With action Tuesday by the U.S. Senate to pass the GENIUS Act, the move to establish rules that would govern the burgeoning stablecoin industry now transits to the U.S. House of Representatives, where lawmakers have developed their own set of rules, the STABLE Act. Meanwhile, stablecoin-market participants are looking to the …
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Add another unique service to Klarna AB’s product roster. The buy now, pay later specialist is adding mobile-phone service to its product list. A waitlist is available now, with a launch expected in coming weeks, Klarna says. The United Kingdom and Germany are expected to follow. Klarna hopes to tap …
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Fiserv Inc. announced late Tuesday it will begin offering Paze, the online-payment system from Early Warning Services LLC, to financial institutions. Fiserv will, in addition, support Paze across its e-commerce payments platform. The collaboration with Fiserv is expected to help Paze significantly expand its reach to banks and credit unions …
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Felix Payment Systems Ltd. launched what it says is the industry’s first deployment of a Windows-based softPOS solution. The deployment came in collaboration with Nebraska Furniture Mart and technology company HP Inc. SoftPOS allows merchants to accept contactless payments on an ordinary mobile phone. Celerant Technology Corp. released version 2.8.2 of its point-of-sale technology, …
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Some 55% of remittance-sending consumers expect to send more or the same amount of money overseas in 2025, says Visa Inc.’s “2025 Digital Remittances Adoption Report.” In 2024, global remittances totaled $905 billion, up from $865 billion in 2023, according to the World Bank, a 4.6% increase. In the United …
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The NFC Forum, a global standards body for near-field communication technology, issued Release 15, which extends the range of certified compliant NFC contactless connections up to 2 centimeters, four times greater than the current standard 0.5 centimeters. Some 97% of decision-makers in the hospitality industry said they are confident about …
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Digital advertising incorporated in branded checkout is the newest avenue for PayPal Holdings Inc. The digital-wallet and payments provider launched Storefront Ads Monday, a service to get PayPal-accepting merchant products in front of online consumers. Storefront Ads not only showcases the merchant but includes a “Buy with PayPal” button within …
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When it comes to payments, Millennials want options that match their mobile-first lifestyle, such as mobile wallets, says a study by payments platform provider PXP Financial Ltd. Overall, 56% of Millennials—generally those born between 1981 and 1996—use a mobile device daily. Apple Pay is one of the most popular mobile …
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Stablecoins are starting to move beyond niche status. Both Walmart Inc. and Amazon.com Inc. are investigating whether to issue the digital currency in the U.S. market, The Wall Street Journal reported early Friday. Details are sketchy. Neither megamerchant responded to queries about the matter from Digital Transactions News. It also …
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Efforts to attach the Durbin-Marshall Amendment to the proposed GENIUS Act, a bill to regulate stablecoins, have failed. The Senate moved late Wednesday to advance the stablecoin bill without any amendments. Efforts to attach the amendment, which is the latest version of the Credit Card Competition Act, to the GENIUS …
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