Today: September 11, 2024
Today: September 11, 2024

Payments

Business|Economy|Finance

BofA payments app for businesses handled record $500 billion by mid-year

Bank of America’s corporate clients approved a record $500 billion in payments through its CashPro app by mid-year, up almost 40% versus the same period in 2023,

BofA payments app for businesses handled record $500 billion by mid-year
Economy

Australia unveils draft law to regulate digital payment providers

The Australian government said on Wednesday it planned to introduce laws that would empower the central bank to regulate digital wallet providers including Apple Pay and Alphabet's

Australia unveils draft law to regulate digital payment providers
Business

Visa extends its profit growth though 4Q as digital payments become more commonplace worldwide

Payments processing giant Visa Inc. has posted an 18% rise in its fiscal fourth-quarter profits

Visa extends its profit growth though 4Q as digital payments become more commonplace worldwide
Business|News

A processing glitch has held up a 'small percentage' of bank deposits since Thursday, overseer says

A glitch in the network that processes electronic transfers between nearly all U.S. bank accounts has led to delays in settling deposits, some of which remain stalled

A processing glitch has held up a 'small percentage' of bank deposits since Thursday, overseer says
Business

Commerzbank enters joint venture with Global Payments

German lender Commerzbank and U.S. company Global Payments announced on Thursday a joint venture to offer digital payment services to small- and medium-sized business customers across

Commerzbank enters joint venture with Global Payments
Business

Musk's X approved for Virginia money transmitter license

Social media platform X received approval for a money transmitter license in Virginia, the 17th U.S. state to grant approval, as the Elon Musk-owned company advances efforts

Musk's X approved for Virginia money transmitter license
Business

Barclays shifts focus to buyout firms for UK payments business sale – sources

Barclays plc is sounding out private equity firms about taking a majority stake in its UK merchant

Barclays shifts focus to buyout firms for UK payments business sale – sources
Business

Visa halts intermediated commercial card payments in India following RBI order

Visa on Wednesday said it received directions from the Indian central bank to halt all transactions for business payment solution providers (BPSPs) in commercial and business

Visa halts intermediated commercial card payments in India following RBI order
Business

JPMorgan joins France's payments network CB to skirt Visa, Mastercard

JPMorgan Chase & Co said on Tuesday it had joined France's leading payments network Cartes Bancaires (CB), becoming the first U.S. bank to do so as it seeks to offer cheaper card

JPMorgan joins France's payments network CB to skirt Visa, Mastercard
Business|Technology

Nexi, Stripe, Adyen launch Apple's Tap to Pay service in Italy

Payments companies Nexi, Stripe and Adyen have started offering businesses in Italy a way to accept payments from customers that relies on Apple's iPhones, they said on Wednesday.

Nexi, Stripe, Adyen launch Apple's Tap to Pay service in Italy
Business|Economy|Technology

Apple kills off its buy now, pay later service barely a year after launch

Apple is discontinuing its buy now, pay later service known as Apple Pay Later barely a year after its initial launch in the U.S., and will rely on companies who already dominate the industry like Affirm and Klarna

Apple kills off its buy now, pay later service barely a year after launch
Business|Technology

Apple turns to third parties for 'buy now, pay later' after sunsetting product

Although Apple is discontinuing its buy now, pay later service launched last year, the company is sticking with the product, with a successor to the offering launching later

Apple turns to third parties for 'buy now, pay later' after sunsetting product
Business|Economy|Technology

Nexi partners with Amazon Italy to support Bancomat Pay payments

Italian payments group Nexi said it had signed a partnership with Amazon's local arm allowing clients of the e-commerce giant to shop on its Italian website paying with a local debit

Nexi partners with Amazon Italy to support Bancomat Pay payments
Business|Economy|Technology

EU accepts Apple pledge to let rivals access 'tap to pay' iPhone tech to resolve antitrust case

The European Union says it’s accepting Apple’s pledge to open up its “tap to pay” iPhone payment system to rivals as a way to resolve an antitrust case and head off a potential hefty fine

EU accepts Apple pledge to let rivals access 'tap to pay' iPhone tech to resolve antitrust case
Business|Technology

Apple lets rivals use tap-and-go payments as EU's Vestager warns on tech charges

Apple will open its tap-and-go mobile payments system to rivals, EU antitrust regulator said on Thursday, even as its chief Margrethe Vestager said the iPhone maker

Apple lets rivals use tap-and-go payments as EU's Vestager warns on tech charges
Americas|Economy|Technology

Brazil's central bank delays launch of new feature in popular payment system

Brazil's central bank said on Monday a new feature for its popular Pix instant payment system aimed at automatically paying recurring bills will be launched next June instead of

Brazil's central bank delays launch of new feature in popular payment system
Business|Economy|Finance

Visa's fiscal third-quarter profits rise 9% as payments become increasingly digital

Payment processing giant Visa Inc. said its fiscal third-quarter profits rose 9% on an adjusted basis as it benefits from consumers and businesses moving their payments from cash to credit and debit cards

Visa's fiscal third-quarter profits rise 9% as payments become increasingly digital

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