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The Rise Of Card-on-File Commerce

PYMNTS

Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. Like payments terminals. Not surprisingly, to make consumers more comfortable shopping and checking out in their stores, retailers have rushed to enable a “ contactless ” payment experience.

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Fed Exploring ‘Hypothetical’ Digital Currency

PYMNTS

A week after details of the Federal Reserve’s instant payment initiative emerged, news came via Bloomberg that the central bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Digital dollars on the horizon? Maybe – but first comes a focus on policy.

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Second Share Purchase Deal Values POS Startup Toast At $8B

PYMNTS

Toast reduced its staff in April by 1,300, roughly 50 percent, but has since recovered as COVID-19 prompted the pivot to digital restaurant sales and contactless payments. . The secondary offering gives Boston-headquartered Toast a valuation of about $8 billion, up from a $4.9 billion valuation pre-pandemic in February.

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Mastercard’s Threat Scan Helps Banks Detect Vulnerabilities

PYMNTS

As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. As cyberattacks grow in scale and sophistication, it is critical that we advance trust in our payments system.”.

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Why Pride Vendors Are Forgoing Cash For mPOS

PYMNTS

June brings colorful, high-energy LGBTQ Pride Month celebrations to cities across the nation. Skirting Cash Shortages at Boston Pride. Boston’s pride celebration is one of the season’s biggest events for Mandy Roberge, the owner and artist behind Wicked Good Henna. Her needs are relatively simple.

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In Hawaii, Streamlined Mass Transit In The (HOLO) Cards, Beyond The Paper Pass

PYMNTS

If the longest journey begins with a simple step, might the streamlined journey begin with a simple tap of the card? Late April saw the debut of the HOLO card, used for Oahu Transit, a project in which the cards are to be used across the system’s busses and a rail system being built out over the next several years. How bustling?

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Central Banks See Digital Fiat As Complement To Cash, Not Replacement

PYMNTS

The BIS noted of central bank digital currency ( CBDC ) that “a CBDC could provide a complementary central bank money to the public, supporting a more resilient and diverse domestic payment system. To be sure, recent PYMNTS research shows an increasing comfort level with digital payments, in general.

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