Merchant

Online marketplace lenders found themselves in the congressional crosshairs Tuesday just as some lawmakers are attempting to provide the industry with sought-after reforms.

The $25 billion-asset company said in a press release Tuesday that BankUnited Small Business Finance is now making loans in Ohio, Washington and Wisconsin.

Charles Schwab Bank, BBVA Compass and Mechanics Bank are among the latest investors in a California microfinance firm that specializes in small-business lending.

When those of us in the payments industry think about moving money, we think of the many points that distinguish money movement options – is it a transfer or a bill payment, will it utilize a card network or the ACH, will it be sent immediately or processed in a batch?

Amazon's Prime Day event is marketed as a summertime version of the Black Friday shopping holiday, but it also serves as a proving ground for the retailer's most experimental ways of selling its products.

Spanish gasoline retailer Repsol this week augmented its Near Field Communication-based mobile payments services by launching an app enabling motorists to pay for fuel without leaving the car.

What's most intriguing to payments industry insiders is what Walmart left on the table when designing Walmart Pay, and what those decisions could mean for retailers and bank card issuers.

Mobile wallets remain in a nascent stage until service providers can deliver value beyond just payments.

E-commerce seems to have a better memory than brick and mortar stores, quickly scrutinizing shoppers' purchasing and browsing habits to provide recommendations and offers to keep them coming back.

Square Inc. spent six weeks in Portland, Ore. — a city with a strong existing base of micro-merchants — to transform it into one of the company's top U.S. markets in total Apple Pay transactions conducted with its card readers.