Payment Methods

What is a payment method? Well there are many, debit, credit, ACH, blockchain, and cross border. There are also many other way to transact through the wires. Credit card, debit card, cheque, money transfers, and recurring cash or ACH (Automated Clearing House) disbursements are all electronic payments methods.

(source: en.wikipedia.org)

Lack of Consumer Protections Seen as FedNow Headwind
Lack of Consumer Protections Seen as FedNow Headwind
December 18, 2023  |  Faster Payments

Andy McHale, senior director of product and market strategy at Spreedly, told PYMNTS that the future looks bright for faster payments here in the United...

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Real Estate Companies Explore B2B Cryptocurrency Payments
Real Estate Companies Explore B2B Cryptocurrency Payments
December 15, 2023  |  Cryptocurrency

After a turbulent year for the cryptocurrency industry, the waters have calmed down as banks and investors have recovered their interest in it.  Cryptocurrency still...

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Mobile Wallet Users Report Higher Satisfaction for Bill Payments
Mobile Wallet Users Report Higher Satisfaction for Bill Payments
December 12, 2023  |  Mobile Wallets

The more often consumers use mobile wallets to pay their bills, PYMNTS Intelligence reveals, the more satisfied they are with the experience.  The report, “Digital...

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UK Payments FinTech SumUp Raises $307 Million 
UK Payments FinTech SumUp Raises $307 Million 
December 11, 2023  |  Fintech Investments

Payments FinTech SumUp has raised $307 million to expand its footprint and develop new services. The British company, whose products include point-of-sale card readers, announced...

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Nearly 1 in 4 Millennials Shop for Non-Grocery Retail Items From Their Phones
Nearly 1 in 4 Millennials Shop for Non-Grocery Retail Items From Their Phones
December 08, 2023  |  Mobile Wallets

With the advent of smartphones, consumers have embraced the convenience of shopping from the palm of their hand, resulting in a significant transformation in their...

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Venmo No Longer Accepted on Amazon in January
Venmo No Longer Accepted on Amazon in January
December 07, 2023  |  Amazon Payments

Amazon is set to stop taking payments via PayPal-owned Venmo in the coming weeks. “Due to recent changes, Venmo can no longer be added as a payment method,” Venmo said...

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Citi Invests in and Expands Use of FinTech Firm Icon Solutions
Citi Invests in and Expands Use of FinTech Firm Icon Solutions
December 06, 2023  |  Investments

Citi has invested in payments technology company Icon Solutions as it modernizes its payments platform. The investment, made via Citi Treasury and Trade Solutions, comes as Citi also plans...

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US Retailers Benefit From Offering APAC Travelers Their Preferred Payment Methods 
US Retailers Benefit From Offering APAC Travelers Their Preferred Payment Methods 
December 06, 2023  |  Payment Methods

Wei Jiang, co-founder, president and COO at Citcon, told PYMNTS in a recent interview that the travel rebound is a long-standing trend — and one that...

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Generative AI’s ‘New Electricity’ Sparks Innovation Across Payment Workflows
Generative AI’s ‘New Electricity’ Sparks Innovation Across Payment Workflows
December 04, 2023  |  Connected Economy

Anyone operating in the payments space already knows about artificial intelligence (AI). After all, the technology, along with its first cousin, machine learning (ML), together...

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