New York State Launches New Suit Against Zelle
Zelle faces a new lawsuit over allegations that it lacked critical safety features, enabling criminals to steal more than $1 billion from consumers. The suit builds on an earlier complaint from the U.S. Consumer Financial Protection Bureau, which was dropped in March. Although Zelle has since implemented protective measures, the lawsuit seeks to compel the […]
Google Requires Licensing for Crypto Wallet Providers
After generating some controversy with its initial announcement, Google has clarified its rules regarding crypto wallets in its app store. Google Play will require crypto wallet companies in many regions, including the United States and the European Union, to be licensed with their domestic regulators and comply with industry standards. U.S. wallet providers would need […]
The Greatest Payments Mistakes, and How to Solve Them
Wirecard was once the darling of the German stock market and a leading global payments player—until it went bankrupt due to mismanagement and fraud. The collapse left many major organizations unable to accept payments, having become too reliant on Wirecard as their sole payment service provider (PSP). While this may be an extreme case, overreliance […]
Wall Street Welcomes Institutionally Focused Crypto Exchange
Bullish has completed its initial public offering, with the company valued at more than $5 billion. The strong debut signaled that digital assets have firmly established a place on Wall Street. Bullish operates a crypto exchange focused on institutional investors, as well as the trade publication CoinDesk. The IPO was led by Wall Street heavyweights […]
Thredd and Mastercard Launch Custom Cross-Border Payments for Travel
Payments company Thredd is leveraging Mastercard’s network to give its travel agency clients a more efficient way to conduct international transactions. Online travel agencies (OTAs) such as Expedia or Airbnb face unique payments hurdles due to the nature of the industry. These companies often reserve hotel rooms or airline seats based on partial payments—transactions that […]
With Rising Compliance Demands, Reconciliation and Reporting Take Center Stage
Many organizations treat their reconciliation and reporting as mere check-the-box activities, investing only the bare minimum to remain compliant. However, companies that deprioritize these critical back-office functions risk being caught unprepared when faced with a more stringent regulatory environment. In a recent PaymentsJournal podcast, Roger Binks, Chief Commercial Officer at Kani, and James Wester, Co-Head […]
Why Newcomers to Canada Struggle to Build Credit Histories
Building and maintaining a good credit score is generally challenging, but newcomers to a country often face an even steeper climb. A study by TD Bank found that individuals who have moved to Canada within the past five years have struggled to make headway in the country’s credit system. The survey revealed that roughly 80% […]
Google Integrates Pay Over Time into Its Autofill Menu
Google Pay has rolled out a handful of updates to its Chrome autofill platform, with the most notable being that “pay over time” options now appear beneath credit and debit cards in the menu. This change underscores the idea that buy now, pay later services are becoming a standard payment method. The biggest immediate winner […]
SoftBank Plans to Launch PayPay into Crowded U.S. Market
SoftBank has begun planning an initial public offering in the United States for its Japanese payments app operator, PayPay. The service boasts 70 million users in Japan—more than half the country’s population—but the IPO would enter a crowded U.S. payments app market. Since its launch in 2018, PayPay has dominated the Japanese market, processing more […]
Stripe Adds Pix Payments Through EBANX Integration
Stripe’s network of businesses will be able to offer their customers in Brazil the option to make Pix payments in Brazilian Reals, with settlements available in the merchant’s domestic currency. The integration, facilitated by Latin American payments firm EBANX, will be available to both businesses directly integrated with Stripe and those using e-commerce platforms built […]