Fintech

Since e-commerce merchants often operate without walls, it makes little sense to operate with borders.

Cards, e-wallets and transfers are all necessary for merchants to attract younger consumers to recurring payments, writes Artem Tymoshenko, CEO of MaxPay.

Millennials -- a demographic credit unions badly want to capture -- are using P-to-P services to pay for drugs and gambling, and while CUs may not want their members paying for illegal activities with account-connected services, a growing number of institutions also want to be the FI of choice for legal drug businesses.

The tiny Delaware credit union has just over 500 members and will merge into Del-One following losses of more than $45,000 last year.

PSCU will provide processing and support services for 55 Corporate One CUs, representing nearly 100,000 cards and accounts.

Visa’s core mission is to crush cash, but its latest promotion rewarding businesses with a pile of money if they stop accepting cash altogether may be too little for this goal.

American Express is adding virtual account numbers to its business travel account service, saying it will provide businesses with more visibility and control of employee travel expenses.

The card network would help offset the cost of adopting digital payment technology in exchange for no longer accepting cash payments.

Mobile and online P-to-P services may be the popular, mainstream payments service of choice for young people who don't prefer cash, but it also has a seedy underbelly, according to new survey data.

PayPal is launching a cross-border trade service to help small and mid-sized businesses in the U.S. improve their international presence and sales.