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Plastiq, Ramp turn a corporate card into a multi-option payment vehicle

February 25, 2021 at 01:00PM Payments platform Plastiq is partnering with corporate card provider Ramp to allow businesses to pay for any expense through the card — even if recipients do not accept payment cards.

via The Latest

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Western Union links to Swift GPI, adds B2B currency options

February 25, 2021 at 09:00AM The payments division of Western Union has integrated with the Swift Global Payment Initiative for faster transfers, and has added international currency options.

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Global payment specifications matter more than ever

February 25, 2021 at 05:01AM The shift from cash has boosted digital and called attention to the importance of standards, says EMVCo’s Brian Byrne.

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BNY Mellon sees a global role for banks to manage digital dollars

February 25, 2021 at 05:01AM Governments are digitizing money, creating a need for banks to provide rails to connect consumers and central banks.

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Capital One starting to raise credit limits in hunt for growth

February 24, 2021 at 10:03PM Capital One Financial has begun to lift borrowing limits for certain customers as it seeks to restart growth in its sprawling credit card business.

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Fed restores some services after outage on ‘operational error’

February 24, 2021 at 08:31PM The automated clearinghouse system and FedWire Funds are back up and running, but other services, including Check 21, are still offline.

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McDonald’s partners with Sift to block rising fast-food fraud

February 24, 2021 at 08:04PM Though the lower-ticket sales in fast food traditionally weren’t a large fraud magnet, that’s changed as fraud expanded to new channels during the pandemic.

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Fed investigating outage in interbank payment system

February 24, 2021 at 07:37PM The Federal Reserve’s system for interbank payments went down Wednesday afternoon, according to a website for payment services operated by the U.S. central bank.

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Best Buy tests smaller shopping areas to focus on e-commerce

February 24, 2021 at 05:19PM Best Buy is expanding its test of a new store format that reduces the space for customers to browse by nearly half to focus more on getting digital orders out the door, according to people familiar with the move.

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More than half of Square’s revenue now comes from bitcoin trading

February 24, 2021 at 04:57PM The fintech that gave life to the mobile point of sale market is seeing that business overshadowed by the ever-rising popularity of cryptocurrency.

via The Latest