Payments

Payment technology developer MyPINPAD has upgraded its point-of-sale app to allow merchants to accept and authorize contactless payments through a consumer mobile device — and to potentially provide a less expensive option for PIN transactions for smaller merchants.

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

Bank of America has launched a cross-border payment tracker through its Swift GPI module that allows clients real-time visibility into their international payments.

As a way to help small businesses maintain COVID-19 social distancing measures, Judopay is using a longer-range QR code that removes the need for any interaction at a point of sale device.

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.

Doing business online certainly isn’t new, but the pandemic prompted even businesses that hadn’t fully committed to the e-commerce space to shift some or all of their traditional operations online, says JotForm's Aytekin Tank.

Looking to ease contactless payments for cash wary consumers and businesses, PayPal has launched QR code payment acceptance in its iZettle point-of-sale application for small businesses in the U.K.

Open banking will drive an unprecedented move by banks, payments and technology firms to integrate and collaborate on banking-as-a-service, says Prime Trust's Scott Purcell.

Faster payments haven't always lived up to the hype and promise because of development and adoption stagnation in the U.S., but the idea of speedier transactions is becoming more popular.

How do you connect with the customer in today’s environment? Citi's new head of branded cards, Pam Habner, sits down with PaymentsSource's Daniel Wolfe to talk about purpose-driven leadership and how companies can take a stand on issues that matter.

In order for suppliers to recover and prepare for future growth, it’s critical to understand the complex nature of the corporate cash cycle, says AvidXchange's Denise Leleux.

Cash is fading in the Middle East, and traditional banks are turning to fintechs to expedite upgrades before challenger banks and digital wallets seize the advantage.

The COVID-19 pandemic has radically changed consumers’ attitudes and behaviors toward money and payments. What has changed?

Fintechs that focused on offering digital banking solutions likely saw a positive boost, and consumers’ increased use of mobile devices encouraged bank-fintech partnerships to keep up with the pace of innovation.

Tech pioneer Bill Gates praised India’s policies for financial innovation and inclusion, saying his philanthropic foundation is working with other countries to roll out open-source technologies modeled on the country’s implementation.

Michael Moeser, senior analyst at PaymentsSource, talks to Cecilia Frew, senior vice president of Visa Direct at Visa, about the demands driving digital payments throughout the year.

Once vaccines are widely available, some Americans may revert to old habits of paying cash and swiping cards, but many will stick to digital and mobile payment methods, says Paysend's Matt Montes.

U.S. consumer borrowing rose in October by less than forecast, reflecting a decline in credit card balances as the pandemic continued to limit some purchases.

E-commerce and digital finance are expanding quickly due to the pandemic, economic downturn and plans for recovery — providing opportunities for VCs that back technology that powers faster, more digital payments.

TransferGo will use Mastercard's push payment service to support near real-time money transfers for European customers.