Payment processing

If cryptocurrency is going to meaningfully disrupt international payments and trade finance, then it must integrate with the international trade process in a relatively frictionless way, says Stasis' Gregory Klumov.

The challenge is to digitize digital currency rewards in such a way where a retailer could issue its own token, and that token could be used at a multitude of retailers, says cryptocurrency lawyer Felix Shipkevich.

China dominates the business. Facebook's proposed cryptocurrency could help alter the balance of power.

Faster and real-time payments are finding more and more use cases, but the razor-thin transaction windows are alluring to fraudsters who want to make a swift getaway with stolen funds.

The lack of coordination may be due to functional and cultural differences, or the effect of technology silos, says Nvoicepay's Josh Cyphers.

If the Fed's new service doesn't effectively prevent existing types of fraud, we might even see fraud increase thanks to the instant payments concept, says Chargeback 911's Monica Eaton-Cardone.

Isolationist politics are creeping closer to the payments industry, with European banks threatening to build a localized payment ecosystem to push back against the major American card brands.

Firms often say they’ll increase conversion rates and offer discounts, but the reality is more complicated, contends 2Checkout’s Erich Litch.

American Express is integrating its virtual cards with Coupa Pay's corporate business spending platform for clients in the U.K and Australia by the end of 2019, with plans to extend the service in the U.S. in mid-2020.

By using host card emulation, issuers can gain more control over their own mobile payment apps, says FIME's Christian Damour.

To lay the groundwork for future success, retailers need to create a digital currency strategy. Most retailers and online brands are aware they need a digital currency plan but don't know where to start the process, says cryptocurrency lawyer Felix Shipkevich.

A payments platform created by India’s largest retail banks surpassed a billion transactions in October, a milestone that affirms the tremendous growth of services offered by U.S. giants from Walmart Inc. to Amazon.com Inc. and Google.

APIs have opened a window for banks to capture a greater share of business payments, leading JPMorgan Chase to seek partners for faster results.

AI can be utilized for back-office efficiencies like conducting compliance tasks and automating manual, paper-based processes. This redirects resources and human capital in a way that is likely to increase productivity, says Episode Six's John Mitchell.

Readers react to Sen. Warren's plan to weed out Washington corruption, Facebook CEO Mark Zuckerberg's testimony before Congress, restricting the Federal Reserve's proposed real-time payments system and more.

Revenue growth, especially at scale, is never an accident, and requires a different approach to payments management, says Chargebee's Krish Subramanian.

While sophisticated computer algorithms are increasingly used in the fight against fraud, criminals are still exploiting various loopholes to access consumer card and bank details, particularly for those opening new accounts.

Banks and smaller businesses are simply not ready, says SmartTrade App's Kent Vorland.

Dave & Buster’s will introduce mobile payments technology to its self-service kiosks dispensing game cards at the North American restaurant chain that combines dining with video games and other entertainment.

In launching a new international account for its business clients, Starling Bank is converting the bank's debit card to support payments in either pounds or euros.