Special Program Root Tag

Apple Pay's launch was seen as so bank-focused that some retailers griped or outright rebelled against the Apple mobile wallet. But today, Apple made a major peace offering to the merchant community — and it's working with Square to make that happen.

Amazon.com Inc. built a Web- retailing empire by persuading consumers to pay for books, electronics and other merchandise online. Now it's targeting the next generation of shoppers.

U.S.-based payment processor Total System Services (TSYS) has launched a service called Chip Card on Demand that provides issuers the option to add EMV chips to compatible magstripe cards during the production process.

Dwolla is dumping its transaction fees to instead focus on making money from added features, services and custom software. It's a business model that others have tried before with mixed results.

IHL, which tracks retail payment trends, has slammed EMV in a recent report, calling it "a colossal waste of time, effort and capital to the retail industry."

Verifone CEO Paul Galant is not happy with his company's performance in Asia, and plans a number of changes including personnel and the separation of China as its own region.

At the Wayfair network of retail brands, more people are using its mobile commerce apps, but only a smaller percentage are on board with using those apps to make purchases.

Central Pacific Financial in Honolulu has named Catherine Ngo chief executive and also appointed a new chief financial officer.

First Midwest Bancorp in Itasca, Ill., has named new heads of treasury management and private banking.

First National Bank Alaska in Anchorage has appointed Betsy Lawer as chairwoman.

American Express' recovery from losing its partnership with Costco got a boost as it reached an agreement with Starwood Hotels to introduce a new payment card.

Traditional assumptions about how demographic groups adopt digital channels are fading as comfort with new technology becomes common, according to new research from payment processor Total System Services (TSYS).

Visa and Verifone hope to reach merchants that are anxious to follow the shopping experience as consumers make purchases through a combination of apps, websites and in-store visits.

Revel Systems found its niche in the point-of-sale landscape by developing software that turned an iPad into a payment terminal. But a WiFi-based device such as a tablet is only as strong as the WiFi signal it's connected to.

Intuit, which works with numerous small-business owners through its QuickBooks software and other products, is learning that convincing merchants to adopt EMV technology will require more than just educating them on the technology and the consequences of missing the card networks' October deadline.

One of the iconic images to come out of Google's Android Pay presentation last week is its app loaded with one American Express card — and three retailer loyalty cards.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including a call for a small-business loan brokers' code of ethics and why Congress needs to level the playing field for investors in bank obligations.

Retail chain Sally Beauty knows that it was sick and when. Now the challenge is to figure out what made it sick.

EVO Payments is set to purchase Deutsche Postbank’s merchant acquiring business, P.O.S. Transact.

As the deadline nears for U.S. EMV adoption, more processors are partnering up to help their clients speed through the certification process.