PaymentsSource

PaymentsSource
Share

PaymentsSource

 •  February 23

The information you need to start your day, from PaymentsSource and around the Web: In transit: Transportation has become an important gateway for payments innovation, leading Visa to open a dedicated innovation hub in London. Called the Transportation Center of Excellence, it will combine the Visa Developer Platform, Visa Token Service, Visa Ready...

PaymentsSource

 •  February 23

Ant Financial, which operates China's popular Alipay wallet, has a plan for the U.S. that goes beyond its abandoned purchase of MoneyGram. That deal fell through after pushback from the U.S. Committee on Foreign Investment, but it was far from the first move Ant made in the U.S. — and it was never meant to be the last. Ant's U.S. efforts have long...

PaymentsSource

 •  February 23

Ant Financial, which operates China's popular Alipay wallet, has a plan for the U.S. that goes beyond its abandoned purchase of MoneyGram. That deal fell through after pushback from the U.S. Committee on Foreign Investment, but it was far from the first move Ant made in the U.S. — and it was never meant to be the last. Ant's U.S. efforts have long...

PaymentsSource

 •  February 23

Citigroup Inc., one of the world’s largest credit card issuers, said it will refund $335 million to U.S. customers whose annual percentage rate should have been lower. The lender determined that a method it was using to calculate APRs didn’t properly reflect the full benefit customers should have received for good behavior, such as paying on time,...

PaymentsSource

 •  February 23

For retailers, making the transformation to accept digital payment is not merely about changing the POS system, it’s about changing the mindset of doing business. Going cashless has made the transaction easier. Customers frequently make low to mid-value purchases, such as paying for coffee, breakfast, transportation, etc. The development in fintech...

PaymentsSource

 •  February 23

Amazon CEO Jeff Bezos has a very simple concept for his business, which he calls the Amazon Flywheel. The tech giant has always been focused on maintaining a strong growth outlook, and the starting point for that growth is delivering an unmatched customer experience. The retailer’s superb customer experience drives increase in traffic through...

PaymentsSource

 •  February 23

Nearly a year after integrating with major mobile wallets, Punchh is expanding its cloud-based platform to integrate loyalty and payments for quick-service restaurants. Nine more restaurant brands plan to incorporate the Mountain View, Calif.-based company's Restaurant Marketing Cloud designed to deliver loyalty programs in which payments and...

PaymentsSource

 •  February 22

Citing a need for merchants to better understand payments behavior across various digital channels, Visa has launched Token Management Service for its global clients. Token Management Service, a part of Visa's CyberSource payments management platform, will allow merchants to view and monitor transaction preferences and behaviors across their...

PaymentsSource

 •  February 22

In Zelle’s national advertising campaign, the bank-run P-to-P network spotlights consumers paying a personal trainer, a babysitter and a neighbor. It sets an expectation that Zelle can be used like a credit card, and scammers have figured out how to exploit this trust. Experts suggest that Early Warning, which operates Zelle, needs to sharpen its...

PaymentsSource

 •  February 22

Hot on the heels of the January debut of the first Amazon Go store in Seattle, the e-tailer is reportedly planning to open six more stores over the course of 2018. It's a surprising show of confidence from Amazon, which only opened the doors to its Seattle store after internal employee tests reportedly challenged the premise that the store's...