Issuing/Originating

The Digital Dollar Project early Wednesday issued recommendations that include bigger investments by the federal government in researching a tokenized digital dollar. The group also called on the United States to exert leadership internationally in setting global standards for government-issued digital currencies even if the U.S. itself ultimately refrains from …

You have to spend money to make money. That’s an old adage, and it’s true. But actually making the payments takes up a lot of people’s time. It’s critical to your business operations, but it’s not why you’re in business. That means there are opportunity costs. You have to spend …

Clowd9, a cloud-based payment-processing platform, said it will use 3-D Secure issuer services from Netcetera to authenticate transactions and for access control services. Mastercard Inc. introduced its Mastercard Artist Accelerator program, which aims to assist fledgling music artists through nonfungible tokens and other Web3 technologies.

Five years on, the Real Time Payments network from The Clearing House Payments Co. LLC continues to gain new members outside of legacy banking. The latest is NorthOne, a fintech that offers financial management services for small businesses, startups, and freelancers. New York City-based NorthOne, which was founded in 2016, …

China-based UnionPay International announced 38 million merchants globally now accept the UnionPay card, four times the number 10 years ago, with 4 million added in 2022. UnionPay has issued more than 20 million cards internationally this year, bringing to more than 200 million the number of cards outside the Chinese Mainland. Former …

Dealer-Pay, a payments-technology provider for automobile dealerships, has integrated its platform with Dealertrack, a management system serving the same industry. Guarda, whose cryptocurrency wallet includes a prepaid Visa card, added five more digital currencies to the 14 it already supports. Supported cryptocurrencies include Bitcoin and Ethereum. Japan-based Smartpay has launched Smartpay …

MoneyGram International Inc. announced a partnership with bill-payment platform CellPay to expand bill-pay options for MoneyGram users while expanding acceptance for MoneyGram’s service to more than 30,000 billers. Some 3.46% of U.S. consumers opened a new credit card in November, down from 3.7% in November 2021, according to the December 2022 …

U.S. retail sales in the Nov. 1 to Dec. 24 period, excluding automotive, grew 7.6% compared to the same time in 2021, according to Mastercard Inc.’s SpendingPulse, which tracks in-store and online sales. E-commerce sales alone were up 10.6%. The calculation took account of all forms of payment but was not …

The world will not stand still in 2023—not in retail and certainly not in payments. For the coming year, security and automation will be the focus of the trends and innovations we’ll be seeing in the payments space. Let’s explore this further. Credit card tokens from Visa, Mastercard, Discover (Diners), …

As the holiday shopping season heads into the home stretch, consumer concerns over withered buying power due to inflation is expected to tamp down overall spending, according to J.D. Power’s Banking and Payments Intelligence Report. In a November survey of 4,000 retail bank customers nationwide, 40% said they expect to …