Payments

DES MOINES – Payments processor TMG (formerly known as The Members Group) on Monday said its card-issuing partners grew their credit and debit portfolios by 15% in 2015.

Despite electronic payment innovations, cash is still the most efficient and simplest form of payment for low-value transactions.

ExxonMobil has expanded the rewards program on its store-branded credit cards, to provide a larger discount on fuel sales.

The marijuana industry is still hampered by its own banking crisis, but the rigidity of federal laws is not stopping all advances in financial services for the sector.

It's easier than ever for consumers to take out personal loans to pay down high-cost debt or fund big-ticket purchases, and two new studies show that they are taking full advantage of their options.

Barclays is reportedly informing customers that it is planning to post an update to its U.K. website and through Twitter to indicate when it will support Apple Pay.

The digitizing of payment transactions has become important enough at Visa and MasterCard to remain a top investment priority, even as the networks brace for the economic fallout of collapsing oil prices and volatile stock markets.

The rush to be a "one stop shop" for merchants by bundling mobile, Web and in-store payment technology is prompting many companies to join forces, resulting in several high-priced mergers and acquisitions in recent years.

Visa Inc., the world's largest payments network, said fiscal first-quarter profit rose 24 percent as consumer card spending increased.

Visa Inc., the world's largest payments network, said fiscal first-quarter profit rose 24 percent as consumer card spending increased.

Though most of the fanfare behind mobile wallets is around in-store contactless payments, consumers are cutting through the hype and devoting more of their attention to in-app payments.

The rush to be a "one stop" for merchants by bundling mobile, Web and in-store payment technology is proving to be a heavy lift, in terms of cash, resources and IT skills.

Discover Financial Services reported a slowdown in growth in its credit card business but vowed to take steps to reverse the trend.

PayPal Holdings Inc.’s fourth-quarter sales beat estimates, reassuring investors concerned about the company’s prospects as an independent company amid mounting competition from Apple Inc. and Square Inc.

Twitter's move to pluck American Express' top exec for digital partnerships as the social media network's first marketing chief was more than an executive reshuffle—it signals a new strategic direction for Twitter to double down on in-app e-commerce, some observers say.

Apple Inc. measured a strong pickup in mobile payments during the last six months of 2015, CEO Tim Cook said on Jan. 26 during a discussion about the company’s results from the final quarter of the year.

Fintech companies are threatening banks on many fronts, but it is in peer-to-peer payments that banks may be most at risk of being reduced to "dumb pipes."

Verifone, which is challenged to move beyond its reliance on selling traditional payments hardware, is producing an almost dizzying array of products in hopes of diversifying.

Capital One Financial's fourth-quarter profit fell short of projections as the McLean, Va., company boosted its reserves in anticipation of higher loan losses.

Samaha Associates, a consulting group for financial institutions, announced that Fort Bragg Federal Credit Union and SkyOne Federal Credit Union sought out its services to find a way to ensure that their respective electronic funds transfer (EFT) systems are optimized, efficient and meet regulatory standards.