Payment processing

The China-based payments company has long sought to enter the U.S. market.

The technology behind bitcoin has almost endless use cases.

The two companies hope to reduce paper checks and speed processing by removing navigation for claims processing.

In a world filled with a growing number of options for instant and same-day payments, the paper check still holds strong as a barrier to innovation. But it could also be a sign of opportunity.

PayPal Holdings Inc. said it will make more money in coming years than previously expected, easing concern that recent deals with credit card companies would suppress earnings.

Fifth Third Bancorp reported higher third-quarter profit on the termination of tax receivables from its Vantiv payments subsidiary and several other one-time items.

The fact that the number of cybersecurity incidents affecting companies is rising at an alarming rate year over year hardly raises eyebrows anymore.

JetPay has received a fresh round of funding from payments industry veteran Larry Stone, who is joining the company’s board.

Mastercard's $924 million buy of VocaLink was the highest value acquisition in the payments industry during the third quarter.

Longtime Amex exec Alfred F. Kelly Jr. will be taking over as Visa CEO at a time when much is at stake for the global card network.

Restaurants are already busy adjusting to consumer trends toward mobile payments and a rough transition to EMV payments. But there's also a back office payment problem with slow, costly paper checks and invoices for payments to restaurant vendors and suppliers.

CHICAGO -- At some point, the Federal Reserve Bank's three-year journey to create a faster payments system in the U.S. will run head long into one of its major challenges -- making sure it can operate within all networks.

Arguably the biggest shift was that of Avid Modjtabai, the head of consumer lending, who has been named chief of the new payments group focused on digital and online offerings, investments in research and development and strategic partnerships.

As more merchants worry about EMV card slowdowns ahead of the holiday shopping season—when bottlenecks at checkout points could lead to many lost sales—more companies are coming up with their own ways to slash EMV payment times.

Harley Financial Services has launched business payments software HarleyPay for its merchant clients through provider linked2pay's Bank Centric Payments platform.

Visa Inc., MasterCard Inc. and American Express Co. lost an early round of a lawsuit alleging they colluded to pin liability for fraudulent transactions on merchants who didn’t meet a chip-reading technology deadline.

Costco Wholesale Corp. reported fourth-quarter earnings that beat analysts’ estimates, even as falling grocery prices cut into its sales growth.

After several years of a sharp decline in B-to-B check payments, in the last year or so the trend has begun to level off, the latest AFP data suggests.

For merchants still on the fence about whether to buy Square Inc.’s $49 contactless card reader, there’s a new enticement to consider: Square has sped up the time it takes to accept EMV cards by 1.5 seconds.

IBM and UnionPay, China’s transfer, settlement and clearing network, have created a client-focused business platform on which banks can integrate and share reward points programs.