Payments

There are many motivations for implementing faster payments, such as paying gig economy workers after each job, sending funds overseas, or improving insurance payouts. In all of these examples, the demand comes from the payments recipient.

The SEC and other regulators are taking a closer look at ICOs and mergers involving cryptocurrencies and distributed ledgers, which requires careful diligence for payment companies and dealmakers, according to Will Turner, a partner in the blockchain and cryptocurrency practice at Steptoe & Johnson.

Flywire is partnering with True North to allow Canadian educational institutions to better manage payments from international students by integrating them with application, enrollment and accounts receivable processes.

SnapPay has grown rapidly in its role as an acquirer and payments gateway for Chinese mobile payment acceptance in North America, and it is ready to show merchants the next step.

Facebook has informed users of its P2P Messenger money transfer option in the U.K. and France that the service will no longer be available as of June 15.

Two months after Mastercard lawyers urged an English appeals court to follow the lead of antitrust judges that had tossed out a multi-billion pound class action lawsuit from U.K. consumers over credit card charges, that appeals court has ruled against the credit card giant.

Some companies believe that their employees will know the difference between legitimate versus spoofed emails. While this might be true some of the time, even one mistake can be costly, writes David Barnhardt, executive vice president of product at Giact.

Mastercard’s real-time incentive marketing initiative is an acknowledgement that requiring consumers to take action to seize a special deal won’t work as well in the mobile age.

Singapore-based OCBC Bank and Rapyd have formed a partnership that will leverage Singapore’s local P2P service plus Rapyd’s Checkout solution to power instant payments for local e-commerce purchases.

Hong Kong's DBS Bank is integrating into the country's new Faster Payments System to allow small businesses to accept QR code instant payments.