Payments

Firms like Oracle and Billtrust are betting companies with smaller, more remote teams will adopt digital transaction systems to ease the burden of paying their vendors.

The Canadian fintech is collaborating with PayPal to power the firm's technology that merchants can place anywhere — from blogs to product packaging — to enable purchases.

Early Warning Services, owner of the Zelle peer-to-peer payment app, has tapped former Mastercard executive James Anderson as managing director of the online digital wallet the bank-owned consortium is developing.

Most U.S. consumers have used a peer-to-peer payments app like Zelle, Cash App, Venmo or Apple Cash, while 12% of frequent users admit they sent funds to the wrong party and 9% said they've been victimized by a scam, according to a Consumer Reports study of top P2P apps.

Not every shopper wants to charge the same card every time — but many do. Retailers like Adorama and Nordstrom, and payment companies like PayPal, are digging into their data to determine when an invisible payment is the best option for a customer, and when it's a pain point.

Early Warning Services plans to create a retail payment option for its peer-to-peer system. Experts say it's a long shot, but it could displace Apple, PayPal and others if successful.

Credit cards with rewards are rewarding only for those who know how to profit from the system, according to a paper released by the Federal Reserve.

The more that stores reinvent the physical point of sale — or remove it entirely — the more they gather insights that go beyond just the payment. This can be extremely valuable to retailers that know how to use this new information, particularly for targeted marketing.

More than half of all cross-border payment fees are concealed in exchange rate markups that few consumers understand.

A new paper from the Federal Reserve Bank of Boston finds Blacks and low-income consumers absorb a larger share of bank account and credit card fees than other groups.