Mobile payments

To keep up with the fast-moving payments industry and avoid damaging their own bottom line, it’s time for merchants to start paying attention, writes Todd Linden, CEO of payment processing for North America at Paysafe.

This year, as PaymentsSource honors The Most Influential Women in Payments, a new pattern has emerged. This year's list recognizes the contributions of entrepreneurs who took their ideas directly to market, showcasing new ways of handling business in an industry that is forced to quickly adapt to rapid changes in technology and global culture.

deVere Group has added "Companion Accounts," which is designed to remove fees and enable shopping and expense management for relatives and companions that are in other countries, such as students or spouses.

WorldRemit's ambitious goals for its U.S. payment operations say a lot about how immigrants here are changing as customers — they’re digitally savvy, connected and mobile-ready.

Ant Financial’s Alipay is working with the Canadian payments processor Motion Pay Technology to push Ant's geographic reach in North America.

Though the Merchant Customer Exchange failed to deliver a consumer-facing mobile wallet for its mega-retailer backers, Buy It Mobility Networks (BIM) says the underlying technology it provided is still sound.

The Amazon Go store isn't just reinventing retail; the company's recent acquisitions of Ring and Blink indicate Amazon wants to reproduce its model of camera-fueled commerce in consumers' homes.

After stubbing its toe in Norway, Denmark's Danske Bank is seeking Finnish bank partners to help boost its MobilePay service as a payment method at nearly one thousand S Group grocery stores.

Wirecard is aggressively pursuing bank partnerships to diversify its offerings and address global trends in payroll and other transaction types.

As mobile technology improves and PayPal's in-store network gets larger, it is looking for more customized options to engage consumers.

OEM and other mobile payments can feed sales, marketing and recurring transactions for lenders, according to Steve Yi, co-founder and CEO of MediaAlpha.

Even before PayPal and eBay split, their relationship wasn't perfect. PayPal may have seemed like a service that was destined to fuel sales for eBay in the early days of e-commerce, but even after the companies merged they found occasional reasons for conflict.

Even in 2018, when mobile commerce and mobile point of sale are commonplace, fintechs are able to find plenty of niches stuck in the past.

The internet giant, SunTrust, Ally and other backers have invested $16 million in a new funding round for Greenlight Financial Technology, further blurring the lines between banks and tech companies.

Rambus has provided the data technology under the hood of Nintendo and PlayStation games since the 1990s, and later became a global token service provider. The next logical progression is mobile payments.

The rudimentary email pre-orders at Grossman's stores were helpful, but limiting in that it still focused on a one-on-one interaction with the customer. Grossman has since implemented technology that allows multiple customers to submit a single order.

The Olympics draw together fans from around the globe to cheer on their fellow citizens, and having such a diverse group of people in one spot can inspire companies to experiment with cutting-edge technologies.

As much as payment companies love to talk about opening up their platforms, there's definite room for improvement.

Erminia Johannson's promotion is part of an effort by BMO Financial to generate more revenue from its U.S. operations.

R&D capabilities at Interac got a boost last month when Interac Corp. was created by merging Interac Association and Acxys Corp. It brought together a payments network handling nearly 5.7 billion debit transactions annually with a company specializing in payments development, management and consultation.