Kate Fitzgerald

The move creates more room for developers to work on new payment types and build additional use cases.

The heat will now be on card networks to reassure consumers of card security through other methods, during the ongoing barrage of data breaches that could undermine consumers’ confidence in cards.

Diebold Nixdorf is a well-known provider of ATMs, but in an increasingly cashless economy it needs to apply its expertise in new ways.

The first round of data is in following the Sept. 15 launch of same-day ACH debit payments, providing a snapshot of what Nacha expects will be a growing channel.

Bank of America Merrill Lynch has injected artificial intelligence and predictive analytic capabilities into its core CashPro tool for corporate users, using a set of application programming interfaces (APIs) to produce CashPro Assistant.

UL Transaction Security has teamed up with Zurich-based payment software engineering firm Abrantix to create a robot to automate the typically tedious, manual process of payment terminal testing.

TSYS has added two executives to its board, including Thaddeus Arroyo, CEO of AT&T Business, and Richard Smith, who is chairman, CEO and president of Realogy Holdings Corp.

Apple Inc. is exploring ways to bring Apple Pay to India, according to reports.

Chinese tourists visiting the U.S. may begin paying cab fares via Alipay this month in Las Vegas and next month in New York through an expanded acceptance deal with Verifone.

Bank services provider FIS has connected its Trax corporate payments platform to Citigroup via a series of application programming interfaces (APIs), enabling treasury payments to flow in real time and improving cash management for corporate customers.

Fintech solutions to send cross-border payments to unbanked consumers through smartphones are gaining momentum globally, but the volume of remittances going to bank accounts in developing countries is also on the rise, according to Small World Financial Services.

Cash is resilient, especially during times of crisis or uncertainty. But there are significant efforts to make cash less relevant in areas where it has typically been a mainstay.

Same-day ACH debits rolled out last month, a year after same-day credits, cutting processing time for these payments from a couple of days to a few hours — but for many emerging use cases, that’s not fast enough. And debit is filling the void.

The EMV liability shift for gas pumps was postponed to 2020 last year, but cobranded fleet cards carrying the Visa or Mastercard logos still face the same counterfeit card fraud risks as any other payment card when paying for fuel away from the pump, such as at a truck stop convenience store's cash register.

Amazon is giving its Prime members another channel for spending with a service for teenagers to do their own shopping on a household account, subject to parental review.

Discover joined Apple Pay nearly a year after the mobile wallet came to market, so it has some catching up to do if it wants to be the top-of-wallet choice. Its new in-app rewards feature may give it the visibility it needs.

Canadian startup Payment Rails, which aims to use APIs, blockchain and artificial intelligence to find efficient routes for cross-border payments, has closed a seed round bringing funding for its concept to $1.1 million.

Bottomline Technologies is introducing a set of APIs for its corporate customers in accordance with the U.K.’s new Open Banking policy and Europe’s Payment Services Directive (PSD2).

Mastercard will invest $750 million in India in the next four to five years by continuing to acquire companies there, CEO Ajay Banga said this week.

The digital era is changing a lot of habits, including dining. Mobile devices and other technologies now play a vital role in bringing patrons into coffee shops, fast food restaurants and sit-down establishments.