Merchant

The trade association has teamed up with Retail Benefits to create "CU Perks," a shopping rewards program for CU members in the Pelican State.

In a move that will certainly cause friction across the card payments industry, Amazon announced a new service called Amazon Prime Reload, which incentivizes newcomers to the program to load funds using a debit card or bank account with a 2% cash back on purchases.

JPMorgan Chase’s partnership with OnDeck Capital was expected to augur a wave of similar agreements between banks and online business lenders. But so far, most banks have avoided joining forces with companies they also view as competitors.

The Utah company has similar arrangements with Staples, GoDaddy and LegalZoom.

Customers were previously required to provide access to their accounting software, but now they can connect a business bank account instead.

Due in part to the U.S.'s lackluster adoption of contactless cards, mobile wallets had a slow and difficult time gaining hold among consumers and merchants that were unfamiliar with the tap-and-pay process or didn't have the right technology. The opposite problem plagues Canada, where contactless cards are so widely used that mobile adds little value.

Federal law established oversight of banks’ security measures, but the lack of similar requirements for retailers creates a blind spot in defending against hacks.

The U.S. should worry about falling behind as other countries have already invested in real-time payment (RTP) systems, according to new research from Mercator Advisory Group.

Fintech is full of payments technology ideas in search of a mission, and Wholesome Wave, whose mission is to improve low-income consumers’ nutrition, has searched for years to find a better way to reimburse its constituents for buying healthy food.

At the Michigan Credit Union League’s annual conference, PayPal CEO Dan Schulman offered an overview of cyberthreats while praising the movement – an industry he considers a partner, rather than a competitor.