London-based Paysafe, a global online payments company, has announced the U.S. launch of its free Skrill Money Transfer service. “There has never been a more important time for remittance services, and we’re proud to bring Skrill Money Transfer to U.S. consumers, who send more money overseas to...
The pandemic has introduced new variables into innovations, payments and commerce — setting up headwinds in some cases as businesses shutter, and tailwinds as consumers and enterprises embrace digital transactions by necessity. And looking more deeply into the European Union, where some green shoots of...
Ondot Systems, a digital services platform for credit and debit card issuers, said it is partnering with Visa in a new program. The agreement enables cardholders to add Visa cards instantly to their digital wallets. “Digital card use is one of the key drivers of card choice....
Human living went digital-first in the time it took COVID-19 to circle the earth once – about three months. It’s a fast and radical transformation that the post-2008 financial system was kind of prepared for. Server farms didn’t melt. The internet didn’t break. Life went...
The degree to which consumers’ lives have gone digital over the past two or three months can’t be overstated. Vaduvur Bharghavan, president and CEO of card services platform OnDot, recently talked with Karen Webster about what financial services will look like in the post-pandemic world...
The COVID-19 pandemic has ushered in immediate, large-scale operational changes for financial institutions (FIs) in the EU, U.K. and U.S. Brick-and-mortar branches shuttered as social distancing measures were enforced, and customers subsequently turned to mobile apps or websites to fulfill their banking needs rather than...
The Reserve Bank of Australia (RBA), the country’s central bank, is considering reducing the cost of electronic payments for merchants and consumers as COVID-19 makes e-banking preferable, Assistant Governor Michele Bullock said on Wednesday. Reuters reports RBA is reviewing Aussie’s retail payments regulation to determine...
The unemployment check is in the mail … or perhaps it’s even not on its way yet. Bloomberg reported on Tuesday (June 2) that a significant amount of unemployment benefits — roughly a third of them — have yet to be paid out. It seems...
Western Union Co. said that while the payment platform saw transactions fall by 30 percent at the peak of the coronavirus pandemic in March and April, its May digital business set a 10-year record high. “We are encouraged that our money transfer transaction trends continue...
