Economy

FreedomPay has hired Rodney Bowen-Wright, a former Microsoft venture capital specialist, to be its chief business development officer.

QR codes, the two-dimensional bar codes used in many mobile wallets, are easy to deploy but can vary in their level of security.

Total System Services, having completed its purchase of the prepaid card marketer NetSpend, has raised its full-year earnings guidance.

LendProtect announced Tuesday a partnership with Yodlee Interactive to create a new service designed to offer U.K. lenders a 90-day view of their prospective customers' bank account data, including deposits and payments.

Our model must change to reduce embedded friction, whether in the form of fees or complicated processes. We must keep up with the simplicity, usability and transparency customers now demand.

Online sales of goods between countries will almost triple over the next five years as more people shop on the Web and merchants seek consumers across globe, a study commissioned by eBay Inc.'s PayPal found.

Shopkick now allows consumers to make purchases directly from its mobile app, which rewards consumers for visiting its merchant clients in-person.

Check, a mobile financial management and bill payment provider, is working with the Desert Water Agency in Palm Springs, Calif., to allow residents to pay their utility bills from its smartphone app.

Independent sales organizations can expect business to continue as usual with First Data Corp. despite new faces in top management at the Atlanta-based transaction processor.

The Affordable Care Act's individual mandate will hasten individual responsibility for health care procurement and payments, making mobile apps increasingly important.

ISOs can expect business as usual with First Data Corp. despite new faces in top management at the Atlanta-based transaction processor.

Banks must throw away their traditional thinking and acting like the newcomers in the business.

Nonbank lenders are analyzing reams of data to help decide if they should make short-term loans to cash-strapped consumers who don't qualify for mainstream credit.

Identity management and trust in the online world may be the new business of banking.

The startup scene offers a glimpse into what the future of banking services will look like.

The bank of the future is a humanizing bank, where the focus is on relationships, intimacy, depth, and human connection – supported by technology.

Above all else, independent sales organizations and sales agents should make sure their residual payments never end.

TouchSuite says the cloud is the perfect place for salon owners to operate their point of sale systems.

Eat24.com has developed a new point of sale terminal and restaurant management system it intends to offer for free to help clients handle online food orders.

The PayVest event in New York, presented by PaymentsSource, American Banker and NYPAY, brought together many key players in emerging payments and technology. Many of them are taking different paths to the future.