Merchant

India’s Unified Payment Interface is a model that other developing economies can emulate, as they look to move away from cash-centricity and overhaul their own payments infrastructure in pursuit of speed, security, auditability and financial inclusion, writes Anoop Villait, managing director of corporate development at Transpay.

The acting director wants to gut the agency, which would harm both consumers and entrepreneurs.

Questions about the CFPB’s structure, high-profile enforcement actions and the acting director’s rift with Elizabeth Warren could dominate two days of hearings on Capitol Hill.

The Middle East presents a rare opportunity for digital payment innovators to access a populous and high-spending region with good levels of connectivity, writes Tom MacDonald, financial and business services practice head for Global Growth Markets.

It's no surprise that London topped the chart of "Cashless Capitals" in a recent study, considering its status as a major fintech hub of the U.K. But this wasn't enough to make it the country's contactless capital.

Following its acquisition last November of Capital Bank in North Carolina, First Horizon will fund mortgage and small-business lending in low-income areas of the Southeast and expand its vendor relationships with minority-owned firms.

The $3.4 billion deal to take Verifone private is more than just an effort to strengthen the company. It's also a signal of how much the market has changed from the days when Verifone found itself scrambling to combat a newcomer called Square.

Although Visa Claims Resolution will require merchants to learn some new rules and routines, the changes are good news for merchants who know what to expect, writes Rafael Lourenco, executive vice president at ClearSale.

The Masterpass digital wallet will become embedded into the My Phillips 66 app later this year, enabling customers to pay at the pump or in the convenience store.

AI relies on catching the malware itself at a later stage, once it begins to operate in the system, and that's not enough to combat breaches and payment systems, according to Mordechai Guri, chief science officer at Morphisec.