Payment processing

As any stressed-out parent knows, kids can be quite bad at communicating what they need for school. Bursari has added a software development kit to improve its ability to accept and process one-time and recurring payments to schools through a variety of means.

Beyond overall tax cuts, there's also potential benefits for investors in fintech and payments innovation, writes Rick Lazio, former Republican Representative from New York and current senior vice president at alliantgroup.

As the banking industry moves closer to adopting a faster payments system, bank executives have begun to think through the impact it will have on clients and banks themselves.

Canada's payments modernization initiative is using a distributed ledger to expedite processing across a nationwide network, providing scale that could open the technology to wider use elsewhere if successful.

The advent of blockchain technology may prove to be disruptive to traditional credit reporting agencies by decentralizing data aggregation and allowing consumers to take ownership of their data through a personalized wallet they could share with prospective lenders, writes Alexander Koles, CEO, founder and managing director of Evolve Capital Partners.

Credit unions based in California, Michigan, Illinois and South Carolina have rejoined the CUSO’s fold.

This week's first transaction over The Clearing House's Real-Time Payments system may be a huge step for speeding up payments in the U.S., but it also highlights the long road still ahead.

The system went live Monday with a real-time transaction between BNY Mellon and U.S. Bank. Those banks will soon be joined on the network by Citi, JPMorgan, PNC and SunTrust, which together represent the financial industry’s earliest adopters of RTP.

Bipartisan proposal would remove the SIFI label from more than two dozen banks; European regulator cautions investors on the risks as bitcoin price plunges.

Viewpoint's Henry Ferguson has heard the arguments against digitization firsthand, when checking with advisers who take the temperature of people in the construction industry.

It is important to have the right layers of security in place, ideally those that evaluate passive and behavioral biometrics, as they are proving to be the most reliable, writes Robert Capps, authentication strategist and vice president of NuData Security.

As the banking industry moves closer to adopting a faster payments system, bank executives have begun to think through the impact it will have on clients and banks themselves.

Sweden's Klarna made its mark with a pay-later model for e-commerce shopping that’s spread to other European countries and the U.S., and now it’s piloting the same concept for in-store purchases.

Tablet point of sale solutions provide mobile pay benefits while helping merchants provide new experiences for their customers, create additional touchpoints, and accept all forms of electronic payment, including magstripe, EMV and NFC/contactless writes Ben Wagner, director of solutions at Ingenico Group, North America.

Square Inc. reported earnings that exceeded analysts’ expectations and raised its full-year forecast, bolstered by larger merchants that are increasingly using its platform for payment transactions and buying business software services.

When Karim Ahmad arrived at TSYS last year as the new head of global product and innovation, he found a stolid company that still housed its data on the mainframe and was woefully out of step with the new era of digital payments.

New payments systems will allow everyday financial tasks such as paying bills, issuing invoices, making payroll, or settling insurance claims to be easier, faster, safer, and more efficient, writes Jim Aramanda, president and CEO of The Clearing House Association and Payments Company.

Revolut, the London-based financial technology startup that’s raised more than $86 million in venture capital, said it’s applying for a European banking license to broaden the portfolio of services it offers customers.

In the U.S., Visa Direct has emerged as one of the few go-to tools for fast payments in a market that is overdue for such options. The product's true test begins now, as Visa launches it in Europe, where faster payments options are far more plentiful.

While the Consumer Financial Protection Bureau was careful to note that the principles were not binding, the industry should still adopt the guidelines going forward.