Fintech

After five years of steady growth, U.S. consumers are pulling back on buying all types of prepaid cards — including retail gift cards — due to a combination of economic and consumer shifts.

The increased availability of the technology serves to further encourage consumer adoption rates, writes John Mitchell, CEO of Episode Six.

Apple's Face ID is turning heads, but it is far from the first use of facial biometrics in payments. Here are several implementations that predate it.

Blockchain is already taking a bite out of the fees traditional financial institutions extract from cross-border transactions by providing a workaround that avoids third parties.

Rather than waiting one to three days for funds through the Automated Clearing House system, merchants will be able to receive settlement payments straight to their debit cards within minutes through a partnership between Visa and the processor Vantiv.

Chemical Financial's decision to shutter nearly 40 branches and cut more than 200 jobs is a result of improved technology and an effort to become more efficient after years of pursuing acquisitions.

Payoneer will work with the mobile wallet eZ Cash to make it easier for its mobile wallet users to convert funds from cross-border payments to funds in the wallet.

Apple's upcoming iPhone X will ditch its fingerprint sensor in favor of a multi-camera system, but it still expects some users to opt for a PIN code.

TransUnion Chief Financial Officer Todd Cello said Tuesday the firm kept call centers open through the weekend to deal with the flood of calls from anxious consumers.

The CUSO’s business solution aims to help CUs save money on card processing.