Payments

Incumbent banks’ market position is underpinned by strong consumer trust and massive scale, but these historic advantages can no longer be taken for granted, Simon Wilson of Icon Solutions writes.

Technology is moving forward at a pace that could push real-time payments into new settings in the near future, with several countries already using systems that could become models for the U.S.

Visa and Mastercard are facing fresh opposition from U.S. retailers in a long-running legal fight over the fees merchants pay each time consumers swipe their credit or debit card at checkout.

Michael Moeser, senior analyst at PaymentsSource, talks to Marcy Campbell, vice president of digital in-store commerce and global professional services at PayPal, about how payments will change as more consumers return to stores.

Visa has expanded its push payments platform to enable businesses and their customers to make real-time domestic and cross-border payments.

The move toward a cashless economy in China reveals a boom in actionable data, says Azoya USA's Franklin Chu.

The minor league team is opening a new stadium and year-round market with checkout-free concessions, part of a broader trend at sports facilities to dump paper, plastic and lines.

Payments technology has advanced quickly in the past decade because newcomers in the industry have operated fully, or at least partially, in the cloud.

Bradley Riss is chief commercial officer at Checkout.com, a firm that acts as a payment gateway, acquirer and processor through a single channel, covering cards, passthrough wallets, stored value wallets and alternative payment options such as point of sale credit. It charges a fee based on processing and card payment costs rather than the percentage+ model that most payment API companies charge. The model is designed to make the service customized to different merchants and serve as a base to offer other merchant products.

The country has lots of smartphones, few plastic cards, and it's just starting to get rid of cash.