Fintech

Beem It, a startup owned by three of Australia’s largest banks, has launched a free real-time social payments app designed to run on older debit networks instead of the country's new faster payments platform.

The deal could be harmful to their bottom line because it will provide Amazon with more visibility into an even wider percentage of their e-commerce data, writes Ralph Dangelmaier, CEO of BlueSnap.

Two factions that have taken on the card networks on separate fronts are combining their might in the latest effort to pressure Visa and Mastercard. Even so, there is not a lot of reason for the credit card brands to change their methods.

Developing technology in-house and then licensing it is one way a small bank can build a reputation as an innovator.

Redwood CU's home-grown pay-by-text solution won a prestigious award recently, but the credit union is already looking at ways to build even more functionality into it.

Consumers using Paysafe's prepaid cards can now make online purchases in the Google Play store as part of a partnership with Google.

Retailer associations and debit network providers have formed the Secure Payments Partnership, designed to address the ongoing problem of payment fraud.

Live Oak is the latest bank to jump into this niche lending area. But some warn they are beginning to see cracks in credit quality.

Paring down branches, product offerings and business lines can help banks succeed.

Comdata has been processing corporate payments for almost 50 years, paying truck drivers through a proprietary fuel card network. But its next chapter could be its toughest.