"The use of cashless payments continues to increase. In particular, the use of credit transfers and e-money has grown, especially in emerging market and developing economies (EMDEs). Fast payments are gaining further ground and a key driver of the growing use of...
A Cup of Coffee with Deposit Tokens… Bank of Korea’s ‘Digital Currency’ Experiment
"The Bank of Korea and financial authorities will begin the 'digital currency experiment' for the first time next month. Bank deposits can be converted into 'deposit tokens' and used at convenience stores, cafes, bookstores, and more. The Bank of Korea, Financial...
Gartner Warns Agentic AI Will Accelerate Account Takeovers
"Within two years, AI agents will accelerate the time it takes threat actors to hijack exposed accounts by 50%, Gartner has warned. The analyst claimed that the technology would help to automate more of the steps necessary to accomplish account takeovers (ATOs), such...
Porter Airlines, BMO and Mastercard Launch First Canadian Credit Card Program Granting Immediate Airline Loyalty Benefits
"Porter Airlines, BMO and Mastercard are announcing the launch of two new BMO VIPorter Mastercard credit cards – creating the first and only travel credit card program in Canada that grants immediate frequent flyer benefits for cardholders in an airline’s loyalty...
Clear Partners With Stripe to Power Billing and Payments for Millions of Customers
"Stripe announced that CLEAR—a leading identity verification platform trusted by over 30 million customers—is moving its payments and billing to Stripe. CLEAR is best known for its flagship membership, CLEAR Plus, which uses biometrics to speed up identity...
Sam Altman’s World Network in Talks With Visa for Stablecoin Wallet, Coindesk Reports
"Sam Altman's cryptocurrency project World Network is in talks with Visa for a stablecoin payments wallet, CoinDesk reported citing a person familiar with the plans. A deal will bring Visa card functionality to World Network wallets and allow stablecoin-based payments...
Walmart Partners With JPMorgan To Speed Payments to Online Sellers
"JPMorgan Chase and Walmart are partnering to speed up payments for merchants that sell items through the retail giant's website. The pairing will allow merchants on Walmart's marketplace platform to accept and make payments, while managing cash flow using JPMorgan's...
The Subscription Generation Gap: Who Pays, Who Churns, Who Stays
"There’s a divide in how different generations use and value media subscriptions that aren’t discussed often enough. The divide is not just about what different generations consume—but how, why, and how long they stick around. Streaming, news, gaming, and even creator...
Fiserv Small Business Index™ for April 2024: Sales at Retail and Service Businesses Grow, Discretionary Spend Slows
"Fiserv, Inc. published the Fiserv Small Business Index™ for April 2024. The Fiserv Small Business Index is an indicator of the performance of small businesses in the United States at national, state, and industry levels."
FinCen to Track Money Transactions Near Mexico Border
"Consumers in some regions will soon have cash withdrawals at money service businesses tracked. The US Treasury Department's Financial Crimes Network will mandate certain border regions near Mexico to report cash deposits and withdrawals of $200 or more, according to...