Thursday , March 28, 2024

Digital Currency

Wirex Lists a New Stablecoin and other Digital Transactions News briefs from 5/31/22

Cryptocurrency-based payments platform Wirex listed a new stablecoin, NXUSD, on its platform and added support for it to its digital wallet.In related news, Asia-based crypto-investment platform Bit.Store said it is extending a partnership with crypto-based payments provider Alchemy Pay to add mobile wallets and domestic instant-transfer capabilities to Bit.Store alongside existing credit card and …

Read More »

CFPB Targets Card Issuers and other Digital Transactions News briefs from 5/26/22

The Consumer Financial Protection Bureau has sent a letter to the chief executives of JP Morgan Chase, Citibank, Bank of America, Capital One, Discover, and American Express asking them to explain the practice of omitting data about consumers’ monthly credit card payments when sending information to credit-reporting companies. The CFPB contends the …

Read More »

Social Life Blends QR Codes With Crypto to Spark Mobile Payments for Retail Niches

Two of the busiest trends in payments are quick-response (QR) codes and cryptocurrency, and now payments players are finding ways to blend the two. Social Life Network Inc. on Friday said its Decentral Life unit has added a QR code application for its platform supporting digital wallets and payments. The …

Read More »

The Bahamian Sand Dollar Is the First CBDC to Use Facial Recognition to Verify Users

Central bank digital currencies are still a relatively new payment method around the world, but now they’re starting to address the issue of user authentication, and at least one is doing it with facial-recognition technology. PopID Inc. on Thursday announced holders of the Bahamian Sand Dollar, one of the first …

Read More »

Afterpay Now In-Store at Square Merchants and other Digital Transactions News briefs from 5/17/22

Square announced its Afterpay buy now, pay later service is available to in-person point-of-sale merchants in the United States and Australia who use Square Point of Sale, Square for Retail, Square Appointments, or Square for Restaurants. In the first quarter, Square, a unit of Block Inc., said the average transaction size with Afterpay …

Read More »

Kickfin Enlists Visa Direct for Tip Payouts and other Digital Transactions News briefs from 5/13/22

Kickfin, a tip disbursement provider, said its tie-in with Visa Direct, the card brand’s push payment service, will enable its clients to send cashless tip payouts directly to employees’ existing bank accounts via eligible debit cards.Buy now, pay later provider Affirm Inc. announced a multi-year extension of its agreement to provide installment-payment …

Read More »

Google’s New Wallet Digitizes Payment Cards Plus Drivers’ Licenses And Other Credentials

In a nod to consumers’ preference to have all the contents of a physical wallet digitized—including driver’s licenses and vaccine cards, in addition to payment cards—Alphabet Inc.’s Google subsidiary has introduced a new Google Wallet. The new wallet, which Google plans to make available in more than 40 countries, is …

Read More »

Checkout.com To Acquire ID Firm ubble and other Digital Transactions News briefs from 5/12/22

Payments provider Checkout.com has agreed to acquire ubble, a provider of identity-verification technology, in a transaction set to close later this year. Terms were not disclosed.The March 18 increase in the same-day limit to $1 million helped lift same-day ACH volume in the first quarter to $290.3 billion, up 53.3% year-over-year, Nacha said. Transactions …

Read More »

Paying Rent with Crypto and other Digital Transactions News briefs from 5/10/22

Apartment-rental platform Livly said tenants can make rent payments in cryptocurrency through the Livly Resident Mobile App. Landlords will be paid in U.S. dollars.Banking-technology provider Jack Henry & Associates said consumers and businesses will be able to access cryptocurrency trading through the company’s Banno Digital Platform. Jack Henry is partnering with NYDIG, a crypto …

Read More »

Fiserv Adds Loyalty Option and other Digital Transactions News briefs from 5/9/22

Large retailers that use Fiserv Inc. payments-acceptance technology can add loyalty functions via a new agreement between Fiserv and loyalty-technology provider Exchange Solutions.The global standards body EMVCo said it is developing an EMV Contactless Kernel Specification for contactless payment acceptance around the world. The new specification will take the place of the more than …

Read More »
Digital Transactions