Mobile Wallets

More than four years after it began testing its own blockchain-based stablecoin, JPMorgan Chase & Co. is processing $1 billion in transaction volume per day for JPM Coin, Takis Georgakopoulos, JPMorgan’s global head of payments, told Bloomberg News during an interview. Created in 2019 and launched in 2020, JPM Coin …

The Federal Reserve Board is set to revisit its longstanding limit on debit card interchange on Wednesday, and most observers expect the Fed to lower it. But ask Visa Inc. about the matter—as analysts did Tuesday afternoon during the network’s September-quarter earnings call—and its top executives outwardly at least profess …

Numbers from Fiserv Inc. early Tuesday indicate the big processor’s payments and network business for financial institutions is growing at a steady clip, with September-quarter revenue in that business up 5% year-over-year, to $1.71 billion in volume. Riding that wave, the company’s top brass late Monday announced a deal with …

Though the official launch of the Paze online wallet from Early Warning Services LLC isn’t slated until 2024, Paze executives are already demonstrating the product. As many as 150 million credit and debit cards from seven large banks could be loaded into Paze, complete with billing addresses, as Early Warning …

Prepaid payments platform Blackhawk Network said it is working with customer-engagement provider Extole to enable digital rewards and incentives for Blackhawk client merchants. U.S.-based Beame Technologies Inc. said it is working with authentication platform LISNR to offer BeamPay, a mobile-payments service, in Cabo Verde, Africa. U.S.-based business-to-business payments platform Balance said it is working with Hokodo, …

While rewards are the biggest reason consumers choose a credit card, cardholders believe issuers have more room for improvement when developing rewards programs, especially when it comes to personalization, according to Marqeta Inc.’s 2023 State of Credit report. The report reveals that 58% of consumers surveyed cited rewards as the …

The audience for buy now, pay later loans is widening to include financially healthy consumers who don’t need the extended buying power BNPL loans provide. The reason, according to a report citing J.D. Power’s 2023 BNPL Satisfaction Study, released in August, is reasonable repayment terms. While some 28% of U.S. …

On The Fly POS’s latest product, called Ground Control, is making it easier for hospitality merchants to use their own devices for ordering and table management. The new app, with versions for both iOS and Android mobile devices, enables merchants to use their own hardware with an integrated software app …

An agreement between processor Fiserv Inc. and open-banking platform Plaid will allow consumers who use any of Fiserv’s 3,000 client banks to share financial information with third-party apps and services. Discover Financial Services’ Discover Global Network launched a cloud-based version of its stored payment tokens service. Tokens are digital replacements for actual card credentials. …

Payments platform Klarna AB announced a series of new services, including Shopping lens, which enables shoppers to take a picture of an item in their surroundings to find out where to buy it on the best terms. The service uses artificial intelligence to render the item in a search term. Technology consultancy Thoughtworks said …