Investment

Some merchants, issuers and processors are concerned that the card brands will tout their "ownership" of payment card prefixes as a basis for requesting that mobile transactions on their cards be routed to their networks and screened through tokenization services they provide.

It’s not speed, which will steadily if not exponentially increase in the near term. It’s the centralists that are holding onto their roles as reconcilers of data.

Much like the consumer retail acquisition market, business payment companies are expanding the appeal of transaction automation by tying it to international growth and value-added merchant services.

Using technology from the blockchain startup Ripple, the U.K.'s central bank completed a successful proof of concept—and reaffirmed its goal of integrating with distributed ledgers.

JCPenney and Dick’s Sporting Goods were among the first to launch the new SyPi plug-in technology, with others expected to come on board soon.

Guests include Carl Ryden of PrecisionLender, Felipe Echandi Lacayo of PanaFintech, Sam Shawki of Magic Cube.

Readers this week highlighted the need for banks to upgrade payments systems, debated a small bank’s decision to ditch its legacy core vendor, lamented populist initiatives of the GSEs, and more.

Jerome Powell says it's “now or never” to cut the government’s role in mortgage finance; Justice Department is monitoring eight banks for suspected money laundering.

The company contends a lot of current payments technology is focused on horizontal companies that are designed to easily enable payments, and are operating agnostic to the type of business that requires a payments gateway,

Klarna, the Swedish fintech that recently received a banking license, has already inspired a generation of similar fintech competitors.