Various trade organizations sent letters to a House Financial Services Committee task force saying lawmakers should "actively discharge their oversight prerogatives" as the national bank regulator considers giving licenses to companies that do not accept deposits.

Amazon's palm-reading payment system is the sort of product that could probably succeed only at this point in time.

David Heun, Associate Editor at PaymentsSource, talks to Kevin Gosschalk, CEO and founder of Arkose Labs, about the fraud trends that have emerged over the course of the coronavirus pandemic.

It won’t be too long before the majority of banks globally will instantly issue, driven by the practical need to reduce physical contact during the pandemic, says ME Bank’s Steve Price.

The startup said its Marqeta Tokenization-as-a-Service enables banks or fintechs to instantly add credit, debit or prepaid cards to a digital wallet by directly managing tokens instead of going through a third party.

Digital financial services proponent Mobey Forum has added the Payments Expert Group, joining other domains pertinent to its mission, such as open banking, artificial intelligence, data security and digital identity.

The central bank must engage core processors, community banks and The Clearing House if it wants to move quickly on building out its FedNow system.

The legal fight between Apple Inc. and Epic Games Inc. kicks into full gear on Monday with decisions that will influence the future of app stores in the U.S. and how the world’s largest technology platforms make money from developers.

Risking traditional profit generators in return for potential revenues down the line is a gamble many have not been willing to take. But immediate payments are coming to the U.S. whether banks like it or not, says Icon Solutions' Lauren Jones.

For invisible payments to gain mass consumer adoption, there are several cultural and logistical barriers that retailers and the payment industry must consider first, says PPRO's Matt Jackson.