Digital wallets began as a more convenient way to pay. They are now evolving into something more consequential: a platform for managing permissions. That evolution is becoming visible through two recent developments. Samsung’s launch of Samsung ID with CLEAR allows U.S. passport holders to store...
Square Financial Services (SFS), a wholly owned subsidiary of Block, has launched a deposit tier that pays a higher APY to Square sellers who maintain a daily balance of $10,000 or more in their Square Savings account. The new Square High Yield Savings offers these...
Plaid has introduced a tool designed to help customers make smarter ACH-payment-related decisions. “ACH is the backbone of the digital economy and one of the most cost-effective ways to move money, growing 17% over the last five years,” Annie Gao, Plaid’s product marketing manager, wrote on the...
Payments are no longer defined by moving money alone. They are defined by the quality, speed and intelligence of the data surrounding each transaction. A new report from PYMNTS Intelligence and FIS finds issuer processing is evolving from what was traditionally a back-end utility into...
Paymentus is launching products in tandem with its entry into “AI-native service commerce.” The new products, announced Tuesday (May 5), include the digital wallet BillWallet, and the “intelligent action and experience layer” Billeo. “Service commerce is not a one-time transaction; it’s an ongoing relationship between customers and the...
The European Central Bank (ECB) has signed agreements with three European standard setters to facilitate digital euro payments, if the digital euro regulation gets adopted by European Union (EU) co-legislators. The new agreements with European Card Payment Cooperation (ECPC), nexo standards and the Berlin Group allow the reuse...
Bolt has cut at least a third of its workforce amid reports of financial pressures. The move by the one-click checkout startup was first reported Sunday (April 5) by FinTech Business Weekly, with the company later confirming the layoffs and the one-third figure in conversations...
Digital payments have traditionally been a story of interfaces. Whether tapping a connected device or sending money through a platform’s API, the experience has been designed around the human intentions of clicking, confirming and completing a transaction. On Thursday (April 2), those legacy payments got...
The x402 protocol, a universal standard created by Coinbase to facilitate agentic payments, is moving to the Linux Foundation, a nonprofit organization focused on open source. The Linux Foundation is launching the x402 Foundation, which will serve as the neutral home for x402 and as the governing body for the standard,...