Fintech Security

Xoom’s New Debit Card Deposit Feature And Other Digital Transactions News briefs from 1/13/23 – Digital Transactions

  • PayPal Holdings Inc. launched a cross-border money-transfer product called Debit Card Deposit for its Xoom international money-transfer service.
  • Sixty-seven percent of consumers intend to spend the same or more in 2023 as they did in 2022, found a survey of 2,032 U.S. adults. Conducted by The Harris Poll and commissioned by DailyPay and Dollar Tree, the survey also found that 44% are more likely to prioritize in-store bargains this year than they did last year.
  • A payments fintech called PayUp said it will work with ResMan, a property-management platform, to expedite payments to vendors on real-estate projects.
  • Payments-technology provider Opus Consulting Solutions said it has achieved compliance with the Payment Card Industry Data Security Standard 3.2.1.
  • The Digital Dollar Project, a research center investigating the potential for central bank digital currencies (CBDCs), expanded its staff with four hires: Michael Greco as policy research director; Shaun Ferarri as industry engagement and experimentation director; Mason Rowley as operations manager; and Katherine Haar as DDP fellow.

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