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Visa insists that EMV chip card transactions take no longer to process than magstripe transactions do, but it is aware that many consumers disagree.

Just as startups can open new markets and take longstanding clients from incumbents, they may also rob traditional companies of much-needed diversity in their higher ranks.

As banks weigh blockchain-powered clearing and settlement solutions, the Royal Bank of Canada is looking at how the technology can bolster its customer loyalty schemes.

Mitsubishi UFJ Financial Group and its U.S. subsidiary, MUFG Union Bank, have named Ranjana Clark to the role of San Francisco Bay Area president.

Citing growing social and economic pressure to speed processing, the European Payments Council wants to enable real-time payments between the 34 countries in the Single Euro Payments Area (SEPA).

Starbucks Corp. fell the most in more than two months after Deutsche Bank AG downgraded the stock, saying that changes to the company’s loyalty program may hurt customer traffic.

Global consumers have an appetite for U.S. goods, but American e-commerce merchants are making it too hard to pay, according to PayPal-sponsored research.

Nearly 60% of merchants using ShopKeep's tablet-based mobile point of sale software predict that half of consumers will be using mobile payments as a primary payment form by 2018.

Marsha Williams' appointment at the $141 billion-asset company takes effect immediately. Williams has been on Fifth Third's board since 2008.

The Society for Worldwide Interbank Financial Telecommunication (Swift) has created a service to help financial institutions comply with requirements governing payments messaging.

USAA has hired Jennifer Sepull, a former Kimberly-Clark executive, as its chief information officer.

Wireless transaction and security company Apriva is pushing EMV mobile point of sale software, extending a partnership with iPayment Inc. to serve small and midsize businesses.

First Midwest Bank in Itasca, Ill., announced Friday that it has hired Jo Ann Boylan, formerly of MB Financial Bank in Chicago, as chief information and operations officer.

Square will be the exclusive point of sale provider for Coachella, a large music festival, covering everything from tickets to concessions.

If merchants in the U.S. took a cue from their counterparts in Australia and began making consumers pay a surcharge for credit card transactions, it would attract more backlash than revenue.

Cutting out every step except one—opening the app—Domino's Pizza has introduced what may be the most streamlined approach yet to ordering and paying for delivery with its Zero-Click Ordering app, which launched this week for iOS and Android.

How an undocumented immigrant rose through the ranks at Goldman Sachs; why one bank embraced a highly unusual strategy (and why you may want to copy it); and what Ally Bank's Diane Morais and Bank of America's Andrea Smith are up to now. Also, a pot (Hollywood) calls out a kettle (Wall Street) for a lack of women in leadership roles, and a high demand for airline pilots could make for more female-friendly skies.

Citi has expanded its ThankYou Rewards program to allow its reward points to be used directly for purchases at BestBuy.com.

Bank of New York Mellon has hired a new chief operating officer for its markets business.

Bancorp of New Jersey in Fort Lee has hired a former state regulator as its new chief executive.