Kate Fitzgerald

Longtime Amex exec Alfred F. Kelly Jr. will be taking over as Visa CEO at a time when much is at stake for the global card network.

Rhode Island, while geographically small, represents strong business prospects for London-based WorldRemit.

Visa unexpectedly announced the resignation of CEO Charlie Scharf, making way for longtime Amex executive Alfred F. Kelly, Jr., a current board member, to take over the role effective Dec. 1.

Visa unexpectedly announced the resignation of CEO Charlie Scharf, making way for longtime Amex executive Alfred F. Kelly, Jr., a current board member, to take over the role effective Dec. 1.

Big-box retailers aren’t the only ones being forced to change the way they do business as giants like Amazon reshape the way consumers shop and consume services—small businesses also get caught in the storm.

Small businesses often need a short-term cash infusion to make purchases and pay bills due immediately, but the paperwork, timing and fees surrounding short-term loans can be prohibitive.

Restaurants are already busy adjusting to consumer trends toward mobile payments and a rough transition to EMV payments. But there's also a back office payment problem with slow, costly paper checks and invoices for payments to restaurant vendors and suppliers.

Mastercard will make its broad product portfolio available to Germany-based solarisBank to enhance the programming tools the bank extends to early stage payment businesses.

Millennials are experts at navigating social media and messaging apps, but they could use some help when it comes to managing their money, concluded the U.K. fintech team behind Plum, a new app aiming to bridge this chasm.

Mastercard has joined PayPal, Square, Stripe and a handful of banks offering “bug bounties” to volunteers willing to comb some of its websites in search of glitches.

As more merchants worry about EMV card slowdowns ahead of the holiday shopping season—when bottlenecks at checkout points could lead to many lost sales—more companies are coming up with their own ways to slash EMV payment times.

For many restaurants that originally put EMV on the back burner because of technical complexities and a lower general risk of counterfeit card fraud, waiting to support chip cards has proven to be the right decision.

The biggest surprise for many who awaited the Consumer Financial Protection Bureau’s final rule for prepaid cards was discovering that its reach extends to some of the payments industry’s highest-profile tech firms, such as PayPal Inc.’s Venmo, Square Inc.’s Square Cash and Dwolla.

U.S. Bank’s Voyager Network enables fleet managers to track and control commercial fuel purchases, and now the platform also provides key fuel and vehicle usage data from fill-ups at private, unattended fueling sites.

Independent ATM operator Cardtronics plc is expanding to Australia and New Zealand with the purchase of Canada’s DirectCash Payments Inc., which operates ATMs in several regions.

The traditional audience for prepaid cards is the underbanked or unbanked, many of whom are excluded from the mainstream financial services system due to their lacking credit histories. Green Dot is nevertheless pursuing this audience with a Platinum Visa secured credit card that requires an upfront cash deposit and carries a raft of fees.

The traditional audience for prepaid cards is the underbanked or unbanked, many of whom are excluded from the mainstream financial services system due to their lacking credit histories. Green Dot is nevertheless pursuing this audience with a Platinum Visa secured credit card that requires an upfront cash deposit and carries a raft of fees.

British cosmetics powerhouse The Body Shop this week will accept Alipay at three of its London stores, through a new integration by Germany-based Wirecard.

IBM is introducing a set of new systems and tools to help banks in the U.S., Europe and Asia adapt to certain global initiatives to modernize financial services, including advancing real-time payments and sharing customer data with third parties through APIs.

Visa Inc. is trying a new gambit offset consumers' irritation with hassles surrounding the messy EMV chip-card migration—it's introducing a winsome young woman to console the masses.