Merchant

Instead of investing in contactless cards, financial institutions should focus on moving their offerings to mobile — into apps that can do more than money management, argues Mehmet Sezgin, CEO and founder of myGini.

Discover and Garmin International are partnering to allow Discover cardholders the ability to make contactless payments through Garmin Pay on various fitness smartwatches.

Mobeewave, a provider of in-person contactless payment acceptance software, is getting an investment from Samsung Venture Investment Corporation that pushes a recent Series B funding round led by NewAlpha, Mastercard and Forestay Capital to nearly $20 million.

A man entered a SunTrust branch in Sebring, Fla., and shot and killed five women, four of whom were bank employees; 24 million mortgage documents exposed in data security lapse; the battle for deposits is like "a steel-cage" match; and more from this week's most-read stories.

Starbucks is being pressured to add an in-app option for deliveries rather than redirect customers to Uber's app.

Small businesses short on cash can use advances from Fundbox to buy products from online suppliers.

Discover leaned heavily on rewards to drive new card acquisitions and sales growth in the fourth quarter, but suffered a double whammy of rising reward costs and higher charge-offs, causing it to miss analyst earnings expectations.

Due to growing consumer expectations for 24/7 digital access and real time decisions, some organizations such as financial institutions and merchants have reduced the more stringent manual application review processes in order to open accounts quickly, according to Michael Lynch, chief strategy officer at InAuth.

Readers weigh in on the Consumer Financial Protection Bureau's payday rule, consider the gender wage gap in banking, debate restrictions to membership at the Federal Home Loan banks and more.

Jason Oxman is leaving his CEO position at the Electronic Transactions Association to become the president and CEO of the Information Technology Industry Council, a position he will assume in late February.