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The central bank postponed a deadline for banks and credit unions to move Fedwire payments to the ISO 20022 format. That may also hold up a broader industry modernization effort.
The processor will buy the retail and hospitality payments services provider in an all-cash transaction to build a globally integrated payment platform.
Bad actors contact consumers through social media and then persuade them to send money over payment platforms, a JPMorgan Chase payments executive said during a Payments Dive virtual event.
For retailers, the buy-now pay-later model offers a way to drive sales and meet consumer demand for flexible payment options. Explore the benefits of BNPL and its role in the future of payments in this report.
