In the last 10 to 20 years, technology has transformed the payments industry. Consumers are no longer reaching for their physical wallets as the first form of payment. With the advancements made in the digital arena, there have been many new developments in how payments...
Getting cash out of an ATM can sometimes be a pain when people are not near one that’s associated with their bank. Surcharge fees can pile up and sometimes dissuade people from using ATMs. Consumers visiting Rite Aid are going to see relief as the...
The American people are feeling more confident about spending, if last month’s consumer borrowing numbers are any indicator. Borrowing patterns tend to correlate directly with spending patterns, which is why they’re watched so closely – and economists like what they’re seeing. The Federal Reserve reported...
Summer’s here, and the commute is likely sticky and dreary and just as long, or longer as it ever was. We waste too much time on the way to salt mines and part of the problem lies in the inefficiencies of buying tickets in the...
The European Central Bank (ECB) has announced its plans for a new instant payments and settlement system that will enable businesses and consumers to send money in real-time across 19 countries. According to IBS Intelligence, the TARGET Instant Payments Settlement Service (TIPS) will go live...
The payments industry has increasingly grown more complex over the last decade. From credit card companies to retailers and consumers, there are many key stakeholders in the commerce process, both on and offline. Without proper payment processes in place, it’s likely that the entire retail...
Last week Verifone and airport kiosk and IT specialists SITA announced a deal that will see Verifone payment-enable airport self-service kiosks at every airport terminal in the world. Karen Webster talked to Joe Mach, Verifone’s NA President, who says that this move to reinvent airport terminal check-in is just the latest example of Verifone’s focus...
Payments are often described like the Tower of Babel, with disparate platforms trying to talk to each other without speaking the same language. It’s this inability to communicate that is causing connections to fall apart through the lifecycle, from initiation at the point of sale...
ACI Worldwide, a leading global provider of real-time online payments and banking solutions, announced that it will offer its UP Immediate Payments solution via a hosted cloud. News from Finextra details that this will enable financial institutions across Europe to share connectivity to the EBA...
