The Bank of England is studying the use of new technologies to enhance both retail and wholesale payments functionality. While the central bank has been focused on establishing regulatory regimes for the use of stablecoins for retail payments, “we are increasingly complementing that work with a focus...
For account-to-account (A2A) payment providers, PYMNTS Intelligence research finds, education continues to present a huge barrier to adoption. By the Numbers A2A payments, which bypass the middleman to move money quickly from one account to another, commonly enabled by providers such as PayPal, Venmo or...
The Clearing House says its CHIPS network has migrated to the ISO 20022 messaging format. The adoption of this format by CHIPS (Clearing House Interbank Payment System) enhances the efficiency of payments processing, The Clearing House (TCH) said in a news release on Wednesday (April 10), two...
When you think of subscriptions, an array of products and services likely come to mind. From streaming services to pet foods to coffee pods to yoga classes, consumers of all ages have embraced subscription payment plans to cover the costs of the items they enjoy...
The Clearing House said its CHIPS system saved participants $4.9 billion in 2023. Those savings were derived from the CHIPS (Clearing House interbank payment system) liquidity savings algorithm to the tune of $13.8 million per day, The Clearing House (TCH) said in a Tuesday (April 2)...
Visa said PayPal and Venmo are now offering its Visa+ peer-to-peer (P2P) payment system. “As we continue to expand the P2P use case in the U.S., Current and Western Union will join PayPal and Venmo in enabling cross-platform money movement,” the company said in a Monday (April 1) news release as it announced the expansion of...
More than half of all Americans live in a state that has legalized marijuana. All the same, legitimate cannabis businesses still find themselves dealing with the same problem as drug dealers operating outside the law: what to do with all their cash. As the Wall...
Baseball is back, and this year, more stadiums are tapping frictionless checkout to cut labor costs while meeting fans’ demand to spend as little time out of their seats as possible. Colorado Rockies’ Coors Field is expanding its use of Amazon’s Just Walk Out frictionless checkout technology, according to a March 21...
Bidpath has launched a payments platform designed for auction payments. The new AuctionPay platform is designed to streamline merchant services for auctioneers and organizations, catering to both online and in-person payments, the provider of global online auction software said in a Friday (March 29) press release. The platform is...
