Fintech

Late-payment rates on bank-issued credit cards and auto loans rose during the third quarter of 2016 to their highest levels in more than two years, according to a new report.

Apple Pay, Android Pay and Samsung Pay may seem to have a marketing edge over retailers' mobile wallets, but there is strong momentum among apps that serve individual merchant brands.

Eastern Bank in Boston has hired a former Citi Cards executive to oversee its consumer-lending business.

Miami-based NovoPayment, a payment provider with broad reach in Latin America, has upgraded its platform to support corporate bots enabling consumers to conduct person-to-person payments and other transactions within Facebook Messenger, the company said in a Jan. 9 press release.

Around the same time PayPal spun off from eBay Inc. to become its own company last year, it also took on the global money transfer provider Xoom. This acquisition may have been overshadowed by PayPal's bigger news, but it remains key to the company's post-eBay strategy.

Banks such as TCF Financial and Citigroup are adding Near Field Communication to their EMV cards to address consumers' displeasure.

Oklahoma City, Okla.-based True Sky Credit Union on Thursday said it gave 2016 year-end rebates and bonuses totaling $359,000 to more than 50,000 members.

The annual Consumer Electronics Show is full of big ideas, from Internet-connected toasters to AI toothbrushes. A few inventions revealed at this year's show could have big implications for payments.

Corzine Settlement; Deutsche Fills Post; Student loans

American Express has prevailed in its latest round of legal sparring with the Justice Department.