Just one year after its launch, HSBC’s cross-border payments mobile app is no more. A Yahoo Finance report on Thursday (Jan. 23) quoted a spokesperson for the bank: “Following a strategic review of Zing within the HSBC Group and after careful consideration, we have made...
The U.K.’s Financial Conduct Authority may remove the 100-pound (about $123) contactless limit and “set new digital service standards” as part of its efforts to support the government’s growth mission. The regulator included these proposals in a Thursday (Jan. 16) letter to Prime Minister Keir...
The U.K. government said Tuesday (Jan. 21) that it will launch a GOV.UK Wallet later this year and then work to issue government-issued letters and identity documents virtually and make them available to people on their phones. Digital versions of a Veteran Card and a...
The Consumer Financial Protection Bureau (CFPB) is under fire from seemingly all corners, and various legal challenges have alleged that the agency’s recent ramping of its rule-making through the past few months is illustrative of a regulator that’s overstepped its bounds. In the case of...
January 24, 2025
For years, the travel and hospitality sectors have stuck to traditional payment options, such as cash and credit cards. But as consumers and staff demand quicker, more efficient ways to manage transactions, it’s clear these old systems are no longer enough. Enter real-time payment technologies that promise to impact operations and elevate experiences for consumers […]
January 16, 2025
Peer-to-peer (P2P) payment platforms have gained popularity, especially among young consumers who value quick and seamless transactions. As adoption expands, however, these platforms face the challenge of balancing user convenience...
January 15, 2025
For banks and credit unions looking to modernize, the timing has never been better. “Banks want to offer more competitive products, increase profitability and, critically, own the customer experience —...
January 13, 2025
Digital payments are growing in Latin America as companies like Mercado Libre and TerraPay rapidly advance digital banking and digital wallets in the region. Central bank instant payments mandates and...
January 23, 2025
Just one year after its launch, HSBC’s cross-border payments mobile app is no more. A Yahoo Finance report on Thursday (Jan. 23) quoted a spokesperson for the bank: “Following a strategic review of Zing within the HSBC Group and after careful consideration, we have made the decision to close Zing and integrate its underlying technology […]
January 22, 2025
The U.K.’s Financial Conduct Authority may remove the 100-pound (about $123) contactless limit and “set new digital service standards” as part of its efforts to support the government’s growth mission....
January 21, 2025
The U.K. government said Tuesday (Jan. 21) that it will launch a GOV.UK Wallet later this year and then work to issue government-issued letters and identity documents virtually and make...
January 14, 2025
Money movement platform Thunes says it has added PayPal’s Hyperwallet to its Direct Global Network. With this movement, Hyperwallet customers can send money in real time to more than 450 million mobile wallets and bank...
