Kate Fitzgerald

Five years ago, Dwolla took its ambitious approach to speeding up payments to financial institutions, viewing banks as a core audience in need of modernizing its aging infrastructure. But more recently, the company had to make a sharp course correction in its strategy.

Pressure is building on financial services providers to develop more merchant-centric loyalty programs to fight declining interchange revenue, and U.S. Bank is testing one approach in Lawrence, Kan.

The expansion of devices connected to the Internet of Things is raising security and privacy concerns, spurring the Smart Card Alliance (SCA) to take action.

It’s rare to see much fanfare around the launch of a mobile banking app these days. But for the U.S. Treasury Department, this milestone signals it’s nearing the end of its long quest to modernize the delivery of federal benefits—even for consumers locked out of traditional banking systems.

Pressure is building on financial services providers to develop more merchant-centric loyalty programs to fight declining interchange revenue, and U.S. Bank is testing one approach in Lawrence, Kan.

A troubling gap is growing between the promises being made around mobile payments to consumers and merchants, and what payments technology providers are actually delivering, according to PayPal’s Bill Ready.

Vantiv named Stephanie Ferris chief financial officer, promoting her from deputy chief financial officer, a post she has held since September 2015.

Growth opportunities for e-commerce companies looking to go global in the next few years are huge, but many are daunted by the complexity of different online payment approaches used around the world, say international e-commerce payment experts.

Issuers still have a choice of whether to require PIN authentication for EMV-chip cards, but David Nelms, chairman and CEO of Discover Financial Services, says the chip-and-PIN path increasingly makes the most sense for U.S. payment cards going forward.

More than a decade after U.S. payment card issuers endured the spectacular failure of contactless cards, some issuers wonder if it’s time to try again.

In its quest to supply small businesses with services that go beyond payments, First Data Corp.'s Clover subsidiary is extending e-commerce website support to its merchant clients beginning next month.

An e-commerce technology unit eBay sold last fall after separating from PayPal has reformulated itself as Radial, tailoring its services for online merchants that want to make the leap to omnichannel commerce.

The burgeoning market for pay-at-the-table solutions is drawing interest from many traditional payment industry players tackling restaurants’ problems, but one newcomer is gaining traction in the niche by making the consumer its primary focus.

The technology behind the snazzy new “bots” Facebook is rolling out for its Messenger chat app has enormous potential to internalize payments within social media experiences like shopping, travel and entertainment in new, more relevant ways.

Cross-border educational payments provider Flywire has added services in Japan, where there are nearly 200,000 international students enrolled in local schools and universities.

Motorists in the Netherlands will soon be able to pay for fuel purchases before pulling into the gas station through a feature from the Dutch bank Rabobank’s MyOrder, which already supports a variety of mobile payments use cases.

Citing growing social and economic pressure to speed processing, the European Payments Council wants to enable real-time payments between the 34 countries in the Single Euro Payments Area (SEPA).

Deutsche Bank AG is prepping a new tool for its corporate customers that aims to streamline international business-to-business payments for companies using SAP’s enterprise business software.

Allied Wallet, a London-based online payments processor, completed a payments gateway integration with Marco Fine Arts Inc., enabling the printing specialist’s customers to accept payments in 196 countries, the companies said April 11.

Nowait is adding payments to an app that manages customer wait lists at restaurants that don’t take reservations.