John Adams

The information you need to start your day, from PaymentsSource and around the Web. Today: Apple Pay offers new incentives; Bids for Ofo; Aimia rejects Air Canada's bid; Patreon's payments problem.

Hochschild, the current president and chief operating officer, has been with Discover for 20 years, and will retain his title as president upon assuming the CEO role on Oct. 1. Nelms (pictured) will continue as executive chairman until his retirement early in 2019.

While mass transit has long been seen as a potential catalyst for changing payment habits, it's apps such as Uber, Grab and Lyft that are making the biggest difference in how people pay for transportation.

The information you need to start your day, from PaymentsSource and around the Web. Today: A big week for the OEM wallets; Barclays adds service for small businesses; Russian card hacker goes to jail; Nexo adds credit for cryptopayments.

The Trump administration's isolationist policies are slowing the flow of foreign students to American universities, and thus may hurt companies that rely on cross-border tuition processing to American corridors.

Pinduoduo's controversial IPO was seemingly a world removed from western merchant acquirers, but it's yet another example of how social payments can upend conventional relationships between merchants, shopping and payment processing.

The information you need to start your day, from PaymentsSource and around the Web. Today: Allied Wallet's CEO reportedly makes big political donations and skirts bank regs; Indian central bank pressures Paytm on AML; Grab's prepping another $1 billion raise; Google Pay adds another market; FSA tightens rules for FX marketing.

The information you need to start your day, from PaymentsSource and around the Web. Today: CVS and 7-Eleven add Apple Pay; U.S. plans to deregulate fintech; A phishing attack uses PayPal's brand; Binance buys a crypto wallet; the NFL players union adopt blockchain for player-driven content.

The information you need to start your day, from PaymentsSource and around the Web:. Today: Jamie Dimon discusses health care initiative; Apple Pay's contactless dominance has its limits; Gaming blockchain rewwards; Square's brand pops up in phishing scheme.

As smaller screens and internet-of-things devices become more prominent, credit providers will have to find a way to accept personal information without the convenience of a terminal and keyboard.