Since the inception of global trade, the world’s financial systems have largely talked past and around each other. The reason? Diverse payment systems and communication protocols across countries and financial institutions have led to fragmentation and a lack of standardization across the world’s economies and...
Credit cards have long been a catnip for criminals. The lure is undeniable. “Your account number is valuable — it has personal information that if someone gets a hold of, that’s how fraudsters compromise accounts and steal your money,” Pablo Fourez, chief digital officer at...
The connected economy might be making a jump from end-users’ hands to their faces. That is, if Big Tech’s biggest representatives are to be believed. On Thursday (Dec. 12), Google introduced a new Android operating system (OS) built for extended reality (XR) devices like headsets...
Banks rely on core tech to handle the basics: transactions, deposits, loans and more. But the kicker is that most of these systems were built decades ago. As in 1980, not 2010. Back then, “digital transformation” through the lens of a financial institution (FI) meant...
December 19, 2024
Credit cards have long been a catnip for criminals. The lure is undeniable. “Your account number is valuable — it has personal information that if someone gets a hold of, that’s how fraudsters compromise accounts and steal your money,” Pablo Fourez, chief digital officer at Mastercard, told PYMNTS in a recent interview. Through the past […]
December 09, 2024
Few bottlenecks across the payments landscape have been more intractable than that of cross-border payments. But with the news Thursday (Dec. 5) that the U.S. licensed FV Bank is now supporting...
November 20, 2024
When it comes to the economy, some things are not up for discussion. Everyone is spending more on housing, on transportation, food and shelter. And the consumer who wants to...
November 12, 2024
In the post-COVID world, corporates are faced with what should be an easy decision: creating better value for the organization, speeding time to new markets and creating new business models....
November 14, 2024
PayPal has begun rolling out a feature that makes it easier for its customers and their friends and family to pool money for shared expenses. The new Pool Money feature is now rolling out to PayPal customers in the U.S., Germany, Italy and Spain, and is set to launch in the U.K. soon, the company […]
October 30, 2024
Global financial technology platform Adyen has extended the availability of Tap to Pay on iPhone to five more countries: Austria, Czech Republic, Ireland, Romania and Sweden. With this functionality, businesses...
October 23, 2024
Open banking payments firm Trustly said that it expects to process a record $100 billion in total payments value (TPV) in 2024. To date, more than 112 million consumers have...
October 22, 2024
Canadian FinTech Nuvei has announced a partnership with open software-as-a-service (SaaS) eCommerce platform BigCommerce that it says will globally enable customizable payment solutions that were previously only available to large...
