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Visa Rolls Out Card Payouts, Pushing Payments To Gig Workers

PYMNTS

To that end, Visa announced Tuesday (April 2) that it has introduced Card Payouts, an app designed help mid- to large-sized businesses manage cash flow — and speed payments to gig economy workers, to boot. The app is built to support card capture, tokenization and card-on-file transactions, Visa said on Tuesday.

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2019: The Year Of Instant Payments

PYMNTS

Here’s a 2019 prediction that we guarantee will come true: There will be no human being or business adamantly hoping to be paid slower in 2019 than they were in 2018. The enthusiasm for faster and instant payments in the freelance segment has meant that the gig economy has given instant payments a big push in 2018.

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E-Wallets Rise as Leading Payment Method in Southeast Asia

Fintech News

Initiatives like QRIS (Quick Response Code Indonesian Standard), a national standard for QR code payments launched in 2019, have allowed for standardization, making it easier for businesses and consumers, while collaboration between the government and fintech firms have helped enhance financial inclusion through clear regulations.

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Top News In Payments: Mastercard CEO Pushes Back Against National Payments System; FCA Tells Credit Cards To Ease Up On Non-Payers

PYMNTS

In today’s top payments news, Mastercard’s CEO speaks out against a national payments system, the FCA tells credit card companies to be reasonable with customers in debt and the People’s Bank of China is prepared to inject $173 billion into the country to stabilize the economic damage wreaked by the coronavirus.

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Wells Fargo Seeks Bidders For Private-Label Credit Card Unit

PYMNTS

Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. Selling the private-label credit card unit would be a business reversal for the financial services group. percent in 2019 and its share of borrowings at 3.63

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Gift Cards Poised For Big Role In Post-Pandemic Purchasing

PYMNTS

Mao, whose company provides solutions for payments, prepaid cards and gift cards, said the only way for merchants to go is forward, because going back isn’t an option. Mao, whose company provides solutions for payments, prepaid cards and gift cards, said the only way for merchants to go is forward, because going back isn’t an option.

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US Consumers' FICO Score Hits Highest Since 2005

PYMNTS

score in July, according to the Journal, was 711 — up from 708 in April 2020 and 706 in July 2019. He added that deferment policies and government stimulus checks “are having a further effect of pushing out that stress for many people.”. 16 that retail sales in September exceeded those in August 2020 and September 2019.

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