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22 Dec 2020, 9:43 am by CFM Admin
The COVID-19 pandemic, the global response to it, and other worldwide events created a great deal of market volatility. [read post]
17 Dec 2020, 8:04 am by Kristian Soltes
In a separate statement, the central bank said payments of some basic public services such as medical treatment, water, electricity and gas fees have gradually migrated online. [read post]
12 Nov 2020, 7:24 am by Kristian Soltes
Such accusations are similar to the monopolization claims the DOJ is pursuing against Alphabet Inc. [read post]
5 Nov 2020, 7:35 am by Kristian Soltes
Plaid provides the technological infrastructure underpinning an array of next-generation financial apps, including Venmo, the digital money-transfer service owned by PayPal Holdings Inc. [read post]
22 Oct 2020, 7:06 am by Kristian Soltes
Samsung Sued for Infringing Contactless Payment PatentsLaw Street Media – October 19, 2020 RFCyber Corp. filed a complaint for patent infringement against defendants Samsung Electronics Co., Ltd. and Samsung Electronics America, Inc. on Friday in the Eastern District of Texas, alleging that Samsung infringed its contactless payment method via its Samsung Pay service on its mobile devices. [read post]
16 Oct 2020, 9:00 am by Kristian Soltes
The global pandemic has further accelerated the decline of cash, forcing the Government’s hand to introduce new rules to ensure that cash remains available for those who prefer it to digital alternatives. [read post]
15 Oct 2020, 9:00 am by Kristian Soltes
” Grose noted that Plaid entered the U.K. market with strong existing demand from its global customers. [read post]
8 Oct 2020, 8:56 am by Kristian Soltes
The developments might have significant consequences on the cryptocurrency industry globally. [read post]
27 Aug 2020, 8:07 am by Kristian Soltes
Visa International Service Association (Visa) is a global leader in electronic payments. [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]
6 Aug 2020, 7:14 am by Kristian Soltes
Fifty-four percent of them would switch to a new store that offers contactless payments, according to a global survey by Visa Inc. measuring changes in payments habits in the face of the Covid-19 pandemic. [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]
25 Jun 2020, 8:00 am by Kristian Soltes
An article in Roll Call provided background on the new bill, introduced in March, that proposes to have the Federal Reserve get into the business of offering free checking accounts with bill pay services, online banking, free ATM services and presumably build effective mobile apps and handle 24X7 customer service. [read post]
12 Jun 2020, 7:44 am by Kristian Soltes
Japan’s JCB Picks FIS for Cross-Border QR-Code PaymentsFinextra – June 5, 2020 FIS(TM) (NYSE: FIS), a global leader in financial services technology, today announced that an international payment scheme, JCB, has selected FIS’ Payments One switching and acquiring services to enable cross-border QR-code payments. [read post]
22 May 2020, 3:00 am by Jim Sedor
The Biden Victory Fund, a committee that raises money with the Democratic National Committee, filed an agreement that allows wealthy donors to give large checks that will be shared by the campaign, the party, and 26 state parties, the latest move by Democrats to ramp up the former vice president’s fundraising for the general election. [read post]
21 May 2020, 8:47 am by Kristian Soltes
Treasury Department and the IRS are planning to send out around 4 million Economic Impact Payments (EIP) via Visa prepaid debit cards rather than paper checks this week, according to a Treasury Department press release. [read post]
16 Apr 2020, 7:56 am by Kristian Soltes
The Treasury Department may even let people who don’t have bank accounts receive their coronavirus relief checks via mobile-payment services like Venmo. [read post]