Economy

PayPal's building its move into physical stores brick by brick, and its processing partnership with TSYS is one of its largest moves to date, threatening to grab payments business away from card-issuing banks.

The personal financial management platform has been grooming select early-stage companies for 16 months. Now, it’s providing more services to entrepreneurs through its incubator program.

Danish mobile point of sale provider Wallmob is introducing a new tablet stand to a payments market where technology is heavily influenced by the card companies that dominate the region.

Facebook shocked the payments industry during its IPO when it revealed it already got 15% of its revenue from payments. The social network has also proven a fertile ground to other companies that have figured out how to incorporate Facebook's platform into their own offerings.

Two former bank executives are starting a group that will test new ideas for the financial services industry, which has struggled to cope with its digital transformation.

Recognition by a market-based standards organization such as ISO, in the form of a three-letter code, would set the stage for increasing market depth and liquidity of bitcoin trading – in turn facilitating overall consumer and merchant adoption.

UniRush is finding that the audience for prepaid cards is going well beyond the underbanked. The company, which offers the prepaid RushCard, is responding with a new approach to better appeal to this new audience.

Fintech startups, like many young software companies, are using fun recruiting strategies to attract most-coveted technical talent to their teams and to engage people with their brands.

When an ISO was trying to help a San Diego-based online merchant learn more about its clientele, it came as a complete surprise that the business’ best customers were in from Minnesota.

Policymakers and law enforcement should work with the Bitcoin community to realize the potential benefits of censorship-resistant money—and to develop tools and techniques to address the technology’s potential misuse.

As the Federal Trade Commission continues what it describes as an "ongoing crackdown on payment processors" allegedly engaged in fraudulent or deceptive practices, the merchant acquiring industry is ratcheting up efforts to respond to the ongoing enforcement actions and proactively address future oversight.

Since becoming CEO of U.K.-based VocaLink last year, David Yates has launched a separate mobile payments unit while keeping the processor focused on speeding up payments throughout Europe.

Schools are increasingly relying on digital payments for the cafeteria and activities — a trend that is proving to be fertile ground for payments technology as frantic parents seek ways to keep their kids properly fed and supplied for their education.

Facebook’s new mobile checkout initiative brings heft to the power of social data in areas such as advertising and payments risk, and aims to improve the user experience on mobile apps.

Bank Leumi will host tech entrepreneurs from its home country for a month-long mentoring program in New York, joining other banks in soliciting new digital ideas from outside their organizations.

From California to New York, state regulators have been clamping down on payments industry innovators, forcing some out of business and discouraging others from even entering the market. That raises the question of whether antiquated statutes and ways of thinking have become an impediment to one of the banking industry's most promising growth businesses.

ISOs can protect themselves from lawsuits and regulatory action by establishing uniform, documented sales training programs that follow sales-ethics practices, a sales-training consultant says.

A federal judge on Wednesday denied a Federal Trade Commission motion for a temporary restraining order that would have shut down Merchant Services Direct LLC, a Spokane Valley, Wash.-based ISO.

The company behind the German mobile payments app GO4Q has had a busy — and challenging — summer, adding payments for taxi drivers, golf courses and beer gardens.

Florida regulators have fined the payments startup Square $507,000 for operating in the state without a money transmitter license.