PaymentsSource.com is quickly evolving as the leading news and information resource for payments and financial-service professionals.
Many Bitcoin startups face the expensive and daunting task of obtaining multiple state money transmitter licenses. But these businesses could drum up enough support to create a more streamlined and affordable licensing process. The federal government plans to regulate Bitcoin business...
Text2Pay, a mobile billing application for online purchases, now allows merchants to accept Bitcoin, the decentralized virtual currency. "By offering Bitcoins to merchants, customers will experience faster payment processing, lower fees, and increased security and privacy," says Mark ...
With the government cracking down on digital currency players such as Liberty Reserve and Mt. Gox, many ask whether it's a move to squash the development of virtual currencies and what action the government will take next. The Financial Crimes Enforcement Network's director, Jennifer ...
Many merchants are still wary about accepting bitcoins, but new vendor partnerships and a maturation of the companies that handle bitcoin exchanges address some of the virtual currency's riskier aspects. Bitcoin is a decentralized cryptocurrency, offering users cash-like traits online...
Crypto Street, a startup that’s building a platform for trading digital currencies like Bitcoin, is making a point of forging relationships with multiple banks after similar businesses suddenly lost their bank accounts and folded or scaled back. “You can never tell what’s going to hap...
Through a partnership with Bitcoin payment processor BitPay Inc., Gyft now accepts bitcoins for its mobile gift card product. This extends the virtual currency's reach to more than 50,000 retail locations. "The biggest issue with Bitcoin to date is: Where do you spend these bitcoins?"...
People — and payment companies — are starting to take Bitcoin seriously. The decentralized virtual currency is overcoming its stigma as a fringe currency for illegal transactions and is stirring up consumer scrutiny of the practices of large payment providers. The payments industry is...
Bitcoin payment processor BitPay Inc. today announced its global processing volume for the month of March will exceed $2 million, a milestone for the company. BitPay is also reducing its fees. The company will now process Bitcoin transactions and support settlement into 11 local curre...
