Payments

Since romance frauds generate more than 10 times the money for scammers per event than other types of fraud, 2020 saw a substantial boost in the use of this tactic.

Some bank regulators are allowing companies that offer digital currencies to apply for a charter, potentially giving them a path to the Federal Reserve system without proper oversight.

JPMorgan Chase has hired former HSBC executive Jeremy Balkin as the new head of fintech and innovation for wholesale payments.

Payoneer is working with Mastercard to offer a new digital card for small businesses, e-commerce sellers and freelancers in the B2B market.

People open new accounts for a variety of purposes, often providing services banks don't provide, says FICO's Anna Hamilton.

The option to transact using Chase Pay will be removed from all merchant websites and apps by the end of the month.

Adtalem Global Education CEO Lisa W. Wardell has been elected to join the American Express board of directors and will join the board’s risk committee.

David Heun, associate editor of PaymentsSource, talks to Sara Hafner, head of financial partnerships at Forter, about how the growth of online shopping has raised the stakes for fraud prevention.

Customers and partners will view an easy and reliable payment experience favorably, says Billtrust's Justin Main.

As the lockdown subsided and stores began to re-open, the habits of the British shopper had changed, forcing banks and merchants to adjust.

Dwolla has appointed payments technology veteran Dave Glaser as the fintech's first president and chief operating officer.

Mobile banking platform provider N26 is expanding its rewards program through a partnership with card-linked offer platform provider Dosh, enabling customers to earn cash back when using an N26 debit card.

With the pandemic driving the need for contactless payment options in health care settings, RevSpring has extended its Deviceless Payments offering to include point-of-service payments — turning payments into mobile transactions and bypassing the need for point of sale terminals.

Like a lot of small restaurants, Ann Arbor's Zingerman's Deli saw its status as a social destination disappear at the start of the pandemic. The technology that helped it hang on will forge a new business model.

By removing friction and encouraging interoperability, deployment becomes easier, says Fime's Reza Rhamani Fard.

Government incentives and pandemic-fueled changes to habits create opportunities in the region.

Unlike most IT investments that become obsolete in a few years, AI's ability to "learn" makes it increasingly more valuable, says Silent Eight's John O'Neill.

The big box retailer is streamlining the way it integrates third-party sellers across multiple channels.

A government-backed digital transaction system will soon have private sector rivals, who will have an inside track to returns on massive investments.

With so many personally and financially impacted by COVID-19, consumers have made it clear that the way customers pay for goods or services can no longer follow a one-size-fits-all approach, says eBay's Alyssa Cutright.