Tag: digital wallet

March 8, 2024

Digital wallets are key in today’s digital economy, changing how we make payments globally. They make payments easy and improve security. This piece explores how digital wallets are changing payment methods, focusing on their importance for security, ease of use, […]

November 14, 2023

There are certain nonbank markets that the Consumer Financial Protection Bureau (“CFPB”) has the statutory right to supervise irrespective of size (e.g., mortgage, private education loan, payday lending). Then, there are other consumer finance markets to which Congress gave the […]

October 30, 2023

Named Paze, the new service will be offered by participating financial institutions in a bid to deliver an improved payment experience for consumers shopping online and fend off the growing advances of Big Tech giants in the financial services space. […]

April 13, 2023

With the rapid growth of eCommerce and the increasing number of online transactions, security concerns have become more prevalent than ever before. Payment security has been a major issue in the online business environment, with many of them falling prey […]

May 4, 2022

Rep. Stephen Lynch, the chair of the House Task Force on Financial Technology, has proposed legislation that would provide additional consumer protections against being ripped off by fraudsters online. Called the Protecting Consumers From Payments Scams Act, the bill — […]

February 14, 2022

Following a number of rollouts and innovations, 2022 could finally be the year where the speed of digital payments equals their convenience. A number of developments, combined with the coronavirus pandemic and changing consumer habits, could hasten changes to the […]

August 26, 2021

In the emerging cryptocurrency space, most investors store their assets in digital wallets, where—unlike traditional bank accounts—they earn no interest. In the last few years, cryptocurrency investors have increasingly sought to earn a yield on their cryptocurrency holdings by lending […]

July 30, 2021

The round also included participation from a16z Crypto, Lightspeed Venture Partners, LionTree Partners, and Valor Equity Partners, among others. It comes just four months after the company launched its digital wallet app following a $26 million fundraise in March led […]

March 10, 2021

Merchant acceptance of Chase Pay hasn’t increased as the bank expected. Fewer than 1% of online merchants accepted JPMorgan’s digital wallet as of mid-2019, according to a PYMNTS.com study. By comparison, about 40% of top retailers offer Apple Pay on […]

February 17, 2021

Conservative MP and minister for digital infrastructure, Matt Warman, led the policy paper and calls it “a first stage industry prototype”. He also cites Canada, Australia, Sweden and New Zealand – countries taking similar approaches to digital identity as the […]

October 22, 2020

Come early 2021, the move will also see users able to spend cryptocurrency via their PayPal wallet at all 26 million merchants in the payment giant’s network. In the next year, the digital wallet provider also plans to expand this […]