Fintech

Underbanked consumers will have an incentive to initiate mobile payments through PaySwag, an application that will issue rewards for using a smartphone to make a payment and allowing redemption at any time.

Ukraine-based KredoBank has launched a digital wallet that uses host card emulation (HCE) technology to enable contactless mobile payments with Android handsets, and it’s backing the new service with a promotional campaign to win prizes on Facebook.

As many tech companies push to counter the use of cash in favor of cards and mobile wallets, some merchants are pushing back by urging the use of cash.

ICBA Bancard is partnering with the payments provider linked2pay to more easily deploy Automated Clearing House and other transaction types through a cloud-based platform.

Operating from Kansas, payments processor Euronet Worldwide has been working furiously—and quietly—on a way to disrupt China-based Ant Financial's deal to buy Dallas-based MoneyGram ever since news broke in January.

Google Wallet may have passed the in-store and in-app payments baton to Android Pay late in 2015, but it has simplified its person-to-person payment capabilities by extending its Gmail integration to Android phones.

Selling a participation in a line of credit to the Puerto Rico Electric Power Authority reduced the company's nonperforming assets by 9%.

Euronet Worldwide Inc. offered to buy MoneyGram International Inc. in a cash deal that the firm said values the company at a higher premium than a competing bid from billionaire Jack Ma’s Ant Financial.

A new cap on credit-card transaction fees that comes into force on July 1 means there’ll be less revenue available to fund lavish award programs.

The shape of health care reform is a work in progress politically. But removing paper from billing should be a noncontroversial piece of the solution.