Payments

Cubic Corp is trying to boost transit ridership by allowing rewards earned via mobile payment usage to offset the cost of fares.

PayPal reported strong growth in revenues, earnings, payments volume and users, demonstrating as the company has finally transitioned away from the vestiges of its former eBay ownership.

Competition between hundreds of national and global payment systems forces everybody to continually adapt, up their games, culling weaker and underperforming systems and inviting the search for better mouse traps, says Intrepid Ventures' Eric Grover.

Given the Super Bowl's large audience of consumers and the ability to sway their future spending habits, businesses spend millions of dollars for the opportunity to air a 30-second TV commercial.

The card networks' single "click to pay" button — an implementation of Secure Remote Commerce — is drawing some negative attention from merchant groups and independent networks that see it as a way to steal volume from alternative payment providers.

Payment industry players are expected to present testimony on Capitol Hill before a House financial technology task force on Thursday that’s weighing a bill to prohibit stores from refusing to accept cash.

The Wall Street bank aims to double consumer deposits and triple outstanding consumer loans in five years. A checking account is slated for 2021, and more cobranded credit cards could be coming.

The town’s 5,400 residents will be able to settle bills for taxes and other government services such as work permits using the cryptocurrency, Mayor Romy Biner-Hauser said.

Digital receipts and rewards startup Flux has been gaining ground with retailers and challenger banks, and had continued the momentum by attracting investment from Barclays.

While touting iPhone 11 as a big hit with consumers because of its various features and high-quality camera, Apple CEO Tim Cook also pointed to Apple Card as a reason the company's newest smartphone sold so well during the holidays.

If consumers suddenly change bill pay habits, many processing systems and third party collectors will be overtaxed, says Alorica's Jay King.

A generation of Americans who were entering adolescence when the financial crisis struck is showing little fear of debt.

Starbucks has invested heavily in building its business and payment technology in China, so the coronavirus weighs on an otherwise strong strong earnings performance.

There is another phase of development for digital currency, waiting to take the spotlight — and it may not be driven by banks.

Costs to maintain ticketing systems are jumping for metro systems, but there's still a lack of standardized open-loop options, says Fime's Alex Chen and Angaj Bhadari.

Seeking a way to boost Spain's fintech sector, CaixaBank is partnering with global startup Plug and Play to promote collaboration for new banking, payments and insurance services.

Alternative lending companies are one of the strongest examples of how leveraging rich financial transaction data can be used to go beyond traditional credit risk assessments, says Finsync's Eddie Davis.

As an early adopter of e-commerce in the 1990s, 1-800-Flowers.com is pushing the envelope again with 3-D and augmented reality technologies to sell floral arrangements with new payment options, including Venmo.

Rellevate, a startup founded by former Western Union executive Stewart Stockdale, is forming a digital bank designed for people who make $10 to $25 per hour and live paycheck to paycheck.

The bank was one of the first users of The Clearing House's RTP network. Andrew Haskell explains how faster payments are helping the bank and its clients.