Payments

Speaking during the CUSO's virtual Member Forum, PSCU CEO Chuck Fagan noted that some data shows the economy may be beginning to rebound from the coronavirus, but some sectors are still struggling.

Apple Inc. faces a twin-pronged attack from European Union antitrust chief Margrethe Vestager amid concerns the U.S. tech giant’s App Store and Apple Pay services squeeze developers and potential rivals.

Backed by its consumer survey acknowledging a significant shift in payment preferences to contactless options since the COVID-19 pandemic, Fattmerchant is launching software that can quickly add contactless payment acceptance for its merchants.

To get an edge in the rapidly expanding earned wage access market, Branch is extending mobile contactless capabilities to its Mastercard debit account by adding Apple Pay and Google Pay to its app.

In response to fraudsters seeking to capitalize on the COVID-19 influenced surge in e-commerce, Ekata has launched a new global digital ID verification tool to combat cybercrime.

Digital technology and the coronavirus recovery will dramatically alter payments in the year ahead, but the scale and benefits of networks will survive, Eric Grover of Intrepid Ventures contends.

Facebook Inc.’s WhatsApp messenger launched a payments feature in Brazil, the app’s second-biggest market with more than 120 million users.

Square has added fuel to its growing Cash transfer service by agreeing to buy Verse, a Spanish P2P app.

Three corporate credit unions serving more than 70% of the industry have banded together for a new effort following Catalyst Corporate's purchase of Aptys Solutions in late May.

United Airlines Holdings Inc. is planning to raise $5 billion by borrowing against its frequent-flyer program, stepping up efforts to boost liquidity amid the Covid-19 pandemic.

Mobile commerce provider Bango has added Softbank Corp. customers to its list of Japanese mobile phone carriers whose customers can now make purchases in their Amazon accounts and charge the cost to their phone bill.

Even though some organizations are now saying they don’t believe cash is a major culprit behind the spread of COVID-19, those taking extra precautions can rest assured they can continue to use contactless payments, while benefiting from the added fraud protection it presents, says FICO's TJ Horan.

Given American Express was reporting a 95% hit to one of its core businesses less than two months ago, announcing access to the world’s largest digital payments market has to be a major sigh of relief — even if there’s still entrenched competitors, an international virus and a cold war to navigate.

Nobody knows what the next six to 12 months are going to look like. That means AP needs to focus on conserving cash while keeping operations moving, says Nvoicepay's Josh Cyphers and Derek Halpern.

For Starbucks, the pandemic’s emergency workarounds are also a proving ground for a retail concept that could change the way people visit quick-serve restaurants.

MineralTree has retooled its platform so midsize corporations may process domestic and international invoices through one channel, and the firm has also formed a partnership with TransferMate to improve users' global currency payment options.

Even in the face of a threat as substantial as coronavirus, cash is not apt to ever fully go away.

Latin America is seeing a surge in digital wallet adoption as governments seek ways to disburse coronavirus aid to vulnerable citizens, and consumers look for safe alternatives to cash.

Payments processors are keeping a portion of payments as a reserve against potential disputes between cardholders and merchants. Small-business owners say the practice is eating into their profits.