David Heun

There are many motivations for implementing faster payments, such as paying gig economy workers after each job, sending funds overseas, or improving insurance payouts. In all of these examples, the demand comes from the payments recipient.

The reasons for banks to not embrace faster payments schemes are quickly dwindling. But many are still watching from the sidelines.

T-Mobile, which announced Thursday that its four-month testing phase for the T-Mobile Money app is complete and that the banking/payments service is available nationwide, said the next step is to establish itself as a mainstream financial services company.

Flywire is partnering with True North to allow Canadian educational institutions to better manage payments from international students by integrating them with application, enrollment and accounts receivable processes.

If American Express is going to soar in the future, it plans to do so firmly attached to the new 11-year contract it has signed with Delta Airlines.

Almost conspicuous by its absence, Apple Pay is finally an option in the Uber Eats food delivery app — after five years of being a way to pay for Uber's separate ride-sharing service.

SnapPay has grown rapidly in its role as an acquirer and payments gateway for Chinese mobile payment acceptance in North America, and it is ready to show merchants the next step.

Facebook has informed users of its P2P Messenger money transfer option in the U.K. and France that the service will no longer be available as of June 15.

Two months after Mastercard lawyers urged an English appeals court to follow the lead of antitrust judges that had tossed out a multi-billion pound class action lawsuit from U.K. consumers over credit card charges, that appeals court has ruled against the credit card giant.

Payments technology provider Total System Services has signed a multiyear contract with Synovus Financial Corp. to provide payment processing and also deliver two new customer service platforms to the financial institution.