Payments

JPMorgan is prototyping its own digital currency to be used for cross-border payments and, later, other purposes. Will banks find this a palatable alternative to today's most well-known options?

JPM Coin is not meant for consumer payments, but rather is a specific technology for a specific use case that the bank controls. Its value comes not from JPM Coin's appeal, but from JPMorgan's titanic wholesale payments business.

The time regulators take to decide on prospective deals has dropped sharply; a report says the cyberthieves were looking for info to help recruit spies.

With the opportunities provided by contributions, metered paywalls and single article purchases, we have a wealth of solutions already at our fingertips, argues Cosmin Ene, CEO of LaterPay.

While many public policy initiatives focus on the 1.7 billion “unbanked,” we rarely hear about the nearly 1 billion people who do have a bank account and a smartphone but have no credit card nor cross-border-enabled debit, writes Eric Rosenthal, managing director of the Americas at Rapyd.

If MoneyGram couldn't be taken under the wings of Ant Financial, which operates China's Alipay wallet, it is doing the next best thing.

It’s unusual for a seemingly healthy company’s website to implore its U.S. customers to seek out a competitor with less than a month's notice, but cross-border payment processor WorldFirst has done just that.

SendFriend has raised $1.7 million in a funding round to support the launch of its money transmission service for overseas Filipino workers to transfer U.S. dollars to the Philippines' pesos.

Western Union is in a "learning" phase as to how its digital advancements will connect with its physical locations, as well as what the Amazon partnership could lead to — and at least in this early stage, it appears to be succeeding.

With the backing of these establishments and Federal Deposit Insurance Corporation (FDIC) protections, the cloud of uncertainty surrounding cryptocurrencies will begin to lift, writes Eric Solis, founder and CEO of MovoCash.