The ACH Network, the national clearinghouse for electronic funds transfers, saw a big jump in activity in the third quarter, even as government assistance payments trailed off. There were 6.8 billion payments on the ACH Network during the third quarter, a 9 percent jump over...
Reetika Grewal, head of commercial digital banking for J.P. Morgan, talks to PYMNTS about the biggest change the banking giant has seen since the start of the pandemic: the digitization of payments. She shares how this led J. P. Morgan to focus on improving and...
Online grocers are increasingly allowing underprivileged consumers to use EBT payments (the modern equivalent of food stamps) at a time when the pandemic has made going to the store too risky for many shoppers. The latest such move came from Instacart and ALDI, which announced...
The momentum spurred by the pandemic has accelerated the connected economy. Volante CEO and Founder Vijay Oddiraju told Karen Webster during the latest This Week In Payments conversation that while the pandemic has been bad news, it has also opened up the door to innovation....
Instacart has teamed with ALDI to debut EBT SNAP payments for same-day eCommerce supermarket delivery and pickup to bolster access to those services, according to a Thursday (Oct. 22) announcement. EBT (Electronic Benefit Transfer) SNAP (Supplemental Nutrition Assistance Program) beneficiaries will have the capacity to...
Grocery stores and other retailers looking to process SNAP EBT payments online just got another tech option as the pandemic reshapes shopping habits. Cardknox on Tuesday (Oct. 20) announced that its payment gateway integration for eCommerce platforms now supports SNAP EBT payments made online. The...
“As COVID-19 reshapes the perceptions and needs of digital payments, one of the significant shifts for our team here at Blackhawk Network has been working to further intensify the growth and adoption of digital payments and gifting, including the expansion of mobile wallets with our...
There’s little (if any) disagreement that automation has a significant role to play in the recovery by reducing costs, limiting errors and increasing transaction speeds. That’s when it’s handled properly — and it isn’t always. Good will evaporates when middling rollouts of instant payments disappoint,...
i2c, which works in digital payments and bank technology, has joined with Visa‘s FinTech Fast Track Program in the US, Canada and CEMEA region as a new enablement partner, allowing for faster integrations with the payments giant’s numerous programs, a press release says. With the...
