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5 Nov 2020, 7:35 am by Kristian Soltes
’s V 2.65% $5.3 billion deal to acquire Plaid Inc., a key player in the financial-technology space. [read post]
26 Apr 2024, 6:00 am by Michelle
Fintechs can help the Fed see what’s on the horizon for the new faster payment system and allow the new real-time payments services to be easier to use, said Mollie Markham, a Federal Reserve Bank of Chicago industry specialist who works with nonbanks. [read post]
10 Nov 2023, 6:00 am by Michelle
Meanwhile, small and mid-sized businesses are navigating poor payment experiences with international suppliers and bracing for cross-border payment fraud. . . . [read post]
11 Aug 2014, 11:32 pm by Nietzer
In 2008, Con-way Inc., a global freight forwarder, paid a $300,000 penalty for making hundreds of relatively small payments to Customs Officials in the Philippines. [read post]
17 Dec 2020, 8:04 am by Kristian Soltes
In addition, Mexican payment systems often break down and make it more difficult to use cards. [read post]
21 Aug 2019, 6:02 am by Kristian Soltes
JCB Partners With EVO to Boost Merchant Acceptance in the UK and IrelandMobile Payments Today – August 19, 2019 JCB International Co., a Japanese payments company, entered a partnership with EVO Payments Inc. to allow merchants in the U.K. and Ireland to accept payments from JCB, according to a press release. [read post]
25 Mar 2021, 8:06 am by Kristian Soltes
The payments system is undergoing substantial change, not only from digital payments but also from the buy now, pay later sector, which is based largely on breakthroughs in payment technology. [read post]
5 Feb 2012, 8:42 am by Thomas G. Heintzman
  That is what the Ontario Superior court recently decided in Activ Financial Systems, Inc. v. [read post]
9 Jul 2020, 7:24 am by Kristian Soltes
Technology giants like Amazon.com Inc. and Google parent Alphabet Inc. are also increasingly offering financial services. [read post]
24 Dec 2020, 7:21 am by Kristian Soltes
Global Stablecoins Could Eventually Become Reserve Currencies: IMF PaperCoindesk – December 17, 2020 Titled “Reserve Currencies in an Evolving International Monetary System,” the departmental paper looks at shifts in the global monetary system and factors that might influence the U.S. dollar’s role as the dominant reserve currency, including new payments systems and digital currency. [read post]
13 Aug 2020, 6:59 am by Kristian Soltes
As for international payments, “we need to laser-focus on getting the service to function domestically,” she added. . . . [read post]
15 Oct 2021, 9:17 am by Kristian Soltes
The Payment Systems Regulator has overseen the sector since 2015, while the Financial Conduct Authority is responsible for the day-to-day supervision of payment services and e-money firms. . . . [read post]
1 Oct 2021, 8:47 am by Kristian Soltes
Online Powerhouse GoDaddy Takes the Next Step With Card-Present TransactionsDigital Transactions News – September 29, 2021 GoDaddy Inc., which launched GoDaddy Payments in June to unify its transaction services following its December deal to buy point-of-sale terminal maker Poynt Inc., released a countertop payment terminal and mobile card reader with lower fees than most competitors. [read post]
26 Jun 2019, 7:52 am by Kristian Soltes
While TCH opposes the entry of the Federal Reserve as a competitor in this sector of the payment system, a Fed-operated real-time settlement system would ensure access and choice for all financial institutions and customers and create a foundation for a new generation of payments innovation. [read post]
16 Oct 2020, 9:00 am by Kristian Soltes
At present, The Bank of England, Financial Conduct Authority, Payment Systems Regulator, and HM Treasury each have specific roles and responsibilities for oversight of the cash system. . . . [read post]