Economy

Apple, Google, Samsung and others are making changes to the way their phones handle payments. Some of these changes remove restrictions on Near Field Communication payments, whereas others take mobile technology in an entirely different direction.

Visa Inc. has partnered with Blue Label Mexico to bring electronic payments to hundreds of thousands of small merchants.

Starbucks Corp. reports that it receives 11% of its U.S. and Canadian sales through its mobile app, continuing its momentum in enticing customers to pay with the mobile version of its closed-loop Starbucks Card.

Before Merchant Account Solutions introduced an automated system that updates new customers on their applications’ status, the ISO found itself losing clients to competitors.

ISOs often refuse to do business with gun sellers, medical marijuana shops, pornography sites, bitcoin exchanges and mug-shot galleries — whether or not those businesses run afoul of the law.

Isis and Google have been very publicly testing their mobile wallets, exposing the developing technology to harsh scrutiny, and both companies say their hardships are about to pay off.

PayPal, having long ago charted the state-by-state regulatory waters for U.S. payments companies, is urging a reform to the rules in an effort that could ultimately help other players in its market.

In his Oct. 23, 2013, letter to the payments industry, the chairman and CEO of Heartland Payment Systems provides a compelling historical overview of the challenges faced by our industry some three decades ago.

BURLINGAME, Calif. -- If ISOs aren’t willing to transform their business models, they’ll become extinct in a payments industry bustling with aggressive, agile startups, a consultant says.

In 2012, more than 3,500 employees and family members took part in the 22nd annual Paint-a-Thon, making home and yard improvements for low-income, elderly and disabled homeowners.

The payments industry is facing pressure from outside companies that are toppling many preconceptions about how payments should work. But industry veterans are fighting back, and they shared their strategies at SourceMedia's 2013 ATM, Debit & Prepaid Forum.

LevelUp is launching a "connected app" technology that lets merchants tap into its mobile payment system for online commerce and a variety of other uses.

As the market for prepaid cards expands and diversifies, many companies are experimenting to see what works — and in the process, they are learning that a product-based mindset could hold them back.

Consumers continue to view their banks as a trusted payments provider, but they view PayPal Inc. as the nonbank to trust the most.

Paychex and Biz2Credit have teamed up to offer an online loan resource center that gives small-business owners access to capital from more than 1,200 lenders.

Let’s put a stop to criminal practices in our Industry — now!

As Fexco and First Data demonstrated their futuristic ATM concept, they emphasized that the bank is at the heart of the offering. And as Lamassu demonstrated a similar device for bitcoin users, a very different message came across.

OnBudget seeks to build customer retention for prepaid cards by incorporating personal financial management tools that digitize a budgeting system popular among consumers.