eBay Adds Pay-by-Bank in the UK and Boosts Open Banking Investments
Secure real-time payments are foundational to the open banking model, enabling users to pay directly from their bank accounts across a wide range of use cases. This capability is largely delivered through APIs provided by third-party fintechs. This is the model that eBay plans to implement in the UK, where the e-commerce giant will tap […]
How Developers Are Driving the Future of Embedded Payments
Every year, billions of dollars vanish at the final step of online shopping, not because consumers change their minds, but because of hurdles within the checkout experience. Despite decades of innovation in payments technology, many shoppers still walk away when checkout feels slow or overly complex, costing businesses an estimated $260 billion annually. The answer […]
Surcharges and Discounts Can’t Overcome Payment Inertia
Merchants can dangle discounts or tack on surcharges, but it rarely changes how consumers pay. Consumers overwhelmingly stick with their preferred payment method, driven more by habit than by small financial incentives. That’s one of the key findings in a new report from the Federal Reserve Bank of Atlanta, Merchant Steering of Consumer Payment Choice. […]
Stripe’s Crypto Segment Bridge Gets Greenlit as National Trust Bank
For years, compliance and security concerns kept many financial institutions on the sidelines of the digital asset market. Now, that hesitation is giving way to cautious optimism—and, increasingly, active participation. That shift is due in part to the passage of the GENIUS Act in the U.S., which established clear ground rules for stablecoin issuers. Since […]
The Gift Card Shift: From Convenience to Core Shopping Strategy
The past holiday season didn’t just test consumer wallets—it revealed how dramatically shopping behavior is evolving. As inflation-weary shoppers searched for flexibility, value, and convenience, gift cards emerged as a central tool in how consumers planned, budgeted, and ultimately gifted. From promotion hunting to increased reliance on AI, the behaviors that defined the season are […]
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 […]
Who Wins If the Debit Fee Cap Limit Gets Raised?
More than a decade after the Dodd-Frank Act redrew the regulatory boundaries of the banking industry, two Republican senators are seeking to revisit one if its key thresholds—a move that could steer millions in additional debit card revenue to community banks, credit unions, and their fintech partners. According to Bloomberg, the legislation, introduced by Sens. […]
After FanDuel Cuts Credit Cards, Stored-Value Accounts Take Center Stage
Using debt to fund gambling activities is a highly risky proposition, even more so when transaction fees are involved. That’s why online betting giant FanDuel will no longer allow customers to fund accounts with credit cards. The ban will apply to the company’s U.S. sportsbook, casino, and racing segments and follows mounting industry pressure and […]