Consumer payments have become a “new battleground” for banks, JPMorgan Chase Chairman and CEO Jamie Dimon said Monday (April 7) in his annual letter to shareholders. Dimon highlighted the evolving competition from FinTech firms as a key concern for the financial industry. He did so...
Last year appears to have been a landmark one for peer-to-peer (P2P) payment app Zelle. During 2024, American consumers and small businesses transmitted more than $1 trillion using the platform, the most money ever sent on a P2P service in a single year, the company announced Wednesday (Feb....
The Clearing House says its clearing/settlement system handled a record number of Black Friday transactions. The organization’s CHIPS network settled and cleared 1,083,550 payments valued at $2.63 trillion to kick off the holiday shopping season last week, The Clearing House (TCH) said in a news...
Italy has reportedly restored an outage to its payment services that hindered Black Friday sales. The disruption on Nov. 28 and 29 had been restored by Saturday (Nov. 30), Bloomberg News reported, citing a statement from the Bank of Italy. A separate report by Reuters...
October 01, 2024
Consumers across five major markets — Brazil, France, Germany, the United Kingdom and the United States — are generally familiar and satisfied with the experience of using digital wallets. The penetration of specific platforms, though, varies by country. Google Wallet use ranges from 20% in the U.K. to around 9% in France and Germany, for […]
September 19, 2024
Digital wallets are table stakes for most consumer across five major markets (Brazil, France, Germany, Brazil, the U.K. and the U.S.). In fact, 86% of consumers say they are familiar...
September 05, 2024
Consumers in Brazil are embracing their digital wallets for making payments. Almost half of consumers use them for paying bills, for example. Surprisingly, it is the country’s baby boomers and...
August 01, 2024
Consumers in Germany are embracing their digital wallets for payments. Nearly half (47%) use them for online shopping for example. Surprisingly, baby boomers and seniors in Germany are more likely...
April 09, 2025
The House of Representatives passed a Congressional Review Act resolution Wednesday (April 9), overturning the Consumer Financial Protection Bureau’s (CFPB) rule, “Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications.” The resolution (H.J.Res.64) says that Congress disapproves the rule and “such rule shall have no force or effect.” It passed in a […]
April 07, 2025
Consumer payments have become a “new battleground” for banks, JPMorgan Chase Chairman and CEO Jamie Dimon said Monday (April 7) in his annual letter to shareholders. Dimon highlighted the evolving...
February 12, 2025
Last year appears to have been a landmark one for peer-to-peer (P2P) payment app Zelle. During 2024, American consumers and small businesses transmitted more than $1 trillion using the platform, the...
December 02, 2024
The Clearing House says its clearing/settlement system handled a record number of Black Friday transactions. The organization’s CHIPS network settled and cleared 1,083,550 payments valued at $2.63 trillion to kick...
