PayPal chief executive Dan Schulman underscored the company’s commitment to diversity in a blog post published Wednesday (Oct. 11), saying the company is focused on making a positive difference in the world. “Our ability to deliver on our mission of democratizing financial services and capabilities...
The move from plastic to pixels may be a slow one. Changing consumer behavior is no easy feat, as we’ve seen with slow user adoption of Apple Pay at the register. Might technology close the gap between making a new payments method available and spurring...
China’s Golden Week appeared to be good for Alipay, the digital payment unit of Alibaba, which saw a big uptick of in-store transactions outside China compared to a year ago. According to a news release, Alipay stated that its Chinese users engaged in eight times...
Some baseball fans should have an easier time seeing their favorite teams next season: Major League Baseball (MLB) announced that the Oakland Athletics participated in a new NFC ticketing solution that allowed fans to enter stadium payments by simply tapping their phone (or Apple Watch)...
USA Technologies, a payment technology provider of cashless and mobile transactions in self-serve retail, announced on Monday (Sept. 18) a strategic agreement with Premier Food Service, a Canteen franchise and food service provider in Kansas. In a news release, USAT said it is working with...
Central banks that are mulling over issuing their own cryptocurrencies would be better off waiting, said the Bank for International Settlements. According to a news report in Reuters, while central banks use digital money, the risks of issuing cryptocurrency haven’t yet been fully assessed, and...
And then there was Phase 2. Same Day ACH enters the newest stage of deployment, where the U.S. payments system is getting a bit of an overhaul — bringing same-day debits into the mix. NACHA COO Jane Larimer discusses what to expect, as the payment (and settlement)...
At the same time that China is reportedly gearing up to shut down bitcoin exchanges in the country, Russia is moving to regulate the burgeoning cryptocurrency market. According to a news report in Reuters, Russia’s Finance Minister, Anton Siluanov, said late last week that it...
Digital currency is becoming one of the more pervasive forces pushing its way into all industries. As cryptocurrencies like bitcoin, Bitcoin Cash and Ethereum become more popular, governments around the world are trying their best to figure out what the next best steps are in...
