Jon Budd, CEO of Juniper Payments, a PSCU company, said instant payments, over the long term, will see a blossoming of use cases and demand from financial institutions’ corporate and consumer clients. As it stands now, only about 3% of financial institutions have signed on...
Ruben Salazar, senior vice president and global head of Visa Direct, told Karen Webster that the transition from traditional, ACH transactions toward faster payments is underway — but is not without its frictions. More than 100 countries have launched, or are in the process of...
Instant payments have been available across the payments landscape for years. But what will it take for it to scale enough and successfully challenge the traditional payment methods most end-users are accustomed to? “Education is going to be key for all the players in the...
Irfan Ahmad, managing director and head of U.S. payments GTS at Bank of America, said instant payments will get a lift from some of the most basic, proactive approaches from businesses and financial institutions. “As simple as it might seem, education and awareness are still...
International Money Express (Intermex) has partnered with Visa to extend its money transfer services to more than 20 countries that it didn’t previously serve. With this collaboration, Intermex customers will be able to make fast transfers to eligible Visa cards and bank accounts in those countries, Intermex said...
When Lululemon bought Mirror in 2020, it was a move to expand beyond selling clothes and tap into the growing trend of working out at home. The Mirror device, an interactive mirror that provides different workout classes and personalized exercises, fit well with Lululemon’s focus...
With consumers’ budgets coming under pressure over the holiday season, leading grocers including Kroger and Walmart have launched digital deals to boost eCommerce engagement. Kroger, for its part, United States’ leading pure-play grocery chain, recently announced several digital-only deals for the season. These include a...
After a roller coaster year of surprises, including a November decision to withhold its earnings results for the third quarter of 2023 and the cancellation of its planned conference call, Farfetch has been acquired by South Korean eCommerce giant Coupang. Will it be enough to...
America’s consumer watchdog said U.S. Bank wrongly kept workers from unemployment benefits during the pandemic. As such, the Consumer Financial Protection Bureau ordered the bank to pay nearly $21 million, the agency said in a Tuesday (Dec. 19) press release. The CFPB said the order...
