Senate hears testimony pushing for U.S. digital currency
The U.S. Senate on Wednesday conducted a hearing related to a possible rollout of a Central Bank Digital Currency (CBDC),...
Payments
Payments processor Marqeta climbs after $1.23 billion IPO
Marqeta Inc., an online card and payment processing company, rose as much as 21% in its trading debut after raising...
Walmart and PayNearMe deal allows customers to pay rent, utility bills with cash
Walmart continues to ramp up its financial services offerings, today announcing a new deal inked with payments platform PayNearMe that allows customers to pay rent, car payments and utility bills with cash at participating Walmart stores starting in August. Customers will use the PayNearMe...
Executive Q&A with Bobby Matson, founder and CEO of Payitoff
Payitoff automates student loan repayment for financial institutions, reducing defaults and saving, on average, $240 a month per borrower, says...
Banks should prep for FedNow’s real-time payments
The U.S. is seven months out from testing the FedNow Service, the Federal Reserve’s real-time payments rail, and now is...
Powell seeks input as Fed digs deeper into digital currencies
Federal Reserve Chair Jerome Powell turned up the volume in the U.S. digital dollar debate, announcing the central bank will...
FIS and NYDIG roll out mobile banking for Bitcoin via traditional bank accounts
Technology solutions provider FIS is set to roll out a mobile banking solution that enables banks to give their customers...
Online payment fraud in e-commerce to exceed $20 billion in 2021
As people increasingly shop online, fraudsters are targeting weak points in the e-commerce ecosystem. Image: Nahel Abdul Hadi/Unsplash Losses from...
Payments platform Plastiq partners with accounts receivable automation firm Billfire
Business-to-business payments firm Plastiq has announced a partnership with automated accounts receivable platform Billfire that will allow merchants to accept...
Capital One test-drives a partner integration to reduce false transaction declines
Capital One is partnering with e-commerce fraud prevention platform Forter to reduce false transaction declines with a new automated integration....
