When digital payments and commerce professionals talk about “friction,” they usually mean reducing barriers that make a consumer pause before buying a new pair of shoes, opening a bank account or similar tasks. Of course, reducing or eliminating those barriers stand as important tasks, as...
Digital payment company Zelle sent $39 billion through its network on 147 million transactions during the first quarter of this year, the company said in a news release. Early Warning Services LLC, which is the network operator behind the company, announced the Q1 news on...
Venmo, the digital payments company, is reportedly considering launching credit cards as a way to profit from its large customer base. According to a report in The Wall Street Journal citing people familiar with the matter, executives at the company have been having talks with banks...
High-speed rail service Eurostar is adding Google Pay support to its service in an effort to reduce the usage of paper tickets, according to reports. With the Google Pay tickets feature, customers using Google Pay on an Android 5.1 or higher can save a ticket...
After much of Chicago burned to the ground in 1871, rebuilding the city involved various fundraising and restorative strategies. One famous effort took the form of donated books sent from common people (and royalty) in the U.K. to help build a new, free and public...
AlipayHK, a mobile payment system in Hong Kong, has partnered with McDonald’s to offer payment on the McDonald’s app on smartphones, the company said in a release. AlipayHK users can also use a QR code-based system for special rewards. “With the advent of mobile payment...
Push payments next big thing is instant settlement that helps merchants get paid as sales are made. Ingo Money CEO Drew Edwards makes the case that instant settlement is poised to become the new normal in commerce. Some players, he told Karen Webster, have an...
All those children’s TV shows and stories lied: Sharing is not easy. Sharing is, in fact, enormously complex, prone to fraud and frustration, at least when it comes to digital payments and commerce. The rise of the global sharing economy — tied to online marketplace operations...
SWIFT announced Thursday (April 4) that its working group of payments industry experts is creating a common end-to-end implementation to increase the move of cross-border transactions to the ISO 20022 standard. In a press release, SWIFT said the community has decided to create the standard...
