Worldline’s Latest Comeback Effort: A2A Services for Merchants
After operating in pilot mode for the past nine months, Bank Transfer by Worldline is now officially launching in ten European countries as part of an effort to revive its payment processing services. The account-to-account service is now integrated into roughly 500 of Worldline’s existing merchants’ online payment services and pay-by-link options. It is particularly […]
More Young Adults Get Financial Advice from Social Media Than Their Bank
Social media has become the primary source of financial advice for digitally native young adults—roughly 40% of Gen Z and 36% of millennials say they learn about financial topics from these platforms. According to a recent study by FIS, less than a quarter of younger adults receive financial advice from their financial institution. Despite being […]
Bank of Canada Takes Oversight of Payment Service Providers
In 2021, the Government of Canada passed the Retail Payments Activities Act, which required the Bank of Canada, the nation’s central bank, to begin overseeing payment service providers (PSPs). Under the legislation, Canadian PSPs—along with any entities involved in the electronic transfer or storage of funds—must register between November 1 and 15. In preparation of […]