Check out the latest in payments and financial technology news from around the web:
Via PYMNTS.com: Mobile Devices Are Used by More than Half of Consumers to Check Their Bank Accounts
- Consumers are increasingly turning to their smartphones and tablets to manage their everyday finances.
Via Fortune: Facebook Adds Payments to Messenger Chatbots
- Consumers no longer have to leave the Facebook Messenger app to make a purchase.
Via Yahoo! Finance: Cashing Out: New Technologies are Making the Convenience of Living Cash-Free a Reality
- Millions of consumers have ditched cash for credit cards, mobile wallets, and store-branded payment apps.
Via PYMNTS.com: Best Buy Will Now Accept Chase Pay
- The electronics retailer will now accept payments via the bank’s proprietary mobile wallet app in stores, on its website, and via the Best Buy app.
Via Reuters: Payments App Venmo Launches Ads, Ramps up Competition for Banks
- The app seeks to expand its customer base by marketing directly towards younger demographics, leaving banks to play catch-up.
Via Huffington Post: Fintech is Changing Money Management for the Better
- From innovative apps to personalized service, technology is improving financial service and making it easier for consumers to manage their money.
Via PCWorld: Bank of England Wants Next Payment System to be Blockchain-Ready
- The bank’s strong push for investment in blockchain highlights the emerging technology’s growing importance.
Via Wall Street Journal: PayPal Strikes Deal with MasterCard to Allow Payments in Stores
- The new deal further expands the online payment pioneer’s reach into physical retail locations.
Via PYMNTS.com: Is It “A Bot Time” For Payments to Jump on the Bot Bandwagon?
- Mobile apps are already becoming a relic of the past as consumers and businesses move towards chat bot technology.
Via Yahoo! Finance: Contactless Payment Market by Solution, Service, Payment Mode, Vertical – Global Forecast to 2021
- The contactless payment market is estimated to grow from USD 6.70 billion in 2016 to USD 17.56 billion by 2021.