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Fed Study: US Consumers Make Average Monthly Payments Of $3,999
December 06, 2019

In the fifth official study conducted by the Federal Reserve Banks of Atlanta, Boston, Richmond and San Francisco, the 2018 Diary of Consumer Payment Choice (DCPC) detailed the cash and non-cash payment behavior of U.S. adult consumers who are 18 years old and older. Get...

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Grab Launches GrabPay Card
December 05, 2019

Grab is introducing Asia’s first numberless card in batches, with Singapore launching on Thursday (Dec. 5) and the Philippines during the first quarter 2020, the company announced in a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Jack Henry Debuts Card-To-Card Bill Pay
December 05, 2019

Jack Henry & Associates has announced the launch of iPay CardPay, which enables its banks and credit unions “to provide near-real-time, card-funded bill payments using credit and debit cards as an alternative funding option,” according to a press release. Get the Full Story Complete the...

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Federal Reserve Ups Payment Services Fees By 2.4 Pct.
December 02, 2019

The Federal Reserve Board has approved a new fee schedule for payment services in 2020 that is overall 2.4 percent higher than 2019, the Fed announced in a press release on Wednesday (Nov. 27). Get the Full Story Complete the form to unlock this article...

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BMO Harris Bank Is First To Issue True Name Mastercard
December 02, 2019

BMO Harris Bank, in partnership with Mastercard, has introduced the True Name feature for debit Mastercard holders, which will allow for those in the transgender and non-binary communities to use their true first names on their payment cards without the need for a legal name...

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NEW DATA: Millennials Were Black Friday’s Big Spenders In 2019
December 02, 2019

Black Friday is the traditional start of the holiday shopping season and this year 151 million consumers got their Black Friday shopping groove on. This year, that groove was more online than at a physical store, but with all income groups spending at least 25...

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Teen-Focused Digital Bank Pixpay Raises $3.4M
December 01, 2019

French startup Pixpay is the first challenger bank to cater to teens, offering a debit Mastercard for cashless payments, news outlets reported on Friday (Nov. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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PayPal’s Xoom Rolls Out Bill Pay For Users In Jamaica
November 26, 2019

Xoom, PayPal’s international money transfer service, announced the launch of its bill pay service in Jamaica. Through a partnership with bill platform provider Paykii, customers in the U.S., U.K., Canada and 37 markets across Europe can now use Xoom’s money transfer service to pay electricity,...

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Discover Cardholders Can Now Redeem Rewards Via PayPal
November 25, 2019

PayPal and Discover have joined forces to allow customers to use the credit card’s Cashback Bonus or Miles to buy things through PayPal, according to a Monday (Nov. 25) press release.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...