Tagged: digital transactions

February 25, 2025 @ 10:06 am By Omar Faridi  |  

Digital interactions by Bank of America (NYSE: BAC) clients grew 12% last year, reaching an all-time record 26 billion interactions through a combination of digital logins and proactive alerts. Innovative digital capabilities are enhancing experiences for the company’s more than “58 million verified digital clients… Read More

February 24, 2025 @ 1:33 pm By Omar Faridi  |  

Canadians are divided in embracing evolving technologies that have the potential to change their shopping experiences along with how they pay and get paid. This, according to an update from Payments Canada. Concerns around security, lack of familiarity and a sense of contentment with existing… Read More

February 22, 2025 @ 5:59 pm By Omar Faridi  |  

Checkout.com, a digital payments provider, announced its partnership with HEYTEA, the creator of new-style tea drinks and one of Asia’s beverage brands. The partnership has reportedly improved HEYTEA’s customer experience and supported its global “expansion by offering localized payments solutions.” HEYTEA customers can now “place… Read More

February 19, 2025 @ 12:50 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and Feedzai, an AI solution provider in financial crime prevention, announced they are joining forces to make it easier for banks to identify and stop scams. As payments continue to evolve, fraudsters are increasingly “using AI to scam consumers.” This cost more… Read More

February 18, 2025 @ 9:30 pm By Omar Faridi  |  

Thames Technology has reportedly launched a “fully recyclable” and biodegradable NFC prepaid paperboard cards. As explained in a blog post from Thames Technology, these cards are fully recyclable and biodegradable NFC prepaid paperboard cards developed in collaboration with Holmen Board & Paper and CCL Oomph…. Read More

February 9, 2025 @ 9:02 am By Omar Faridi  |  

Payment provider Rapyd is reportedly in discussions to secure $300 million in funding from investors, valuing the company at $3.5 billion. This valuation represents a significant decline from its peak value of around $9 billion in 2021, and a substantial drop from its early 2022… Read More

January 26, 2025 @ 11:53 am By Omar Faridi  |  

In recent comments, Bank of America’s (NYSE: BAC) CEO Brian Moynihan expressed the bank’s readiness to support cryptocurrency payments in the future, highlighting the need for clear and robust regulatory frameworks before they can fully embrace crypto transactions for clients. Moynihan said at the World… Read More

January 24, 2025 @ 10:32 pm By Omar Faridi  |  

SBI Payments and Pine Labs announced an expanded strategic alliance, building on their long-standing 12-year partnership. SBI Payments is a JV formed between India’s commercial bank, State Bank of India, and Hitachi Payment Services Pvt. Ltd. As covered, Pine Labs is a merchant commerce platform…. Read More

January 12, 2025 @ 1:31 pm By Omar Faridi  |  

Airwallex, a payments and financial platform for global businesses, has recntly announced its partnership with Carwow, the online car-changing marketplace. Following the integration of Airwallex’s Scale Native API, Carwow can now process “payments for those enterprise dealer groups who purchase cars from thousands of private… Read More

January 7, 2025 @ 8:33 am By Omar Faridi  |  

iWallet, the enabler of digital payments solutions, announces an innovative development with the introduction of Voice AI to payments. This technology addresses the growing demand for advanced, secure, as well as user-friendly payment methods. The majority or around 81% of American consumers use voice technology… Read More

December 31, 2024 @ 4:41 pm By Omar Faridi  |  

Mastercard (NYSE: MA) has announced a partnership with Dgpays, a financial technology provider, to advance the adoption of digital payment solutions for consumers and businesses across the EEMEA region. As part of the partnership, Mastercard and Dgpays will co-develop payment technologies and loyalty solutions tailored… Read More

December 26, 2024 @ 9:46 pm By Omar Faridi  |  

One Inc, the payments network for the insurance industry, announced that GoAuto Insurance, selected One Inc’s ClaimsPay and PremiumPay products for a “fully” integrated and digitized policyholder payment experience. This integration enables GoAuto’s workflow by leveraging One Inc’s inbound and outbound payment capability, consolidating all… Read More

December 20, 2024 @ 3:44 pm By Omar Faridi  |  

Alchemy Pay, the fiat-payment gateway, achieved a key milestone by having  successfully registered under Visa’s Ramp Provider Program. This registration, made possible via its partnership with Worldpay, marks a new development in Alchemy Pay’s mission to bridge the gap “between traditional finance and the crypto… Read More

November 19, 2024 @ 8:59 am By Omar Faridi  |  

Global payments are becoming a lot simpler for consumers, however, complexity keeps growing behind the scenes, according a report which explores this paradox and the options for providers. The “tantalizing” vision for global payments has been that they’d be safe, simple, quick, inexpensive, and “ubiquitous,”… Read More

November 11, 2024 @ 7:26 pm By Omar Faridi  |  

Alchemy Pay, a fiat-crypto payment solutions provider, announced that it has secured additional U.S. Money Transmitter Licenses (MTLs) in Minnesota, Oklahoma, Oregon, and Wyoming. These licenses bring Alchemy Pay’s total to 8 U.S. state licenses, following its  approvals in Arkansas, Iowa, New Hampshire, as well… Read More

November 6, 2024 @ 8:31 am By Omar Faridi  |  

Mastercard (NYSE: MA) has launched Pay Local in order to empower digital wallet providers with new ways to pay. With Mastercard Pay Local, digital wallet providers will gain access to more than 2 billion Mastercard cardholders, enabling card-based payments and providing choice to travelers Mastercard… Read More

October 30, 2024 @ 9:49 am By Omar Faridi  |  

The Capgemini Research Institute’s World Payments Report 2025 reveals an industry set to be reimagined with account-to-account and instant payments. Now marking its 20th edition, the report “predicts instant payments will account for 22% of all non-cash transaction volumes by 2028 globally.” Since the inaugural… Read More

October 20, 2024 @ 7:48 am By Omar Faridi  |  

Ripple, the provider of digital asset infrastructure, has recently announced a partnership with the International Rescue Committee (IRC), one of the humanitarian organizations helping people affected by crises to survive, recover and rebuild their lives. Ripple and the IRC will now aim to explore how… Read More

October 11, 2024 @ 4:40 pm By Omar Faridi  |  

Checkout.com, a digital payments provider, announced a partnership with Octopus, Hong Kong’s “homegrown” global fintech, in order to enable online payment for customers of Hong Kong’s leading payment choice – becoming the global payment service provider (PSP) to add Octopus as a payment option at… Read More

September 28, 2024 @ 10:39 am By Omar Faridi  |  

CaixaBank launches Smartphone TPV, a solution designed for businesses, professionals and the self-employed of any size and sector, enabling them to easily accept card payments of any amount from mobile devices, “without the need for an additional device, as was previously necessary.” It is the… Read More