Tag: digital wallet


The Evolution of Digital Wallets and Their Impact on Global Commerce

March 8, 2024

Via: TechBullion

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, […]


What’s in Your (Digital) Wallet? The CFPB Seeks to Supervise Digital Wallets and Payment Applications

November 14, 2023

Via: JD Supra

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 […]

Activity, Retail Banking

Early Warning’s digital wallet offering Paze readies for launch as the US’ biggest banks look to fend off Big Tech

October 30, 2023

Via: FinTech Futures

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. […]

Capital and Risk, Channels, Operational

How Digital Wallets Can Improve Payment Security in BigCommerce Stores

April 13, 2023

Via: TechBullion

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 […]


Congressman calls for increased digital wallet protection

May 4, 2022

Via: Payments Dive

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 — […]


What’s New in Payments?

February 14, 2022

Via: Bank Director

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 […]

Capital and Risk, Operational

To Catch a (Bitcoin) Thief: Cross-Practice Team Recovers $6 Million in Short Order

August 26, 2021

Via: JD Supra

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 […]

Activity, Channels, Investment Banking

Digital wallet start-up Eco lands $60m investment

July 30, 2021

Via: FinTech Futures

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 […]


JPMorgan to pull Chase Pay from merchant apps, sites March 31

March 10, 2021

Via: Payments Dive

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 study. By comparison, about 40% of top retailers offer Apple Pay on […]

Capital and Risk, Operational, Regulations

UK government unveils digital identity plans based on wallet tech

February 17, 2021

Via: FinTech Futures

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 […]

Retail Banking

PayPal brings crypto further into mainstream with wallet update

October 22, 2020

Via: Banking Technology

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 […]