Klarna Reaffirms Its BNPL Roots Ahead of Its IPO
Klarna’s new distribution partnership with Stripe will make the Swedish fintech’s buy now, pay later service available as a payment option for merchants using Stripe in 26 countries. As Klarna prepares for its IPO, this alliance underscores the company’s commitment to BNPL, which remains the cornerstone of its growth strategy. The partnership significantly builds on […]
FedNow vs. RTP: Why the Answer to Real-Time Payments Is Both
Tue, Feb 4, 2025 1:00 PM – 2:00 PM EST Register Now As consumers, we love choices. But when it comes to fast, 24/7 payment options, businesses and financial institutions haven’t exactly been spoiled for choice—until now. With hundreds of FIs already on FedNow since its 2023 launch, and the momentum of The Clearing House’s […]
How Integrating Payments Enhances User Engagement, Drives Revenue
Payment integration is a powerful way to improve the user experience on any software platform by offering benefits that extend far beyond simple transaction processing. However, many business owners may hesitate to hand over such a critical function to an outside party. During a PaymentsJournal podcast, Jessica Tate, senior customer relationship manager at CSG Forte, […]
Judge Grants Partial Injunction in Illinois Interchange Fee Case
A judge in Illinois’ Northern District has determined that challenges to a law aimed at banning credit and debit interchange fees on taxes and tips may have merit. The Illinois Interchange Fee Prohibition Act (IFPA), passed last summer, is set to take effect this July. However, in August, the Illinois Bankers Association, American Bankers Association, […]
Modern Payment Solutions Are Fueling the Globalized Economy
As businesses increasingly engage in global transactions, modern cross-border payment solutions allow them to enhance speed and efficiency, generate cost savings, improve cash flow, and expand their reach. Local banks can play a crucial role in addressing these needs by providing faster, more reliable payments with blockchain. However, these benefits have not reached every corner […]
RTP’s Instant Payment Volume Nearly Doubled in 2024
The Clearing House’s RTP network saw the total value of its processed instant payments nearly double in 2024. Payments on the RTP network reached $246 billion in 2024, an increase of 94% from the previous year. While transaction volume grew at a slower pace, by 38%, it was still strong enough to push the network’s […]
How Criminals Are Circumventing Apple’s Fraud Protections for iPhone
Criminals have found a workaround that allows them to bypass the robust phishing protections that Apple has built into iOS, according to BleepingComputer. The operating system will automatically disable links in text messages that come from unknown numbers. However, if an iPhone user replies to a message, Apple’s tech reenables the links under the assumption […]
The Power of Real-Time Payments on a Global Scale
The United States employs multiple real-time payment schemes; however, unlike those in many emerging markets, these methods are not driven by a central government or central bank. In the absence of a centralized entity to organize payment processes, other stakeholders must take the lead in enabling instant, cross-border transactions. In a recent PaymentsJournal podcast, Alex […]
Congress’ New Digital Assets Chairs Have a Crypto-Friendly History
The incoming U.S. Senate will have its first-ever subcommittee on digital assets, chaired by longtime bitcoin advocate Cynitha Lummis (R-Wyo.). This will complement the Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, which will be chaired in the new Congress by Bryan Steil (R-Wisc.). Both incoming chairs have a strong history of […]
Shopify Highlights the Growing Demand for Enterprise Point-of-Sale Systems
Point-of-sale (POS) systems have evolved far beyond simply processing transactions at brick-and-mortar retailers, according to a trends report from Shopify. As a business scales, it often struggles to meet consumer expectations for omnichannel shopping experiences. Tracking and managing inventory across e-commerce and physical locations can lead to challenges that quickly mount up. Left unchecked, these […]