Payment Systems News

To help you stay on top of developments that are changing the way we pay for goods and services, Wiser has created a payment systems news email. It is delivered to your inbox once a day and features the best articles on the topic from around the web. Down through history the way payments have been made and received has changed. Bartering gave way to currency which lasted for centuries until technology developed electronic methods of payment. These payment systems include electronic transfers and payments by debit and credit cards. Electronic payment systems have become more popular, and have moved on to contact-less payments and payment through personal mobile devices. But new technologies are changing payment systems even further. One change is the introduction of non-traditional financial institutions to control the networks. An example of this is using the technology company PayPal rather than a traditional bank. And this is moving even further with systems that remove the middleman altogether - an example of this is Bitcoin. To stay up-to-date with payment systems news and with developments in the technology and regulatory system, sign up for the free Wiser email digest.

Recent Payment Systems News Coverage
 
Your Weekly Recommendations Tuesday, September 19, 2017
 
Recommended for you
New Consumer Expectations, New Opportunities for Retailers
Retailing Today • Jmosscrop
Tez aims to be a one-stop shop for all payments
The Hindu Business Line • Varun Aggarwal
Massachusetts sues Equifax as hack concerns spread to Canada
Reuters • Reuters Staff
51% of young women have to borrow to make cash last until payday
The Guardian • Phillip Inman
The story behind Square’s bank charter application
PaymentsSource • Lalita Clozel
Lyft’s plea for faster payments
PaymentsSource • Daniel Wolfe
Air Canada seeks credit card deal for $1.6 billion loyalty plan
PaymentsSource
Report: Equifax Hacked Months Before Major Breach
PC Magazine • Angela Moscaritolo
Cramer makes a new addition to the 'Mad Money' Wall of Shame
CNBC • Elizabeth Gurdus
Archway Examines the Impact of Bundled Payments Ahead of Expected New CMS Programs
BusinessWire
 
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Business Intelligence Software, Consumer Goods & Retail
New Consumer Expectations, New Opportunities for Retailers
Retailing TodayJmosscrop
Consumers continue to make the majority of their purchases at the physical store. However, their constant connectivity to the cloud through smartphones, laptops, tablets and smart watches — combined with the popularity of e-commerce — is redefining their expectations of the ideal...
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Credit Cards, Credit Services
Tez aims to be a one-stop shop for all payments
The Hindu Business LineVarun Aggarwal
Senior executive Diana Layfield says firm is working on integrating third-party mobile wallets with the app Mumbai, September 19: After becoming the default search engine for most Indians, Google now wants to be the go-to app for all your payment needs —...
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Credit Cards, Credit Services
Massachusetts sues Equifax as hack concerns spread to Canada
ReutersReuters Staff
() - Massachusetts Attorney General Maura Healey filed a lawsuit on Tuesday against credit reporting firm Equifax Inc (EFX.N) following a breach that exposed the personal data of up to 143 million people, including 3 million in the state. Equifax said on...
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Credit Cards, Credit Services
51% of young women have to borrow to make cash last until payday
The GuardianPhillip Inman
More than half of young women have to borrow to make their cash last to the end of the month, highlighting the impact of stagnating wages, insecure work and rising prices on millennials. A survey of 4,000 people aged 18-30 shows that...
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Credit Cards, Credit Services
The story behind Square’s bank charter application
PaymentsSourceLalita Clozel
WASHINGTON — The payments processor Square has big plans in banking — but even after filing an application to charter an industrial loan company, it still doesn’t see itself as a competitor to most financial institutions. In an interview, Jacqueline Reses, the...
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Credit Cards, Credit Services
Lyft’s plea for faster payments
PaymentsSourceDaniel Wolfe
Ride sharing companies like Lyft and Uber are famous for making the consumer’s end of the payment nearly invisible. But it can be a bumpier ride on the driver’s end. From the consumer’s perspective, the most important task for Lyft is delivering...
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Bank of America, Credit Cards
Air Canada seeks credit card deal for $1.6 billion loyalty plan
PaymentsSource
Air Canada said it’s seeking a credit-card partner for its own frequent-flier program as it prepares to sever ties with Aimia Inc.’s Aeroplan in 2020. The Montreal-based airline “will be inviting key financial institutions to participate’’ in a request for proposals, Chief...
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Credit Cards, Credit Services
Report: Equifax Hacked Months Before Major Breach
PC MagazineAngela Moscaritolo
Equifax may have left out an important detail when it disclosed the breach that compromised the personal information of 143 million US consumers. Bloomberg, citing three unnamed "people familiar with the situation" on Monday reported Equifax was hacked almost five months before...
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Credit Cards, Credit Services
Cramer makes a new addition to the 'Mad Money' Wall of Shame
CNBCElizabeth Gurdus
's Jim Cramer had to revamp "Mad Money's" infamous Wall of Shame to welcome its newest inductee: Richard Smith, the CEO of credit reporting giant Equifax. Cramer was astonished that Smith kept his job after a major breach at the agency may...
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Credit Cards, Credit Services
Archway Examines the Impact of Bundled Payments Ahead of Expected New CMS Programs
BusinessWire
WATERTOWN, Mass.--(BUSINESS WIRE)--According to a survey conducted by Archway Health – a Boston-based firm specializing in managing bundled payments programs – participation in bundled payments has improved the quality of care, and anticipation and preparation for new programs remains high. The survey...
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