Is Five Years of Deliberation Over Real-Time Payments Enough?
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The Fed moves at a glacial pace on real-time payments.
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Fintech News Stories
Real-Time Payments are Running Behind Schedule
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Real-time payments aren’t quite there yet at The Clearing House (TCH), which launched its real-time payments (RTP) network for the U.S. in November 2017.
Read MoreReal-Time Payments Coming…at Federal-Reserve Speed
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Ten years after the UK launched Faster Payments, the US is partway through the launch of a real-time payments network run by The Clearing House, a private corporation owned by 25 of the largest banks in the country. It will be the first new rails in electronic payments in four decades.
Read MoreThe Downside of a Cashless Society
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We have written in the past about the pitfalls of creating a so-called “cashless society,” among them the risk that it would disproportionately affect the elderly and disabled. Well here’s another: people will have no way to pay for goods and services when electronic systems go down.
Read MoreUber Creeps Further into Financial Services
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Uber’s IPO may not have gone as well as it would have hoped, but the company still has big plans to expand well beyond its humble beginnings as a ride-hailing app.
Read MoreBanks Further Embrace Blockchain
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Cross-border payments seem ripe for disruption. UBS led a $63.2-million funding round into blockchain firm Fnality International. It’s another small step – but a significant one – in the acceptance of blockchain technology by financial firms.
Read MoreFintechs Hock Their Wares at Money 20/20
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The scuttlebutt from the week’s Money 20/20 in Amsterdam.
Read MoreMore Fintech Consolidation with Global Payments–TSYS Deal
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As the masses move from cash to cashless, the fintech world is consolidating yet again. On Tuesday, Global Payments, Inc. announced it was purchasing Total System Services Inc. (TSYS) for $21.5 billion in stock.
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Payments Start-Ups Target Small Businesses
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It’s long been known that small businesses, feeling often overlooked by their banks, have increasingly turned to fintechs for a variety of services. Now fintechs are looking at FX trading as another avenue by which to attract small businesses.
Read MoreCredit Cards’ Latest Marketing Strategies
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Besides car ownership, another thing we are always told millennials hate are credit cards. Perhaps with that in mind, credit card companies are ramping up their advertising on social media sites in an attempt to better reach a younger demographic. In addition to regular digital ads, some companies that issue credit cards are also paying social media influencers to hock their wares.
Read MorePumping the Brakes on the Cashless Society
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The rise of mobile and digital payments has led to some nations around the world becoming nearly cashless. The benefits to eliminating cash from an economy exist; these include getting rid of the time and cost spent handling and storing cash, as well as making it far harder for criminals to launder money.
Read MoreThe New Apple Card Looks Pretty Clever
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Apple’s Monday event was dominated by Hollywood stars who were drawn to Cupertino by the company’s good taste and aggressive push into an array of new content services, games, subscriptions, and original programming.
Read MoreA Booming—and Consolidating—Fintech Sector
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It seems as if the news breaks monthly with the “biggest deal ever” in some aspect of fintech. That’s why it was only mildly shocking this week when word came out that bank technology giant FIS agreed to pay $35 billion for
Read MoreA Booming—and Consolidating—Fintech Sector
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It seems as if the news breaks monthly with the “biggest deal ever” in some aspect of fintech. That’s why it was only mildly shocking this week when word came out that bank technology giant FIS agreed to pay $35 billion for Worldpay in the largest digital payments M&A deal to date. The deal is part of an escalating arms race among the financial technology sector’s biggest players.
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