Early Warning Services, LLC (EWS), a FinTech owned by seven of the nation’s largest banks, and The Clearing House (TCH) announced that Zelle® transactions can now be cleared and settled through the RTP® network, according to a press release emailed to PYMNTS. Get the Full...
The Federal Reserve system allowing financial institutions (FIs) to send money back and forth was down for several hours on Wednesday (Feb. 24), CNBC reported. However, it appeared to be coming back online by later in the afternoon. Get the Full Story Complete the form...
Mastercard and Deutsche Bank are linking up to develop “innovative digital payment solutions for companies.” According to a press release, the collaboration will target businesses, helping them reach new customers, “develop digital business models and expand sales channels in Germany and beyond.” Get the Full...
Mastercard is partnering with mobile wallet provider Island Pay and the Central Bank of The Bahamas to launch the first ever prepaid card that lets people pay using the nation’s central bank digital currency (CBDC), the Bahamas digital Sand Dollar. Get the Full Story Complete...
Full steam ahead for the digital dollar — but no go for bitcoin as (widespread) transaction mechanism? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
Digital payments and FinTech company Mogo has announced that its subsidiary, Carta Worldwide, will be expanding into the U.S., according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
There has been no shortage of downbeat economic statistics over the past year, from high unemployment rates to declining gross domestic product (GDP) values. Consumers and businesses have demonstrated remarkable resiliency and adaptability during the past 12 months, however, and commerce, rather than disappearing, has...
We got caught snoozing by COVID with a paper check dependence that remains problematic, despite there being all manner of digital alternatives. Happily, we’ve learned from all this. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
European Central Bank (ECB) member Fabio Panetta says the digital euro could pass negative interests rates to customers, Bloomberg writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
