Merchant

The agency alleges that some customers made payments to the e-commerce group even though their accounts had already been sold to third-party debt buyers.

Wirecard is partnering with Visa in Romania on a white-label digital wallet service enabling any card issuer to offer mobile contactless payment solutions through a wallet featuring card controls and account notifications.

The technology arms race among payment fintechs is converging on the market for credit and loans, with Square rolling out an installment payment option for consumers that complements its merchant capital option for sellers.

There is an expectation that customers should change and adapt their particular payment habits to match what the retailer has on offer, according to Matthijs Pronk, CCO of Intrapay.

Square Inc. is offering loans to customers to pay for goods and services from merchants that use its payments platform, another move by the company to push deeper into financial services.

Financial-crime risks, properly mitigated, are business opportunities. Fintechs that recognize this can gain a competitive advantage, according to Julie Myers Wood of Guidepost Solutions and Gemma Rogers of Fintrial LTD.

Visa is working with the on-demand delivery network Postmates to deliver real time payments through Stripe’s Instant Payouts feature, running on its push payment platform, Visa Direct.

Gift card, reward points and payment information will continue to be exposed and available to whoever wants to purchase it. But it’s up to companies to implement security barriers that devalue this information, writes Don Duncan, security engineer for NuData Security.

Consumers who own multiple cards often use them as budgeting tools — a credit card for entertainment, a prepaid card for groceries, etc. — but that method typically can't be applied to any purchases that are paid in installments.

The economy could “positively slow down in mid-2019” and consumer debt levels are a huge concern, but technology and lessons learned from the crisis could still create opportunity for small banks, says Beneficial’s Gerry Cuddy ahead of a big speech on current conditions.