David Heun is an associate editor for technology at American Banker.
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As the competition mounts to increase adoption rates for person-to-person payment apps, PayPal's Venmo is adding a way for users to quickly move money from the app to their bank account.
By David HeunAugust 12 -
Lightico is focusing on how users engage with institutions on a mobile device, something the company believes is a shortcoming among card issuers.
By David HeunAugust 9 -
Three years ago, payments technology provider Dwolla submitted a 164-page proposal to the Federal Reserve's Faster Payments Task Force. This week, the Fed unveiled a plan for its own faster payments system, but Dwolla had already moved on to other projects.
By David HeunAugust 7 -
The question of upgrading to 3D Secure 2.0 authorization will become easier for European e-commerce merchants if it proves to be a path to compliance with a provision of PSD2, the revised Payment Services Directive.
By David HeunAugust 2 -
If Bank of America had decided a few years ago to end its joint venture with First Data, it would have been looked upon as just another instance in which a bank was either planning to handle its own payments in-house, or turning those tasks over to a processor.
By David HeunJuly 31 -
Bitcoin Hyper is working with a Latin American payment processor to bring acceptance of its high-speed cryptocurrency to multi-channel payment terminals and mobile apps in the U.S. and Latin America.
By David HeunJuly 30 -
A stronger U.S. economy paved the way for Toast and other companies like it, such as Bolt and Due, to find their own niche against PayPal, Stripe and Square when it came to serving small restaurants or coffee shops with point-of-sale hardware and software.
By David HeunJuly 26 -
The P2P service, based on the time its users spend with it, has the capability of luring users into other services attached to Venmo.
By David HeunJuly 24 -
Calling it the largest B2B trading platform in the world, Alibaba Group has opened Alibaba.com to small and medium-size U.S. businesses to reach an addressable market of $23.9 trillion.
By David HeunJuly 23 -
Payments technology is advancing at such a rapid pace, the most valuable asset for those in merchant acquiring is expertise.
By David HeunJuly 22 -
When Amazon was busy driving traffic to its site — and the likes of Walmart and Best Buy were aggressively trying to pull shoppers away — it also invited several issuers to compete to be the top-of-wallet card for Prime Day spending.
By David HeunJuly 22 -
During his time with the company, Hogg directed its transformation from Interbank to Mastercard and helped expand the card brand's global presence.
By David HeunJuly 19 -
Even with an economy that has slowed to a "moderate" pace, American Express says U.S. consumers' spending trends remained solid and, in the case of Amex cardholders, they are willing to pay fees for cards that come with the right features.
By David HeunJuly 19 -
For ISOs, it's hard to watch someone else deliver payment services in their place.
By David HeunJuly 18 -
Ever since PayPal took control of Venmo as part of its 2013 purchase of Braintree, it has woven Venmo into more and more of its products. Even other acquisitions aren't immune to the spread of Venmo.
By David HeunJuly 18 -
In seeking to establish a London-style Oyster card system in its city, Manchester officially launched its contactless payments capabilities on the Metrolink Tram.
By David HeunJuly 15 -
Merchants outside of China who have the QR code technology to accept Alipay and WeChat Pay are part of a growing trend to serve Chinese tourists who are comfortable paying via their smartphones.
By David HeunJuly 15 -
Samsung has reached an agreement with an online marketplace for financial products in India that will allow consumers to apply for credit cards and loans through the Samsung Pay app.
By David HeunJuly 12 -
Interchange rates on payments in the fuel and energy sectors can be so complicated that energy marketers can lose thousands of dollars a year because of mistakes they make in coding their authorized credit card transactions.
By David HeunJuly 10 -
As the urban mobility trend of scooter rentals continues to grow, PayPal's Hyperwallet will have a role in handling outbound payments from rental platform Lime to its network of freelancers who recharge the fleet of scooters.
By David HeunJuly 10















