Payments

Segpay's employees returned to their Florida desks nearly two years ago. Oregon-based Umpqua Bank has permanently adopted a hybrid approach. Both strategies are succeeding, executives at the companies say.

Mastercard has begun to trial a biometric payment system for brick-and-mortar stores, using facial recognition rather than contactless cards, smartphones or memorable PINs.

Consumers are still the driving force of payments innovation — even in business use cases, according to honorees from this year’s Most Influential Women in Payments who spoke at American Banker’s Payments Forum.

The point-of-sale lender is teaming up with Fiserv to streamline its onboarding process for merchants. It's part of Affirm's effort to differentiate itself as more banks and fintechs enter the highly competitive buy now/pay later market.

The BNPL fintech's new Debit+ card, which allows consumers to split purchases within 24 hours, is popular for buying food. Experts worry that this use case may prove more rotten than fruitful for lenders.

Paul Stoddart joins the U.K. company at a crucial time. A specialist in account-to-account transfers, GoCardless sees an opportunity to capitalize on friction over interchange rates.

The credit card provider is one of only a few fintechs around the world to have female CTO.

Star Alliance — the largest of the three global airline groups — is planning to offer a co-branded credit card that will allow cardholders to redeem points across all 26 members.

The buy now/pay later provider Klarna Bank is pushing further into the retail industry by offering traditional stores a platform to stream and video-chat with online customers.

The tech giant abandoned the Google Wallet brand years ago as it refined its mobile payment strategy. The 11-year-old brand now returns as a means to store vaccine cards, event tickets and more.

Deserve, a credit card technology startup, said it secured a $250 million credit facility from banks led by Goldman Sachs Group. 

Remittances to war-ravaged Ukraine are forecast to jump by over 20% this year to a record, even as those to fellow former Soviet republics in Central Asia will likely fall “dramatically” given Russia is their main source.

In global news this week, the U.K. debates a plan to protect cash, the EU sets a timeline for its Digital Markets Acts, PayPal and Standard Chartered invest overseas, and more.

The card company and financial institutions are collaborating with cross-border settlement platform Carbonplace to improve processing and risk management for environmentally-focused transactions.

Card issuers have pushed for more direct access to iPhones for years, and with the tech giant's policies facing fresh political and legal heat, Wells Fargo exec Ukrike Guigui says a more open mobile payment market would benefit merchants and consumers.

Twenty companies have joined the “Visa Ready” list of suppliers offering streamlined connections to installment loans online and at the point of sale.

On Dec. 31, 2021. Dollars in thousands.

The standards body's new guidance would prevent vendors from managing multiple protocols in different countries.

The bank is working with invoicing vendor IFG to simplify the process of paying multiple suppliers.