Trillions of dollars in federal COVID-19 stimulus payments are being disbursed through paper checks, prepaid debit cards and direct deposit — not very streamlined conduits when Uncle Sam needs to deliver aid speedily so that it’s most effective. The concept of creating “digital dollars” for...
Hal Lawton, CEO of Tractor Supply Company, said he thinks customers are likely to stick to the shopping habits they picked up due to the pandemic, according to a CNBC report. He said contactless, digital payment methods will likely rise in popularity, “usurping” the use...
The FinTech Stripe said it will “create the first self-serve unified payments platform for U.K. businesses” by adding the popular Bacs Direct Debit payments service — which includes digital wallets and card payments — to its ecosystem. In part, Stripe’s service allows businesses to make and...
MoneyGram has been doing well in May, illustrated by a triple-digit percentage increase in digital transactions. The popular money transfer app reported a 100 percent growth increase year-over-year in May, a press release states. That’s a significant jump from the company’s 57 percent digital transaction...
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...
