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June 19, 2024

On the web

The Pix Will Get a Cell Phone Proximity Feature Soon

Mediarun

"In a recent statement, Central Bank President Roberto Campos Neto announced final adjustments to enable contactless payments via Pix on smartphones. This new feature promises to increase the popularity of this instant payment system in Brazil, where Pix already has impressive adoption numbers."

June 18, 2024

Top Post

A Fight Over an Illinois Interchange Prohibition Law Is Far From Over

Digital Transactions

"Groups representing Illinois financial institutions, along with the Electronic Payments Coalition, say they will fight to overturn the Illinois Interchange Fee Prohibition Act, which was passed earlier this month and is set to go into effect July 1 next year... Passed as part of a larger bill at the tail end of Illinois Spring legislative session, the Interchange Fee Prohibition Act exempts merchants in the state from paying interchange on sales tax."

On the web

Mastercard and Thought Machine Accelerate Core Banking Capabilities, Providing Seamless Payment Experiences

Thought Machine

"Mastercard and Thought Machine, a cloud-native banking technology company, are advancing their partnership to deliver high-quality payments and core banking (critical back-end technology for product and account management and the customer ledger) capabilities to financial institutions looking to modernise their technology stack."

On the wires

June 17, 2024

Top Post

On the web

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

Top Post

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

9to5Google

"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.”"

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