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The U.S. Treasury’s Bureau of the Fiscal Service says it wants nearly all payments coming out of the Treasury to happen electronically within the next nine years. In its annual letter to chief financial officers, the Bureau lists the move to 99% electronic payments by...
Hardware and payments platform Square, which was founded by Twitter’s CEO Jack Dorsey, is accelerating its European expansion, having launched its business in Ireland and France earlier this year. The company recently added a third country to its eurozone list, enabling businesses in Spain to...
Software company Lemonway and European open banking platform Tink are teaming up on Pay By Bank, an open banking-fueled initiative. The pairing brings Tink’s payment initiation services to Lemonway’s European customers and allows merchants to utilize a secure digital payment platform. Get the Full Story...
In a move to accelerate digital receipt adoption across Europe, the Finland-based digital receipt platform ReceiptHero announced on Thursday (Sept. 16) that it is partnering with Visa and Mastercard to provide an alternative to the paper receipt, allowing more merchants to send their receipts to...
It’s hard to quantify precisely, but COVID-19 clearly took a toll on enrollment at schools and colleges over the past few semesters. A combination of health concerns, remote learning restrictions, and campus closures kept many students from returning to campus and dealt a financial blow...
The pandemic fueled the necessity for both businesses and households to quickly adopt a digital-first way of managing just about every aspect of their lives, from school and work, to banking, paying bills, shopping, entertainment and more. Get the Full Story Complete the form to...
When much of the U.S. shut down because of the pandemic in March 2020, the hands-on nature of the hair and beauty industries saw them hit particularly hard, according to Kate Kirk, a vice president in U.S. Merchant Marketing at American Express. While other sectors,...
A London-based blockchain-based micropayment network called pingNpay has exited stealth mode, with its leadership announcing it will be operational in 2022, according to a press release emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
