Fintech

It is easy for banks to get caught up in what appears innovative but ends up being for show.

The Plenti loyalty program unfolded two years ago with a new twist on plastic card-based rewards—a multi-merchant coalition in which participants were given exclusivity within their market and consumers could earn points at one retailer and redeem them at another.

H. Palmer Proctor has been the Atlanta company's president since 2004.

The Fed said it will conduct extensive reviews only of deals that create banks with assets of $100 billion, replacing the prior mark of $25 billion. The disclosure was included in the Fed's approval of People's United's purchase of Suffolk Bancorp.

The 'pays' and PayPal are among the technology companies that have build mobile wallets. As these apps add financial services, banks must consider building their own apps.

Virtual Piggy has undergone a few changes of direction and brand in the past while formulating payments applications for the under-18 market.

The industry has made great strides in faster payments over the past year. Even more cooperation among stakeholders will be needed in the year ahead.

Integrated payments platform provider WePay has added web-based Apple Pay and Android Pay acceptance to its mobile commerce offering.

Samsung Electronics Co.’s new Galaxy S8 will employ facial-recognition technology for mobile payments within months of release, adding cutting-edge security to help the marquee device stand out from rivals such as Apple Inc.’s iPhone, people familiar with the matter said.

The surge of students seeking an overseas education in recent years powered rapid growth for Flywire, a Boston-based payments technology firm that handles cross-border tuition payments. It must now test whether the global network it built can serve the B-to-B market as well.