
With corporate cards growing their market share, the payment tool is finding opportunity in more areas of the enterprise, from cross-border corporate payments to accounts payable.
While this week’s look at ...
With a slight miss on earnings and revenue numbers and year-on-year declines in both areas, investors seemed a bit nervous in after-hours trading Tuesday (Feb 11) when Western Union reported ...
Cross-border transfers over SWIFT’s global payments innovation (gpi) topped $77 trillion last year, almost double the $40 trillion that moved through the service in 2018, SWIFT announced on Tuesday (Feb. ...
In cross-border trade, trust has historically been a critical part of the equation. Corporate buyers must trust that their suppliers will deliver what they promised. Vendors, meanwhile, must trust that ...
To improve the financial lives of millions of Americans, speed matters — especially for FinTechs seeking to bring new products to market digitally and to target consumers underserved by traditional ...
Cross-pollination in financial services — leveraging payments across digital and physical channels — is an emerging trend, especially when it comes to cross-border transactions, and especially with remittances.
To that end, ...
There is already a significant level of friction that large conglomerates face when sending and receiving payments to and from each other. Between a continued reliance on legacy tools and ...
It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists.
In ...
Specializing in on-demand production of merchandise, Moteefe, an e-commerce platform, has obtained $5 million in Series A funding, according to published reports Thursday (Feb. 6).
Gresham House and Force Over Mass ...
Through an effort to enable cross-border payments, Postepay clients can now access the cross-border and cross-currency platform of Western Union to send funds around the world. The arrangement brings together the assets ...
FinTech unicorn Airwallex is partnering with Visa to introduce a borderless card for businesses, the companies announced on Wednesday (Feb. 5).
The Airwallex Borderless Card is being debuted in Australia after ...
The rise of the gig economy is inexorable. By some estimates, within this decade, about half of the U.S. workforce will be made up of self-employed individuals. With the rise ...
Visa has announced that it will sell cross-border payments company Earthport’s foreign exchange (FX) business to Pollen Street Capital’s Currency Holdings, according to a report.
Visa, which acquired Earthport in May ...
A quick survey of the most recent edition of the PYMNTS Buy Now, Pay Later Tracker indicates that a genuine sea of change is rising when it comes to how merchants want to ...
Ajay Banga, the chief executive officer (CEO) of Mastercard, is adamantly against any attempts to fracture the Global Payments Systems (GPS) into national domains, Financial Times (FT) reported on Sunday ...
Remember that old term “banker’s hours?”
That term, which fairly or unfairly suggested that banks were centers of slow-moving progress and relatively easy professional work, is long gone. Indeed, banks represent ...
The most high-profile B2B FinTech investment this week went to cross-border payments technology firm Currencycloud, thanks to Visa’s participation in an $80 million funding round. But it wasn’t the only ...
Visa’s fiscal first-quarter results showed an acceleration of cross-border volumes, while contactless payments continued to gain ground in the U.S. and beyond.
Headline results showed earnings per share of $1.46, which ...
When it comes to payments in commerce, what — and who — you don’t know can hurt you.
Underpinning that is the fact that the movement of money itself is all ...
The European Union (EU) wants to create a single market of data that will challenge the dominance of private companies like Amazon and Google, according to Reuters Wednesday (Jan. 29).
According ...
Mastercard posted fourth quarter results Wednesday (Jan. 29) that showed increased spending on cards and across borders up double digits.
Management expressed confidence about continued uptake of new payment flows such ...
French banking subsidiary La Banque Postale is teaming up with Western Union to expand cross-border payments, Western Union announced on Tuesday (Jan. 28).
La Banque Postale is the banking subsidiary of ...
Currencycloud, a U.K.-based FinTech focused on cross-border payments, said Monday (Jan. 27) it had received the equivalent of $80 million from a series of investors including Visa.
Other investors included World ...
It’s the unforeseen events that send economies into rough patches, toward slowing growth and even into decline.
And while we’re not speculating that an economy that grows 6 percent a year should ...
While there was no shortage of goings on this week, the eyes and ears of the payments, commerce and finance enthusiasts were more likely trained on the goings on in ...
