Payment processing

Grupo Coppel and Insikt, an online lender, would appear to be cut from different cloth, but they share an expertise in providing credit to working-class, largely Hispanic consumers. The retail conglomerate also operates 1,000 bank branches in Mexico, mixing banking and commerce in a way that U.S. regulators have not allowed.

The case for real-time payments isn’t just about instant gratification. Truncating settlement times has enormous benefits to FIs, businesses and even governments.

Banks and fintechs are competing heavily to modernize cross-border payments, and Citi is using its upgraded treasury unit to add speed to its own international cross-border digital payments capabilities in more than 60 countries.

For merchants, a processor that’s a tad better, a bit more comprehensive, can make an enormous difference, writes Eric Grover, a principal at Intrepid Ventures.

Payment Rails is putting a tight focus on the emerging area of “influencer marketing,” where global brands are spreading money among individuals who use social media to promote products.

In the new role, Kenneth Montgomery will lead the Fed’s efforts to reduce fraud risk and improve the security and resiliency of the U.S. payments system

The concept is designed to free up workers to produce food and serve customers instead of handling payments.

Kenneth Montgomery will chair the Secure Payments Task Force, which is made up of more than 200 industry stakeholders who are working on a faster payment system in the U.S.

Card usage drops off fast after a false positive. In many cases, two false positives cause consumers to abandon a card permanently.

Airlink's knowledge of the local market and relationships with banks, acquirers and large merchants in region will help the Paris-based Ingenico grow in Taiwan and strengthen its position in Northeast Asia.

The collaboration gives Worldpay another e-commerce tool to battle Amazon's encroachment into traditional retail.

Innovative companies are working on ways to instantaneously convert cryptocurrency into the currency accepted by the merchant, writes Vladimir Gorbunov, COO and co-founder of Crypterium.

A revamped site features a new investor page with updated company news and financial and stock information.

Empow's security platform, integrated into a company's network through APIs or by routing data to empow, breaks down the individual components of a security tool to create an "abstracted new layer" that talks to a set of artificial intelligence algorithms.

The U.K. challenger bank appeals to its customers to use a debit top up sparingly and for “last minute emergencies” since this feature will cost them around $30 per customer each year due to processing fees.

The deal will help First Data compete in the fast-growing "integrated payments" space as payment processors race to diversify products, markets and technology.

Mastercard Inc. will hire 470 people as the world’s second-largest payments network expands its technology hub in New York City.

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.