UK Banks Move Forward with Payment Rail Plans
A UK consortium has put plans for a payment rail to rival Mastercard and Visa on the front burner, with meetings among top British banking officials scheduled for this week. The aim is for the new system to be operational by 2030. Visa and Mastercard currently handle roughly 95% of all card transactions in the […]
Olympics Payments Hurdles Are a Microcosm of EU Challenges
Visa has been the sole card provider for the Olympic Games for roughly 40 years, but its dominant positioning has become a point of concern at this year’s Winter Olympics. The main issue is that all official souvenir stores at the Milano Cortina games only accept Visa or cash. With cash usage declining across Europe, […]
From Cross-Border Payments to Community Banks: The Future of Zelle®
In just eight years, Zelle has revolutionized the way people send money. And the best is yet to come—peer-to-peer payments are expanding to small businesses and cross-border transactions, opening up a world of new possibilities. In a PaymentsJournal Podcast, Tina Shirley, Senior Director of Product for Fiserv, and Brian Riley, Co-Head of Payments at Javelin […]