John Adams is executive editor of payments for American Banker.
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Paul Fiore's path from online banking vendor Digital Insight to credit union mobile payment venture CU Wallet included a stop in the film business, where he saw firsthand the tricky task of bringing modern technology to a legacy industry where cooperation is in short supply.
By John AdamsMay 20 -
There is merit to the 'coopetition' strategy, such as faster time to market and reduced consumer confusion. But time and again, bitter rivals such as telcos and big-box retailers try to work together only to see their efforts fall apart or vastly reduce the scope of their goals.
By John AdamsMay 19 -
Financial institutions claiming exposure to Target's 2013 data breach are one step closer to collecting a $39 million settlement.
By John AdamsMay 18 -
The international payments market has become an attractive target for startups looking to pry clients loose from banks by providing a way to reduce fees by routing around third parties.
By John AdamsMay 18 -
Mobility's incursion into merchant services is normally treated as a threat to independent sales organizations and legacy acquirers, who will find themselves on the outside as technology-based services take over the store.
By John AdamsMay 17 -
WePay's bread and butter has been offering a streamlined e-payments hookup for online merchant platforms, and it's now adding in-person payments to keep businesses with offline needs from turning to the likes of Square.
By John AdamsMay 16 -
As a supermarket chain with no supermarkets, FreshDirect has always been an early mover by design. That made Samsung's Internet-connected refrigerator a natural fit.
By John AdamsMay 13 -
Walt Disney Co., having found success with its wearable MagicBand payment system, is retiring the paper "Disney Dollars" it has long accepted from parkgoers.
By John AdamsMay 12 -
Blockchain, the distributed ledger technology commonly associated with bitcoin, is getting a lot of attention as a way to jettison fee-snagging correspondent banks from remittances, but Align Commerce insists blockchain has even more uses.
By John AdamsMay 12 -
Merchants that now accept EMV-chip cards at the point of sale are not happy with the user experience, and First Data sees itself in a position to help.
By John AdamsMay 11