Kate Fitzgerald is an Arizona-based senior editor for American Banker and longtime payments reporter. Fitzgerald began her journalism career at the San Diego Tribune, and has worked as a reporter and editor at several other publications, including Advertising Age and the Arizona Republic. She is a graduate of Lewis & Clark College and holds a master’s degree from Northwestern University’s Medill School of Journalism.
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Small and midsize businesses (SMBs) are adapting to digital payments technology at slower speeds and for different reasons than larger enterprises. Cash and checks still account for almost half of all SMB payments, and SMBs have lagged behind other merchants in the U.S. shift to EMV technology.
May 23 -
Success stories about teen-focused payment cards are relatively few, despite steady improvements in technology to give kids a measure of independence in their spending while parents hold the purse strings via shared apps.
May 23 -
Adobe’s powers to drive digital customer experiences with cloud-based systems will reshape Magento's offerings and underscore how critical a robust payments stack has become to commercial infrastructure providers serving a global, omnichannel audience.
May 22 -
Dan Henry, former CEO of Netspend, was elected chairman of the board at 3PEA International, a prepaid card program provider and processor.
May 21 -
Stripe Inc. and JCB Co. have signed a memo of understanding for a global partnership enabling JCB card acceptance at all online merchants that use Stripe.
May 18 -
PayPal has agreed to acquire iZettle—often called the Square of Europe—in a move that could blunt Square’s prospects in key markets.
May 17 -
Behavioral data about Hispanics’ use of digital payments is scarce, but the sector as a whole spends more than $1.4 trillion annually and its population growth rate significantly outpaces the mainstream, based on U.S. Census Bureau data.
May 17 -
Card issuers have long feared that third-party mobile wallets would erode their brand power by rendering them an invisible part of the payment process — and issuers like Barclays and TD Bank are finding ways to fight back.
May 17 -
Wirecard has partnered with Garmin to enable payment acceptance at contactless-enabled payment terminals across Europe through boon, Wirecard’s mobile payment platform.
May 16 -
In the battle that’s raged over the last two years to win top-of-wallet status among luxury card users, the only clear winners may be savvy consumers who’ve learned how to game the system.
May 16 -
Details are still scarce about how the payment networks’ universal checkout "button" will look, but each participant will have some branding representation.
May 15 -
Genting Cruise Lines, a Hong Kong-based company that operates cruise ships, has formed a partnership with Wirecard to streamline checkouts for disembarking passengers, eliminating long lines to settle charges at the end of voyages.
May 11 -
It's an important pivot point for the industry — consumer trust is threatened by a steady flow of data breaches, and consumers are divided on whether they want to stick with plastic or move on to mobile and wearable payments.
May 11 -
Mobile has been a boon for Cardlytics, which says more than half of the deals consumers choose now come from the mobile channel.
May 10 -
Instead of expanding Alipay’s geographic reach across the U.S. and Canada, Alipay is doubling down on merchant acceptance in urban areas and tourist zones to drive more spending volume.
May 9 -
Opportunities are expanding for women in the payments industry, Being willing to take risks and occasionally fail can help build a successful career.
May 8 -
Companies such as FleetCor, WEX and U.S. Bank Voyager are in a fierce competition that's driving a wave of innovation as these companies look for advantages in fuel, lodging, tools and other expenses.
May 7 -
The hackers gained entry to affected systems through a client-access portal and the company’s internal monitoring systems detected the intrusion.
May 4 -
Flywire has partnered with Billtrust, which specializes in B2B payments, to improve processing of cross-border payments.
May 3 -
Samsung Pay has worked to differentiate itself from other mobile wallets with Samsung Rewards, and now it’s enriching that program with a cash-back option and the ability to purchase rewards points like airline mileage programs.
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