Barclays is launching a mobile banking app which will allow customers to manage their accounts on the go (view press release). Users of the service will be able to view their balances and last 30 transactions, make transfers between accounts, pay…
On a potentially historic day for the network, PayPal announced a massive slate of new payments partners, including fifteen retailers, four “mid-market” software providers, and, most notably, two of the world’s three largest point-of-sale terminal manufacturers. Perhaps the most transformative…
PAYVE, a new digital payment service that enables large and medium sized companies to centralise the processing of multiple payment methods Read More
Ever wonder why electronic payments take a few days to clear your bank account? It’s due to the 40-year-old automated clearing house (ACH), the complex but reliable financial system that processes more than $30 trillion in payments a year. Read…
If digital wallets are so popular, why don’t banks develop their own versions? When it comes to digital wallets, traditional banks have been slow to jump into developing products to offer their customers. Now, that lethargy is showing up…
Fiat money is inflationary; it benefits a few at the expense of many others; it causes boom-and-bust cycles; it leads to overindebtedness; it corrupts society’s morals; and it will ultimately end in a depression on a grand scale. Read…
Venmo, the mobile phone payment app, just had a relaunch party at the Hotel Chantelle in New York City to show off its new social features. Read more: http://www.businessinsider.com/venmo-payments-social-2012-6#ixzz1xBIkpD00
Facebook began rolling out a new mobile payments system today that reduces the number of steps users must take to complete a purchase from seven to two. Read more
MasterCard Mobile Point-of-Sale Program Provides Guidelines to Expand Card Acceptance for Small and Micro-Businesses Read more
Wells Fargo & Company announced its new Send & Receive Money service. The service is intended to simplify person-to-person fund transfers by Wells Fargo depositors to other bank customers or customers of Bank of America. Read More
