Real-time Payments

April, 2024

• 24 April

  Steady Consumer Spending Helps Buoy Visa As It Strikes Deals for Open Banking

  

  Citing “relative stability” across key business metrics, such as cross-border volume, Visa Inc. late Tuesday reported March-quarter increases of 10% year-over-year in both net revenue ($8.8 billion) and net income ($4.7 billion). Driven by stable consumer spending, dollar volume grew 8%, while total cross-border dollar volume grew 16% and processed …
• 22 April

  Apple Wallet Open in Europe? and other Digital Transactions News briefs from 4/22/24

  

  The European Commission’s antitrust regulators are likely to approve, perhaps as early as next month, proposals from Apple Inc. that would open the iPhone’s NFC capability to wallets that rival Apple Pay, Reuters has reported. If accepted by the regulator, the proposals would end a four-year inquiry that otherwise could have led …
• 15 April

  Eye on Bitcoin: Get Set for the Latest ‘Halving;” Bitcoin Depot Welcomes Investors for its Kiosk Deployments

  

  Bitcoin was designed to be a medium of exchange, like dollars, but it has become over time more like an investment, such as gold. Now, Bitcoin investors and consumers alike face an event that will significantly affect the value of their holdings, drive up Bitcoin’s price, and affect the digital …
• 12 April

  Nuvei Launches Invoice Financing and other Digital Transactions News briefs from 4/12/24

  

  Processor Nuvei Corp. launched a financing option to allow client merchants to make invoice payments through their enterprise resource planning (ERP) platforms. Health and beauty retailers lead all sellers in adoption of gift cards, followed by general merchandise retailers and sporting-goods stores, according to scores developed by Blackhawk Network and NAPCO Research …
• 4 April

  NAB’s Visa Integration and other Digital Transactions News briefs from 4/4/24

  

  Payments provider North American Bancard LLC said it has integrated its merchant processing platform with Visa Inc.’s Visa Acceptance Platform, allowing it to offer merchants access to Visa properties such as Cybersource, a fraud-detection platform. The Clearing House Payments Co. LLC said first-quarter volume on its RTP real-time payments network set a quarterly …
• 2 April

  PayPal, Venmo Activate Visa+ and other Digital Transactions News briefs from 4/2/24

  

  Visa Inc. announced PayPal and Venmo have activated Visa+, its interoperable peer-to-peer payments service that enables users in one P2P service to make a payment to another person using another network. Fintech Current and The Western Union Co. are expected to enable Visa+ next, Visa said. The service’s B2C payout capability has …
• 1 April

  AirAsia and Trip.com in Payments Collab and other Digital Transactions News briefs from 4/1/24

  

  Travel platform Trip.com Group said it will work with Capital A Berhad, parent of the airline AirAsia, to support ticketing, payments, and other functions. Visa Inc. has been announced as a founding partner of Bay FC, a new Bay Area women’s professional soccer franchise in the National Women’s Soccer League. Dime Community Bancshares launched …

March, 2024

• 25 March

  Eye on Crypto: Bitcoin Depot Eyes Big Growth in 2024; BTCS Swings to a Profit

  

  Less than a year after going public, Bitcoin ATM network deployer Bitcoin Depot Inc. on Monday said it is eyeing substantial growth in 2024. Meanwhile, blockchain technology provider BTCS Inc. swung to a profit in 2023 after a loss in 2022. Recent developments from Atlanta-based Bitcoin Depot include the purchase …
• 18 March

  FIS Enlists AI in Fraud Detection And Other Digital Transactions News briefs from 3/18/24

  

  FIS Inc. said its SecurLock service, working with artificial-intelligence technology from the fintech Stratyfy, is set to increase the volume of card transactions accurately identified as fraudulent, allowing clients to stop the transactions before they are consummated. FIS said the technology “was able to deliver a significant improvement of accurately identified …
• 15 March

  COMMENTARY: Real-Time Funding Improves the Digital Wallet Experience. Here’s How

  

  Digital wallets such as PayPal, Venmo, Apple Pay, and Google Pay are ubiquitous components of everyday financial activity for millions of people. With users increasingly using and maintaining cash balances on digital wallets, they are starting to demand 24/7 access to their money. They also expect faster and more visible …