Fintech

Shopping and paying for goods with a smartphone or tablet has been a staple of modern consumerism for years, but mobile wallet adoption is just at its early stages, writes Lisa Stanton, president of InAuth.

PayPal now enables Skype users to send funds to one another while chatting on Skype’s mobile app, but the connection came too late for investors who hoped to see this happen when PayPal and Skype lived under the same roof as subsidiaries of eBay.

The Consumer Financial Protection Bureau ordered JPMorgan Chase to pay a $4.6 million fine for failing to provide accurate information when denying checking account applicants.

Indonesian online payments company KinerjaPay has opened a gift card center enabling consumers to purchase gift cards with bitcoin from major U.S. merchants including Amazon, Starbucks and Barnes & Noble.

Six states and D.C. still charge in-network fees when unemployed workers cash in assistance delivered through prepaid cards.

In what could be considered a premature verdict, LendEDU has released results from a survey conducted in July to assess awareness of the Zelle payment platform. The survey found that only 6.1% of interviewees had heard of Zelle — not bad given the audience and the timing of the survey.

Apple Pay will make its debut in Denmark, Finland, Sweden and the United Arab Emirates before the end of the year, the company revealed during its third-quarter earnings call.

Facebook, Twitter, YouTube, Instagram, Reddit and blogs create environments where like-minded users can connect, share opinions and cultivate a sense of camaraderie, creating an unprecedented number of distinct nano-segments, writes Steve Gilde, director of global payments for Paragon.

American Express and MineralTree are partnering to streamline business-to-business payments by incorporating the Amex virtual corporate card platform into MineralTree's accounts payable processes.

Royal Bank of Canada has updated its mobile app to enable personal banking users to ask Siri to pay their bills on iPhone and iPad.