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 Monday, February 19, 2018
 
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Banks Urged to Take On Payday Lenders With Small, Lower-Cost Loans
The New York Times • Ann Carrns
Black and Latino mortgage borrowers still face subtle discrimination at the bank
Christian Science Monitor • Aaron Glantz, Emmanuel Martinez
Paying off credit cards, upping 401(k) contributions: These people found the secret to financial success is a few strong drinks
MarketWatch • Kari Paul
Coinbase Attempts to Fix the Error That 'Drained' Clients Bank Accounts
RIA Novosti
The state of value-based payments: 5 things to know from 117 financial executives
Becker's Hospital Review • Morgan Haefner
A car dealer's insider tips: What not to do when buying a new car
Auto Blog • Alex Kierstein
The majestic sandhill cranes in Cecilia, Kentucky
Courier-Journal
Visa and Coinbase Feud Over ‘Erroneous’ Crypto Credit Charges
Bank Innovation • Grace Noto
WeChat Pay leans on Chinese New Year
Business Insider • Jaime Toplin
WhatsApp to go ahead with 'full feature' money transfer service in India
Reuters
 
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Credit Cards, Credit Services
Banks Urged to Take On Payday Lenders With Small, Lower-Cost Loans
The New York TimesAnn Carrns
Those who find themselves pinched for cash often turn to high-cost payday lenders. But traditional banks and credit unions could serve that role for borrowers and do it at much lower rates, according to a new proposal from the Pew Charitable Trusts....
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Barack Obama, Credit Cards
Black and Latino mortgage borrowers still face subtle discrimination at the bank
Christian Science MonitorAaron Glantz, Emmanuel Martinez
February 16, 2018 Philadelphia—Jonathan Jacobs had almost no savings, a modest income, and a credit report marred by a disputed cellphone bill. But he easily bought a newly renovated row house in Point Breeze, a South Philadelphia neighborhood that's historically African-American. "It...
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Credit Cards, Credit Services
Paying off credit cards, upping 401(k) contributions: These people found the secret to financial success is a few strong drinks
MarketWatchKari Paul
Getty Images Need an extra push to move your investments around? Try a shot of liquid courage. Some Reddit users shared their tendency to make drunk financial choices that were actually positive. User sealclubber281 wrote that he checked his bank account and...
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American Express Co, Bank of America
Coinbase Attempts to Fix the Error That 'Drained' Clients Bank Accounts
RIA Novosti
A prominent digital currency exchange based in San Francisco has confirmed that its clients ended up being charged with multiple erroneous fees when purchasing cryptocurrency using debit or credit cards. Coinbase’s management was forced to acknowledge running afoul of a technical problem...
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Aetna, Credit Cards
The state of value-based payments: 5 things to know from 117 financial executives
Becker's Hospital ReviewMorgan Haefner
The Healthcare Financial Management Association asked 117 senior financial executives how hospitals, physicians and payers are feeling about using value-based payment models. HFMA randomly selected survey respondents from its members holding financial executive positions in hospitals and health systems. The survey, sponsored...
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Auto Industry, Credit Cards
A car dealer's insider tips: What not to do when buying a new car
Auto BlogAlex Kierstein
It's ok to be apprehensive about negotiating with a car dealer – after all, it's how they make their living. But knowing more about how the process works will arm you with information that will help you get into a new car...
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Credit Cards, Credit Services
The majestic sandhill cranes in Cecilia, Kentucky
Courier-Journal
by Taboola AD CONTENT 6 Best Balance Transfer Credit Cards The Highest Paying Cash Back Card Has Just Hit The Market Why So Many Contact Lens Wearers Are Loving Hubble MORE STORIES Kentucky could expand hunting season for sandhill cranes, known as...
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American Express Co, Bank of America
Visa and Coinbase Feud Over ‘Erroneous’ Crypto Credit Charges
Bank InnovationGrace Noto
EXCLUSIVE — Cryptocurrency exchange Coinbase and payment processor Visa are blaming each other for reversed or duplicated cryptocurrency purchases with credit and debit cards, it was reported today. Today’s news comes after multiple Coinbase customers raised concerns over such transactions and additional...
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Mobile Payments, Payments
WeChat Pay leans on Chinese New Year
Business InsiderJaime Toplin
This story was delivered to BI Intelligence "Payments Briefing" subscribers hours before appearing on Business Insider. To be the first to know, please click here. WeChat Pay, one of the two leading mobile wallets, seems to be leaning heavily on the Chinese...
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Credit Cards, Credit Services
WhatsApp to go ahead with 'full feature' money transfer service in India
Reuters
MUMBAI () - WhatsApp will launch a “full feature” inter-bank money transfer service in India, its biggest market, after a test involving a million users, National Payments Corp of India said. Friday’s statement marks the de facto official launch of WhatsApp’s new...
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