Money moves only as fast as payments infrastructure will allow. To that end, there’s a bottleneck. The gig economy is gaining steam, as roughly a third (more than 35 percent) of U.S. workers are participating in part-time or project-based employment, and increasingly they want to...
Citigroup, the U.S. banking giant, announced on Tuesday (Feb. 26) the launch of a new service that lets users pay their rent and school expenses each month with one of its credit cards. CNBC reported that the digital payment service, dubbed PayAll, can be accessed through...
PayPal Chief Executive Dan Schulman has opted to take a stance against groups promoting hate and laws that discriminate, even facing lawsuits to stand up for what the company believes is right. Its value-driven approach has paid off for the payment company, which is a leader in...
Adyen, the payments platform, announced Wednesday (Feb. 20) it has launched a new payment service that is powered by open banking. In a press release, the company said it launched an alternative to card payments that takes advantage of the European Union’s Payment Service Directive (PSD2)...
There are markets, and there are $100 trillion markets. And might digital payments be in that $100 trillion classification? In an interview with CNBC, PayPal CEO Dan Schulman estimated the market will come into that size, noting, “That’s sort of the market — total adjustable...
NACHA, the steward of the ACH Network, announced Tuesday (Feb. 19) that last year was a milestone year for the ACH Network with payment volume climbing to close to 1.5 billion payments. In a press release, NACHA said it is the fourth year in a row...
UATP and Conferma Pay announced on Thursday (Feb. 14) that they have inked a partnership aiming to bring virtual card payment technology to airlines. According to a press release, the joint solution will make airline payments more secure. Under the deal, UATP’s customers will be...
When InstaReM CEO and Co-founder Prajit Nanu started putting together a global remittance firm for consumers and businesses in 2014, he had been struggling with what he called the entrepreneurial itch for a while. In fact, he told Karen Webster, he registered well over 100...
Tidal, the music streaming service owned by Jay-Z, now accepts Venmo as a way to pay for the service, according to reports. The announcement is the latest in a number of collaborations for the PayPal-owned app, which has also made deals with Shopify, Uber and...
