Visa’s fiscal third quarter results showed continued momentum in new payment flows — and further embrace of contactless payments in brick-and-mortar, face-to-face transactions. CEO Ryan McInerney said on the conference call with analysts Tuesday (July 23) that tap to pay grew 4 percentage points from...
The Bank of England said Thursday (July 18) that a global payments issue that was affecting CHAPS, the United Kingdom’s high-value payment system, is now resolved. “We are pleased to confirm that the third-party supplier has restored service following their earlier issues, and CHAPS payments are settling...
Cash App says it will exit the British market as it focuses on the U.S. The mobile payments service announced Thursday (July 19) that it was shutting down Cash App UK on Sept. 15 after six years. “We do not make decisions like this lightly,...
As businesses of all sizes across a multitude of verticals seek more efficient ways to manage payments and working capital, embedded finance is emerging as a transformative force in B2B commerce. That’s the view of Alan Koenigsberg, senior vice president and global head of large,...
Two United Kingdom regulators have begun gathering information on the benefits and risks of digital wallets for people and businesses. The Payment Systems Regulator (PSR) and Financial Conduct Authority (FCA) launched a joint call for information “from a wide range of stakeholders,” according to a Monday (July 15) press...
Argentina-based payments processor Tapi has reportedly raised $22 million in new funding. The company will use the Series A funding to help fuel its expansion into Mexico, Co-Founder/CEO Tomas Mindlin said in a Bloomberg News interview Friday (July 12). According to the report, Tapi processes...
The future of money movement is accelerating globally. With real-time payments on the U.S. RTP® Network and in Europe setting new usage records, and awareness of instant payments growing in the U.S. since the launch of the FedNow® Service last July, organizations and observers may...
Square has begun offering Tap to Pay on iPhone to merchants in France. The new offering, announced Tuesday (July 9), lets businesses use an iPhone to accept in-person payments with Apple’s Tap to Pay contactless payment technology. “The French business landscape is competitive and tech-savvy, always looking for...
Galileo Financial Technologies has begun offering wire transfer capabilities to FinTechs. The So-Fi-owned company announced the new offering Tuesday (July 9), saying it provides FinTechs with another option for fast and secure money movement. Through its wire transfer API, Galileo connects FinTechs working with Community Federal Savings Bank to Fedwire,...