Michael Moeser

The latest round includes two new investors, Eurazeo Growth and Wellington Management, as well as one returning shareholder, Sprints Capital.

Most consumers expect to be offered a variety of digital payment options in stores in a post-COVID-19 world, and small and midsize business believe that change will be permanent, a Visa study finds.

U.K. fintech Rapyd, backed by Stripe, has raised $300 million in a Series D round to fuel its growth through acquisitions in payment processing, card issuing and disbursements.

Michael Moeser, senior analyst at PaymentsSource, talks to Matt Oppenheimer, co-founder and CEO of Remitly, about how the remittance market has handled the coronavirus pandemic, and what will happen going forward.

In a bid to expand contactless card acceptance, Mastercard is testing its Cloud Tap on Phone tech with Napa, Calif.-based IT services provider Computer Engineering Group (CEG).

The Treasury Department and IRS are sending out approximately 8 million Visa prepaid cards to deliver a second round of Economic Impact Payments (EIPs) to consumers.

The COVID-19 pandemic of 2020 saw some businesses become big winners — such as Zoom, Home Depot and payments companies like PayPal — while other businesses suffered heavily, most notably the travel and hospitality industries. Credit card issuers also suffered, as demand lagged heavily for new cards and their overall spending dropped considerably during the year.

In launching its new challenger bank brand, GO2bank, to take on Chime and others, Green Dot has taken the opportunity to lower the barrier to obtaining a secured card for the underserved.

PayPal’s Venmo has launched a new “Cash a Check” feature on its mobile app to some customers. The offering is made in partnership with Ingo Money and its parent, First Century Bank.

Michael Moeser, senior analyst at PaymentsSource, talks to Jennifer Philo, group vice president of U.S. commerce at Blackhawk Network, about the ways the global pandemic has transformed the use cases for gift cards, prepaid cards and loyalty products the company supports.

While there has been a general trend of paying people faster for work already performed, starting with gig workers, COVID-19 has created (or exposed) many issues that are fueling the shift toward on-demand pay, especially for hourly workers.

It isn't lost on Fiserv that consumers increasingly are moving to digital financial services. Its deal to acquire Ondot Systems, a digital card solutions platform, aims to capitalize on the shift.

Demand for food delivery has been strong during the pandemic, building on what already had been a strong demand for the $27 billion industry, according to NPD Group.

Michael Moeser, senior analyst at PaymentsSource, talks to Jason Hanson, Senior Vice President of Global Business Development and Acceptance at Discover, about the trends shaping the future of digital payments.

Millions of workers are still displaced from offices, pushing financial services designed for the trend, such as Barclaycard Payments' Precisionpay Go app for businesses to issue virtual cards for corporate expenses.

Homeis, an internet platform that creates social immigrant communities, has partnered with money transfer fintechs Remitly, TransferWise and Afriex as it registers its millionth user.

The U.K. Supreme Court has rejected Mastercard’s attempt to force individual lawsuits over claims the card brand overcharged consumers and negatively impacted competition for more than a decade.

Scotiabank is an early adopter of a Canadian initiative to improve liquidity for B2B transactions by speeding processing.

Travel has declined dramatically during the past year, but buy now, pay later firm Uplift contends there's a vigorous recovery on the horizon, adding Air Canada to its client roster.

Capital One contends point of sale credit transactions are too risky to support, but competitors believe it's credit card debt that's falling out of favor with consumers.