A burst of announcements, from Visa’s “buyer-protected” account-to-account (A2A) service in the U.K. to fresh funding for variable recurring payments, has pushed bank-to-bank transfers back onto corporate agendas. Yet the vocabulary can feel like alphabet soup. Below is a glossary that puts the main terms...
Visa A2A’s latest update, announced this morning (June 2), connects card-style buyer protections onto pay-by-bank transfers, promising U.K. consumers and merchants a safety net that the market’s open-banking rails have largely lacked. According to Visa, its A2A platform is “market-ready” for bill and subscription payments,...
Today’s consumers demand faster, cheaper and more transparent payments. The goal is to provide a familiar experience regardless of what’s happening under the hood. “Payments should just work” could be one of the overarching themes of the 2020s FinTech, banking and crypto innovation landscape. It...
Mastercard has launched a suite of digital tools, data and educational resources designed for small- to medium-sized businesses (SMBs) in the U.S. The company’s Small Business Navigator program offers small businesses “real, actionable support,” Ginger Siegel, head of small business in the U.S. at Mastercard, said in a...
Visa has named banking veteran Antony Cahill to head its European operations. Cahill replaces European CEO Charlotte Hogg, who is leaving the company after eight years to pursue a new opportunity, the payments giant announced in a Tuesday (May 27) news release. “We are grateful...
Citi has debuted its PayTo initiator, a payment solution for its institutional clients. PayTo lets clients access what Citi calls a “faster, cost-effective, and more secure” alternative to credit cards, debit cards or direct debits, per a Tuesday (May 20) press release. With PayTo, those “clients...
Visa launched Visa Commercial Integrated Partners, a program to help businesses embed payments into their products and platforms. The program is designed to cover companies ranging from ERP platforms that streamline reconciliation processes to connected commerce applications that enable in-vehicle fleet transactions, Visa said in...
It’s no secret that the world is moving faster. In parallel, the way we move money is evolving just as rapidly. Over the past decade, digital wallets have gone from niche FinTech novelties to powerful tools reshaping the landscape of global payments. From Gen Z...
The Georgia Department of Banking and Finance said Wednesday (April 30) that Fiserv merchant acquirer limited purpose bank (MALPB) has become the nation’s first chartered MALPB to process card-based payment transactions. The department said in a press release that the wholly owned subsidiary of Fiserv had its...