achSep 17, 2026
The future of consumer payments: Cards, Pay by Bank & the evolution of the multi-rail bank
How is the industry is moving past the ‘cards versus Pay by Bank’ binary to focus on consumer payments as a whole?
Source: Finextra
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How is the industry is moving past the ‘cards versus Pay by Bank’ binary to focus on consumer payments as a whole?
Kraken has brought its multi-asset debit card to the US, letting users spend hundreds of crypto and cash currencies.
With stablecoins increasingly moving through existing payment networks, many merchants don’t know they are receiving stablecoin payments, Rain CEO Farooq Malik told The Block, according to a report posted Wednesday (Aug. 19). Rain facilitates stablecoin payments that settle through Visa’s payment network in about three days, according to the report. More than 100,000 merchants currently receive those payments without knowing they are […] The post Rain CEO Says Merchants Receive Stablecoin Payments Without Knowing It appeared first on PYMNTS.com .
Both Amazon and eBay have announced the introduction of Pay by Bank as a payment method in the UK. I...
The digital-asset trading platform Kraken announced the U.S. launch of its Krak Card, a debit card that allows users to conduct transactions in cash and digital currencies. Issued by Kansas City, …
Stablecoins show no systematic cost advantage over traditional remittance channels for cross-border payments, researchers at Banca d'Italia have found.
Synchrony may be best known for its credit card partnerships with major retailers such as Walmart, Amazon, and Lowe’s, but the company is making a big push into artificial intelligence through a deal with OpenAI. Synchrony will deploy OpenAI’s models across a range of use cases, including its customer portals, loyalty and rewards programs, and […] The post Synchrony Brings OpenAI into Customer Experience, Agentic Commerce appeared first on PaymentsJournal .
Visa, Mastercard, Fiserv, Circle, Solana, and Remitly have joined the Agentic Payments Alliance (APA), a coalition of organisations working together to help guide the development of AI commerce.
Using a debit card as a card-on-file payment accounted for 25% of debit transactions made in the second quarter, says the SoFi Tech Solutions Debit Spend Index. That’s up from …
Automated clearing house payment acceptance is now available in the SwipeSimple point-of-sale app from CardFlight Inc., adding invoice and payment links to the mix. New York City-based CardFlight says ACH …
As consumers spend more on their credit cards, some cardholders are carrying hefty balances, a J.D. Power analysis found.
Digital platforms have improved consumer payments in nearly every way, but the experience has yet to fully extend into commercial applications. Virtual cards can help address some of these gaps while giving treasury teams greater control and visibility into spending. The technology has a broad range of applications, from supplier payments to travel and employee […] The post American Express Expands Virtual Cards for Commercial Payments appeared first on PaymentsJournal .
Venmo started as a way to split a dinner bill. Now, the platform is moving further into everyday digital spending, giving users the ability to pay for games, apps, and content on the Google Play Store. The process is relatively simple. Once their Venmo account is linked to Google Play, users can make purchases via […] The post Google Play Adds Venmo for App and Subscription Payments appeared first on PaymentsJournal .
At EBADay in Copenhagen, Craig Ramsey, Global Head of A2A Payments, ACI Worldwide joined the FinextraTV studio to discuss the changes in Instant Payments. Addressing growth, Ramsey said that initiatives like Wero are really taking off at speed and the crucial point now is ensuring that banks can still keep up with these changes and scale reliably. Ramsey described how different each rail looks, comparing ACH to Swift to Instant to RTGS and how each has different scales of complexities and the world, according to Ramsey, will only get more complex - it's banks job to simplify the offering.
Customers no longer measure service in days or even hours—they measure it in seconds. Whether they’re paying employees, closing on a home, moving money between accounts, or covering an unexpected expense, they expect funds to be available immediately. That demand for speed is fueling the rapid growth of real-time payments, particularly those enabled by the […] The post The Use Cases Propelling the FedNow® Service’s Growth—and Shaping Its Future appeared first on PaymentsJournal .
Visa’s $2.4 billion acquisition of fintech BioCatch signals a major shift in the fight against payment fraud. As AI makes scams more sophisticated and harder to detect, behavioral biometrics are emerging as one of the financial industry’s most important tools for distinguishing legitimate customers from fraudsters. Biometrics are increasingly being used to enhance identity verification […] The post Visa Acquires BioCatch as AI Reshapes Payment Fraud appeared first on PaymentsJournal .
Circle has unveiled a blockchain purpose-built for the industry—and for the agentic environment on the horizon. The digital asset firm’s Arc blockchain is due to launch in September launch and has already attracted substantial support from leading payments organizations. These backers include Visa, Mastercard, BlackRock, MoneyGram, Standard Chartered, and New York Stock Exchange parent company […] The post Circle Assembles Impressive Backing for Arc Blockchain appeared first on PaymentsJournal .
The United Payment Interface (UPI) has been the archetype for real-time payments systems, but it could soon take a page out of the card payments playbook: merchant fees. UPI has become the preferred payment method in India by offering instant, phone-based payments for consumers and fee-free transactions for merchants. However, some industry observers argue that […] The post India Considers UPI Merchant Fees Akin to the Card Payments Model appeared first on PaymentsJournal .
Digital payments continue to shift how Americans pay for goods and services. Mobile wallets, contactless cards, peer-to-peer payment platforms, and real-time payment networks are becoming increasingly embedded in everyday commerce. As these technologies gain traction, some retailers have moved toward cashless operations, viewing digital payments as a more efficient way to conduct transactions. At the […] The post Why Payment Choice Still Matters in a Digital-First Economy appeared first on PaymentsJournal .
American Airlines and Citi are updating their flagship premium credit card with new travel benefits, additional ways to earn miles and loyalty points—and, as expected, a higher annual fee. The card is also being upgraded to World Legend Mastercard status, the premium tier Mastercard introduced last year. Beginning August 23, the Citi/AAdvantage Executive World Elite […] The post Citi, American Airlines Refresh Premium Card with World Legend Status appeared first on PaymentsJournal .
Remitly, which has built its business on cross-border money transfers, is launching a companion debit card in the U.S., entering the growing market for international payments. The Remitly Global Card integrates with Remitly’s cross-border payments platform, giving customers access to the company’s foreign exchange rates and transfer services. Remitly says the card provides access […] The post Remitly Launches Debit Card to Expand Beyond Remittances appeared first on PaymentsJournal .
Artificial intelligence is giving credit card issuers new ways to improve underwriting, detect fraud, and assess risk. But the technology’s ability to process enormous amounts of consumer data is also colliding with one of the industry’s oldest challenges: complying with lending laws that strictly limit what information can be used to make credit decisions. Brian […] The post How AI Is Testing the Limits of Credit Card Compliance appeared first on PaymentsJournal .
X is taking on the biggest names in digital payments. After years of teasing its financial ambitions, the company has launched X Money in the U.S., bringing peer-to-peer transfers, debit cards, and deposit accounts to X Premium and Premium+ subscribers. The service enters a crowded payments market, where it will compete with established players such […] The post X Money Launches with Ambitious Features—and Lingering Questions appeared first on PaymentsJournal .
Joining the EBAday FinextraTV studio, Philip Konopik, SVP, Head of Commercial and Money Movement Solutions, Visa Europe, provided insights into the need for speed and flexibility for the modern customer. Konopik explained how building infrastructure is about creating optionality and 'stitching together network to network' in order to provide the best solutions for clients. Konopik described transparency as the most critical point within money movement, categorising it as foundational rather than hygienic. The views and opinions expressed in this interview are those of the interviewee and do no
Having established itself as a major player in online pay-over-time company, Klarna is turning its attention to brick-and-mortar retail. The company’s buy now, pay later service is now available at Lululemon’s physical stores across Germany and the UK. The rollout comes through Klarna’s partnership with payments platform Adyen. Customers can scan a QR code with […] The post Klarna Expands BNPL into Lululemon’s European Stores appeared first on PaymentsJournal .
The first live B2B agentic transaction in Greater China shows how AI agents are beginning to move from administrative tools into operational roles. In the transaction, LianLian’s LoopXPay agent—with support from Visa’s agentic commerce solutions—managed a supplier payment process within defined spending and approval parameters. The agent autonomously mapped the purchasing requirement, suggested potential suppliers, […] The post AI Agent Completes B2B Supplier Payment in Visa and LianLian Trial appeared first on PaymentsJournal .
Credit card managers and consumers need to keep an eye on regulatory developments and market trends abroad because the payments business operates as a global network. Australia is a perfect example, as are the Canadian and European markets. With a population of about 28 million—closer in size to Texas (32 million) than Florida (24 million)—Australia is […] The post Australia’s Rewards Cuts Are a Warning Shot for U.S. Card Issuers appeared first on PaymentsJournal .
A little over a year into its planned Discover integration, Capital One has completed the conversion of roughly 25 million debit cards into the Discover Network. The company is now turning its attention to credit card accounts. During its quarterly earnings call, Capital One said it had begun testing select credit cards on Discover’s payment […] The post After Moving Debit Cards to Discover, Capital One Turns to Credit Card Migration appeared first on PaymentsJournal .
Entrepreneurs bring tremendous enthusiasm and energy to building their businesses, but they’re often less excited about the everyday—yet essential—tasks like building the infrastructure needed to accept and send payments. When they do tackle those tasks, they usually discover they’re far more complicated than expected. That’s why more startups are turning to outside partners to help […] The post The Case for Not Building Your Own Remittance Stack appeared first on PaymentsJournal .
Samsung is seeking to make the next stage of its ecosystem strategy extend beyond smartphones and into the wallet. The company is entering the U.S. credit card market with the Samsung Galaxy Card, a move designed to deepen engagement with its ecosystem and expand its role in consumers’ everyday financial lives. Issued by Barclays U.S. […] The post Samsung Unveils Barclays-Backed Credit Card in Financial Services Push appeared first on PaymentsJournal .
Business customers today have more ways to move money than at any point in recent memory. The arrival of near-instant payment networks like FedNow and RTP has expanded the menu of options, giving companies new ways to balance speed, cost, and security when making payments. In a PaymentsJournal Podcast, Darren Beyer, Chief Product Officer and […] The post When Faster Isn’t Better: The New Rules of Business Payments appeared first on PaymentsJournal .