Bank of America (BofA) announced on Tuesday (June 25) that it’s launching a digital debit card, according to a release by the company. It’s also making other additions to its banking app to help customers handle their finances while they’re on the move. “This digital...
JPMorgan has announced the launch of its E-Customs Payment Solution, making it the first foreign bank in China to fully digitize and automate cross-border payments of goods. While importers in China must provide supporting documents to their banks before making payments to overseas suppliers, the...
As key shopping experiences along the customer journey such as checkout and payment are often the most complex and critical for developers to tackle, Magento has integrated Braintree into its default Venia Progressive Web Applications (PWA) storefront. The company noted that the offering provides an...
Shares in Western Union have fallen on Tuesday (June 18) on the news that Facebook is going to release a new cryptocurrency called Libra, according to a report by CNBC. Western Union stocks fell 1.7 percent, making the company one of the worst performing ones...
Uber is expanding its services and moving toward providing financial products, according to a report by CNBC. The company has reportedly been hiring numerous product managers and engineers. Its new FinTech team could ultimately have more than 100 workers. Uber is taking advantage of New...
Push payments have been a topic of conversation in the developed world for the last several years, across verticals and use cases. Riding the card rails in reverse has unlocked new opportunities to enable more efficient payments to policyholders from insurance companies, from consumers and...
Mobile food ordering has quickly gone from niche activity to mainstream. Between 2016 and 2018, the volume of orders placed through mobile apps grew by 130 percent, according to PYMNTS’ Mobile Order-Ahead Tracker. Mobile represents roughly 60 percent of all digital restaurant orders today. This...
The two most powerful forces shaping the future of retail payments have nothing to do with payments at all. At least at first glance. Ironically, they are also the two things that shaped the modern payments landscape as we know it today, as it grew...
Instant gratification isn’t instant enough for modern consumers. Gig, public utility and eCommerce companies are all focusing on payment innovations to remain competitive in increasingly saturated markets, experimenting with new tools, technologies and digital channels to engage with and retain users on their platforms. The...
