Cards

As faster payments change how quickly companies get paid, these same organizations are looking to add speed to the way they manage internal expenses.

Black-owned OneUnited is getting grief for its depiction of the abolitionist on a debit card; the bank plans $4.5 billion in cost cuts, with 35,000 jobs cut.

The U.S. telco sector has worked hard to control the mobile wallets developed on its phones. While its earliest efforts didn't last long, companies like T-Mobile and Sprint took decidedly different paths to reach where they are now.

Financial institutions and payment companies are embracing the cloud, but they hoped for better results, Maria Allen of Unisys contends.

Curve has decided to take advantage of the work done by the major mobile wallet brands by adding support for Apple Pay and the other major wallet apps. This addition is designed to make Curve, and the Pays, a workaround for banks that don’t support all three major mobile wallets.

A new report from PSCU shows increases in spending levels and transaction volumes, along with a surge in mobile wallet usage during the holiday shopping season..

Activist investor Starboard Value has built a position in Green Dot Corp. and may push for changes including a potential merger at the prepaid debit card company.

For the first-time, over half of all product and service purchase transactions in Russia were paid for using non-cash payment instruments.

Bank pilots and 'open banking' are paving the way for rampant adoption, says Fingerprints' Lina Andolf-Orup.

The bank raised its return-on-equity goals, based mostly on cost cuts and its core trading business; the Fed did raise the rate it pays on bank reserves.