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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
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...
Payments orchestration platform Spreedly has launched a new group of professional services offerings to help its partners optimize payments solutions, the FinTech software firm announced in a Tuesday (April 13) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Banks have not always been the most technologically forward-thinking organizations out there. Go back in time a short four or five years and start throwing the term “cloud computing” around and the response would more likely be blank stares or frowns than any kind of...
The term “gift card,” as of the year 2021, is becoming something of a misnomer, as a gift card may or may not be given as a gift — and may or may not be presented in the form of a tangible “card.” In lieu...
Spending via debit and credit card use in the United Kingdom has reached 88 percent of its pre-pandemic level — its highest level since Christmas, the government’s central statistics office reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Instacart and DoorDash, which both have seen big gains during the pandemic, are each planning to roll out credit cards, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
