Mar 1, 2024 · After the hoopla surrounding FedNow’s launch last year, reality is starting to set in. Payments professionals have been basking in a warm glow as a steady stream of media coverage lauds the long-awaited arrival of faster payments and the uplifting role played by those professionals in bringing the long-dormant, slow-innovation paradigm of physical payments to a …

Jan 8, 2025 · One encouraging development for TCH is that the system, launched in 2017, is seeing more million-transaction days, after witnessing the first one a year and a half ago, according to the spokesman. “Almost every Friday has been over a million,” he says, while noting that day is typically a payday. But “even Sundays tend to be over a million now,” he notes.

Jan 7, 2025 · Consumers spent a record $241.4 billion online from Nov. 1 to Dec. 31, 2024, an 8.7% increase from the same period a year earlier, Adobe Analytics reports. During this period, single-day online sales totaled more than $4 billion on 15 days, up from 11 days in 2023. Smart phones accounted for 54.5%

Jan 1, 2025 · Digital payments on debit are rising inexorably, but that doesn’t mean banks can’t leverage their strengths in ATM deployment. Debit cards are incredibly versatile.

Another Step for Pay by Bank and other Digital Transactions News briefs from 2/6/25. Trustly, an open-banking specialist, will work with payments specialist Spreedly to offer pay-by-bank services to …

Jan 9, 2025 · Opponents of the proposed Credit Card Competition Act expect the bill will be reintroduced in Congress, so the Electronic Payments Coalition launched a pre-emptive strike late Wednesday with a report detailing the bill’s potential economic impact.

Dec 18, 2024 · A court ruling in Texas earlier this month has delayed an ownership reporting requirement mandated by the Corporate Transparency Act. That is not likely to be a reason to rejoice because a future court could uphold the requirement.

Jan 15, 2025 · Crypto platforms like Circle Internet Group, meanwhile, are putting out digital guides to buying, managing, and selling stablecoins. Circle’s entry, USDC, ranks second among stablecoins, with a market capitalization of $45.8 billion, according to Coinmarketcap.

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Jan 31, 2025 · In S.1838, Sen. Durbin proposes a dual-network mandate for credit cards in what might kindly be called a slim bill. Should the bill pass with no guidance on quite a few important questions—like does this apply to all credit card types—it’ll set up as contentious a set of rule-writing as was our experience with the Durbin Amendment.