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June 14, 2024

Top Post

On the web

After Declining Amex, Ebay to Begin Accepting Venmo

Retail TouchPoints

"Ebay has drawn a line in the sand when it comes to payments. After very publicly announcing that it would no longer accept American Express due to “unacceptably high fees,” the online marketplace said it will be adding Venmo as a payment option in the U.S. as part of a “continued push to expand ways to pay and invest in digital natives.”"

Surge in Digital Payments in Vietnam

VietNamNet News

"Vietnam has seen a surge in the adoption of innovative and secure payment methods, such as QR Code payments, contactless chip cards, biometric authentication, and data encryption. According to the State Bank, from 2021 to 2023, internet and mobile payment transactions grew by 52% and 103%, respectively. QR Code payment transactions alone increased by more than 170%."

June 13, 2024

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On the web

CFPB Proposes to Ban Medical Bills from Credit Reports

Consumer Financial Protection Bureau

"The Consumer Financial Protection Bureau (CFPB) proposed a rule that would remove medical bills from most credit reports, increase privacy protections, help to increase credit scores and loan approvals, and prevent debt collectors from using the credit reporting system to coerce people to pay."

On the wires

Alipay+ Expands Global Merchants Coverage for Partner E-Wallets in UEFA EURO 2024™ Summer Craze

Business Wire

"As official payment sponsor of UEFA EURO 2024™, Alipay+, the cross-border mobile payment and digitalization technology solutions operated by Ant International, and its global partners gears up for an action-packed summer, expanding cross-border mobile payment acceptance and introducing exclusive campaigns with offers and benefits for Alipay+ partner e-wallets’ users in anticipation for the surge in travel."

June 12, 2024

On the web

Google Shuts Down Gpay App and P2P Payments in the US


"As announced in February, “GPay” is no longer available in the US...Starting on June 4, GPay — as was the name of the app on Android homescreens — automatically signed US users out. Attempting to login again explains how: “The Google Pay US app is no longer available. You can still tap to pay using the Google Wallet app.”"

XTransfer and Banking Circle Announce Strategic Partnership

Banking Circle

"XTransfer, the leading B2B cross-border payment platform from China, and Banking Circle have entered into a strategic partnership. This collaboration aims to reduce the cost and processing time of cross-border payments for XTransfer’s clients, particularly benefiting Chinese suppliers with significant markets in Europe and the Middle East."

June 11, 2024

Top Post

On the web

Designing an Informed BIN-Based Routing Strategy


"Given the recent explosion in online payments, available payment methods, and payment routing options, companies have a lot to think about when it comes to processing transactions. One such challenge—and opportunity—is deciding which processor to send any given transaction to."

On the wires

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