Mobile Payments

A mobile payment is a money payment made for a product or service through a portable electronic device such as a tablet or cell phone. Mobile payment technology can also be used to send money to friends or family members, such as with the applications PayPal and Venmo.

Source: investopedia.com

Whistleblowers Allege Inadequate Customer Due Diligence by Cash App
Whistleblowers Allege Inadequate Customer Due Diligence by Cash App
February 16, 2024  |  Security & Fraud

Federal financial regulators are reportedly investigating allegations made by two whistleblowers regarding Cash App. The whistleblowers claim that the mobile payment platform and the entities...

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The Consumer Experience Meets Business Payments Requirements
The Consumer Experience Meets Business Payments Requirements
February 12, 2024  |  B2B Payments

The tug-of-war between institutional inertia and innovation is coming to a head in business-to-business (B2B) payments.  That’s because, as generational and behavioral tides turn, expectations...

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Indian Parliamentary Panel Says Domestic FinTechs Need Support
Indian Parliamentary Panel Says Domestic FinTechs Need Support
February 09, 2024  |  Digital Payments

An Indian parliamentary panel has reportedly highlighted a need to support the growth of domestic FinTech players in India’s digital payments market. The panel pointed...

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PayPal to Cut Workforce by 9%
PayPal to Cut Workforce by 9%
January 30, 2024  |  Digital Payments

PayPal will eliminate about 2,500 positions, or about 9% of its workforce, this year. The company aims to “right-size” its workforce by cutting jobs and...

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EU Invites Comments on Solutions to Apple Pay Competition Issues
EU Invites Comments on Solutions to Apple Pay Competition Issues
January 19, 2024  |  ANTITRUST

The European Commission (EC) has invited comments on the commitments offered by Apple to address competition concerns related to access restrictions for contactless payments on...

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Boku Promotes Barclaycard Vet Stuart Neal to CEO
Boku Promotes Barclaycard Vet Stuart Neal to CEO
January 18, 2024  |  Personnel

Boku promoted longtime executive Stuart Neal to head of the mobile payments company. Neal has been serving as Boku’s CEO designate since July of last...

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Google Aims to Take UPI Payments Beyond India’s Borders
Google Aims to Take UPI Payments Beyond India’s Borders
January 17, 2024  |  Google

Google Pay is working to expand India’s popular mobile payment system beyond that country’s borders. The tech giant has signed an agreement with the National...

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Revolut Partners With Tech Firm Jabil to Scale Development of Mobile POS
Revolut Partners With Tech Firm Jabil to Scale Development of Mobile POS
January 15, 2024  |  Partnerships

Technology firm Jabil is helping Revolut scale the production of its mobile point-of-sale system. Revolut debuted its Revolut Reader in 2022, letting merchants accept in-store...

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Commerzbank and Global Payments Team to Help German Small Businesses
Commerzbank and Global Payments Team to Help German Small Businesses
January 11, 2024  |  Partnerships

Commerzbank and Global Payments teamed to offer digital payment solutions to German small- to medium-sized businesses (SMBs). The companies have joined to form Commerz Globalpay...

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