Fintech

Transit systems provide a clear use case for mobile payments, allowing commuters to avoid lining up at ticketing machines when they're already in a rush to get to their destination. But many of the perks of mobile wallets, such as targeted offers, don't apply to them.

Amid a rising rate environment, political uncertainty and rising delinquency, credit unions can still take steps to protect their bottom lines.

Western Union Co.’s mobile app customers can now use Apple Pay to send funds originating in the U.S. to more than 200 countries and territories worldwide, including domestic bill-payments.

Only 13% of an estimated 680 million iPhone users have ever used Apple Pay, according to a report from the Wall Street Journal, which cites data from venture capital firm Loup Ventures.

The Houston company was formed in 2009 to buy struggling banks in the wake of the financial crisis.

Charlie Scharf, the former chief executive officer of Visa Inc., was named chairman of the New York City Ballet, the largest dance organization in the U.S.

Facebook’s WhatsApp, the Mountain View, Calif.-based messaging app with a broad global following, may be preparing to roll out person-to-person payments, beginning with its app in India.

The European Central Bank issued a new 50-euros banknote April 4 across 19 countries in the euro zone, the fourth new bill for consumers in what is termed the Europa series and includes euro denominations of 5, 10 and 20.

The process of making cross-border payments to global suppliers is a hodgepodge of technology, banking systems and other factors that can lead to high error rates. And for most companies, such payments occur too infrequently to invite improvements to the process.

Businesses are shedding paper checks in favor of electronic payments, but the migration is not as easy as consumer payments.