The future of payments choices at the fuel pump
Cash as a payment method isn’t disappearing anytime soon. But consumers are carrying less of it. In 2018, the average American had $42 in their wallet — $8 less than they did in 2017. And [...]
BMO to implement cross-border payments with Mastercard Send
Mastercard has entered an agreement with BMO Bank of Montreal to implement Mastercard Send, which will allow faster cross-border payments for its Canadian-based business and commercial banking [...]
Visa, FIS to collaborate on large cross-border B2B payments
Visa Inc. entered an agreement with Fidelity National Information Services Inc. to allow the company’s commercial financial institution clients to access Visa’s B2B Connect platform, [...]
FINANCIAL SERVICES WEEK AHEAD APRIL 29 to MAY 3
U.S. House of Representatives House Committee Activity Agriculture Subcommittee on Commodity Exchanges, Energy, and Credit, Business Meeting To receive testimony from Chairman J. Christopher [...]
Removing the drag from tableside payment growth in the US
As U.S. restaurant operators look to comply with EMV standards, there is a shift towards the European model of bringing the payment device to the table in the form of a tableside POS or card [...]
Wells Fargo begins contactless credit, debit card rollout
Wells Fargo & Co. has announced the launch of contactless consumer credit and debit cards that will allow customers to tap-to-pay at millions of retail stores, public transit hubs and other [...]
Bill.com raises $88M, enters deal with Mastercard on faster payments for SMBs
Bill.com, a digital business payments company that manages about $60 billion in payments per year for 3 million-plus members, has raised $88 million in funding led by Franklin Templeton and, [...]
FINANCIAL SERVICES WEEK AHEAD APRIL 8 to APRIL 12
U.S. House of Representatives House Committee Activity Monday, April 8 Committee on Rules Business Meeting: H.R. 1644 Save the Internet Act of 2019; H.R. 2021Investing for the People Act [...]