PYMNTS

OCTOBER 18, 2020

Portuguese payments provider SIBS has taken its instant payments service international two years after launching it as a intra-country platform. SIBS said more than 5 million instant payments were made inside Portugal over the past year — a rate of about 450,000 transactions per month. In the U.S.,

Payments 167

Payments Boston System Survey 167

Bank Innovation

MARCH 17, 2017

Boston-based money transfer firm Flywire has launched a new offering, targeted at international business-to-business (or B2B) payments. The fintech will enable faster settlement between businesses, seeking to make those transaction “local.”

Boston 191

Boston Payments Fintech Online 191

PYMNTS

MARCH 22, 2019

“From mobile ticketing to digitizing commuter cards and enabling contactless payments, Mastercard has already embedded its technology in 16 metro areas including Los Angeles, Boston and Denver to make getting from Point A to Point B as simple as buying a morning cup of coffee,” the company said. merchants and acceptance at Mastercard.

Los Angeles 193

Los Angeles New York City Payments Denver 193

PYMNTS

DECEMBER 5, 2019

Faster Payments Council (FPC) as a founding sponsor, the Fed announced in a press release on Thursday (Dec. Our payment system is a vital part of America’s infrastructure that touches everyone,” said Esther George, president and chief executive officer of the Federal Reserve Bank of Kansas City. payment system is improved.

Kansas City 135

Kansas City Payments Kansas Boston 135

PYMNTS

DECEMBER 29, 2016

A paper published by Boston Consulting Group (BCG) described today as a critical moment in banking history as players face pressure from alternative players and corporate clients that demand newer, better services. The time for this radical shift is now,” Boston Consulting Group declared.

Security 181

Security Fintech Boston Fraud 181

PYMNTS

OCTOBER 12, 2020

There is no dearth of faster payments initiatives — and no certainty that there will be one faster payments scheme to rule them all. Along the way, not surprisingly, we’ll transition more fully to digital payments across modernized (and streamlined) rails, flowing domestically and eventually across borders.

Payments 244

Payments Boston System Operations 244

PYMNTS

AUGUST 21, 2020

Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. The focus on wholesale payments may bring various retail use cases to reality — including stimulus and disbursement of government payments.

Boston 269

Boston Massachusetts Knowledge Base Policies 269

PYMNTS

SEPTEMBER 25, 2020

Her speech, entitled “Payment and the Pandemic,” included a section on digital currencies. And as PYMNTS has previously reported , the Boston Federal Reserve has been working with the Massachusetts Institute of Technology to explore tech infrastructure.

Cleveland 330

Cleveland Massachusetts Boston Survey 330

PYMNTS

AUGUST 21, 2020

Jim Cunha, senior vice president of secure payments and FinTech at the Federal Reserve Bank of Boston, tells Karen Webster why the Fed is working with MIT to explore digital dollars. Federal Reserve’s Cunha on the State (and Timeframe) of Digital Dollars. Central bank digital currencies (CBDC) are here to stay — if they work.

cryptocurrency 159

cryptocurrency Maine Boston Analytics 159

PYMNTS

NOVEMBER 4, 2020

the Federal Reserve Bank of Boston said, “To date, U.S. open banking rules and that provide holistic views of users’ finances by sharing data among multiple financial entities,” according to PYMNTS’ latest Merchants’ Guide to Navigating Global Payments Regulations , done in collaboration with Ekata. Not being prepared also gets you.

US 171

US Boston Regulation Data 171

PYMNTS

SEPTEMBER 30, 2019

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.”.

Boston 177

Boston Security System Cards 177

PYMNTS

JULY 8, 2020

The Federal Reserve Bank of Boston issued a state-by-state listing of lenders accepting applications from new business customers for the Main Street Lending Program on Wednesday (July 8). The program offers five-year term loans, with principal payments deferred until year three, and interest payments deferred until year two.

Maine 142

Maine Boston Lending Resources 142

PYMNTS

JUNE 23, 2020

New payments infrastructure continues to gain traction with financial service providers looking to modernize their services for business clients. The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments.

Fraud 266

Fraud Community Bank Virginia Community 266

Abrigo

JULY 25, 2023

How offering FedNow instant payments affects fraud & AML/CFT compliance What financial crime staff can do to prepare fraud and AML functions for implementing the FedNow Service for instant payments. Would you like other articles on fraud and AML/CFT compliance in your inbox? Instant payments service What is FedNow?

Fraud 195

Fraud Payments Security Resources 195

PYMNTS

AUGUST 24, 2019

As diehard baseball geeks pout about having to share TV time with another major sport, and most of the country goes into New England Patriot-hating mode, the digital payments and commerce industry gets pretty optimistic – and even excited. That’s because every NFL season promises to bring advances in payments. Biometric Plays.

Payments 161

Payments social media Mobile Seattle 161

ABA Community Banking

DECEMBER 8, 2017

Boston Fed’s Montgomery to head anti-fraud effort Payments Security.

Security 40

Security Boston Strategy Payments 40

PYMNTS

FEBRUARY 5, 2020

operated Bacs and partnered with Boston payments firm Bottomline Technologies to enable direct debits for small to medium-sized businesses (SMBs), Metro announced on Wednesday (Feb. Direct debit is widely considered to be among the most secure and cost-effective ways to handle payments and most minor SMBs don’t have access to it. .

Metro 130

Metro Boston Technology Security 130

PYMNTS

AUGUST 16, 2018

trillion in 2017, and that could nearly double by 2021 — online billing platforms are rushing to incorporate payment processing capabilities into their offerings. That’s according to the new “ Payments Powering Platforms Tracker ” from PYMNTS. Source: Payments Powering Platforms Tracker , powered by WePay.

Industry 105

Industry Payments Online Boston 105

PYMNTS

SEPTEMBER 15, 2020

In Berlin, where last week saw a two-day meeting of financial officials from Europe, central bankers discussed digital payments and the confines of digital, national currencies. She said, too, that “an increase in protectionist policies” may present risks in a landscape where foreign payment service firms still hold sway.

Boston 227

Boston Retail Meeting Maine 227

PYMNTS

NOVEMBER 22, 2020

The WSJ reported that Boston-based Bain raised the funds even though other global impact funds have struggled with fundraising this year, drawing just $14.6 The first fund, called Bain Capital Double Impact Fund, was registered with the Securities and Exchange Commission in July 2016. billion through Nov. 20 compared with $76.2

Capital 188

Capital Policies Massachusetts Boston 188

PYMNTS

JANUARY 17, 2020

These days, it seems like you can hardly go a minute without hearing about the rise of 5G, the spread of facial recognition or how friction is being removed from all types of payment methods. Better internet for more people has obvious and positive implications for eCommerce and payments. communities. communities. Expensive Cities.

Payments 131

Payments Los Angeles San Francisco New York City 131

PYMNTS

JANUARY 8, 2020

Rusu and his co-conspirators were able to capture payment card information from customers as they accessed their accounts via ATMs. The case was prosecuted by Homeland Security Investigations, along with agents of the U.S. From there, they used the information to steal customers’ money from their accounts.

San Diego 130

San Diego Cards New Jersey Massachusetts 130

PYMNTS

JANUARY 25, 2018

In an interview with PYMNTS, CEO and Founder of Reviver Auto Neville Boston said that for the firm, which traces its genesis to 2009, the “initial thought process was simplifying the registration process. The conversation, as it often does with technology, turned to security. Beyond the technology and the plate lies concept.

Boston 128

Boston California Michigan Georgia 128

PYMNTS

DECEMBER 24, 2020

Said Allaire of the bid to get digital currencies more front and center: “Regulators are getting their arms around them … the digital asset market is now moving, more and more, into the mainstream of finance, FinTech payments and banking world.”. And, of course, the crypto landscape extends well beyond bitcoin. Keeping An Eye On Fraud.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

PYMNTS

OCTOBER 31, 2016

From loyalty to inventory management and data to omnicommerce strategy, there’s no shortage of available features and options for retailers looking to upgrade to full-service payments solutions. Around the full-service payments world. To download the October edition of the Payments as a Service Tracker™ , click the button below.

Payments 100

Payments Boston Retail System 100

PYMNTS

OCTOBER 3, 2019

Today in the payments news roundup, FinTech startup Brex is launching a business cash management account to take the place of traditional business bank accounts. The rivalry between cybercriminals and the fraud and security teams at banks, which are tasked with stopping their attacks, is incredibly lopsided.

Management 108

Management Fraud Payments Boston 108

PYMNTS

AUGUST 13, 2018

are paid online, with 61 percent of those payments coming from millennials. For this month’s Payments Powering Platforms Tracker feature story, PYMNTS caught up with Coon, as well as Gino Zahnd, CEO and co-founder of Cozy , to find out what is stalling rent payment innovation, and what Zillow’s entrance means for the industry.

Payments 100

Payments Online Millennials Boston 100

Independent Banker

NOVEMBER 30, 2021

Here, a fraudster obtains a legitimate user’s details to take over their online accounts, enabling the theft of money or a credit card, according to Marianne Crowe, vice president in the Secure Payments Innovation and Research group at the Federal Reserve Bank of Boston. Online U.S. Education as an anti-fraud tool.

Fraud 160

Fraud Strategy Community Bank New York City 160

PYMNTS

MARCH 13, 2020

Mayors from New York City, Chicago, Boston and Portland are participating in a program where Grubhub will suspend the collection of up to $100 million in commission payments from restaurants across the country.

New York City 177

New York City Chicago Portland New York 177

ABA Community Banking

MARCH 29, 2018

Picks Boston Consulting Group to produce research Payments Risk Management Online Security.

Study 40

Study Boston Fraud Risk Management 40

PYMNTS

SEPTEMBER 17, 2020

One key reason: the New Payments Platform is doing just fine. An increase in protectionist policies” may present risks in a landscape where foreign payment service firms still are dominant, she said. That approach differs from the “wholesale” payments explorations that are increasingly in focus in other countries.

Policies 181

Policies Boston Examples ATM 181

Payments Source

DECEMBER 8, 2017

Kenneth Montgomery will chair the Secure Payments Task Force, which is comprised of more than 200 industry stakeholders who are working on a faster payment system in the U.S.

Security 61

Security Strategy System Industry 61

PYMNTS

MAY 5, 2020

Advances in payments technologies are making consumer transactions more secure,” the report states. Ironically, the fact that many CUs have undertaken core systems upgrades can make them a more visible target, although one that has been hardened against just these kinds of cyber raids.

Fraud 239

Fraud Analytics Boston New York 239

Payments Source

MAY 22, 2017

are facing claims by Universal Secure Registry, a small Boston-area company, that their mobile-payment partnership infringes four of its patents. and Visa Inc.

Apple 60

Apple Boston Mobile Security 60

PYMNTS

OCTOBER 9, 2020

And we’re not talking about the myriad of cryptos that have popped up hither and yon, offered by private companies across what is still a Wild West for issuance (with no real set of security principles, yet) and scattered use cases. The Bank of Thailand has announced a project to develop payments for businesses using CBDCs.

National 175

National Boston Examples Course 175

PYMNTS

JUNE 5, 2019

While some markets may be seeing relatively slower adoption of mobile point-of-sale (mPOS) than others, there’s no denying that the overall popularity of mobile and contactless payments are growing fast among consumers. Companies across the globe are innovating their mPOS solutions for faster, more secure services.

San Diego 130

San Diego Apple America Mobile 130

Banking 2020

NOVEMBER 13, 2015

Articles via USA Today, Payments Today, The Financial Brand and Bloomberg. No security silver bullet for mobile payments: As mobile payments become more popular for consumers, it is also making mobile devices a growing target for hackers. The hackers pulled off the largest theft of customer data from a U.S.

Mobile 40

Mobile Boston Payments Security 40