Payments

The best time to get someone to buy something is when they're actually discussing buying it, according to Teamchat CEO Beerud Sheth.

From mobile wallets to machine learning, from biometrics to Bitcoin, many examples of what the industry calls "emerging technology" have finally emerged. But change is happening slowly, as is usual in the complex financial services space.

USAA told customers it's dropping its partnership with MasterCard in favor of Visa.

Visa has introduced Visa Checkout, its online and digital wallet service, to Brazil.

Twitter Inc. Chief Executive Officer Jack Dorsey is giving a third of his Twitter stock to the company's employees, he said in a tweet Oct. 22.

Apple Pay debuted last year as an enabler for many banks that were itching to get involved with mobile payments. But a few banks were able to leap ahead of Apple Pay with their own technology.

Bluetooth beacons are gradually appearing in more stores, and some experts predict their use will grow more rapidly once the devices establish a strong link to payments and other vital retail systems.

The combination of location-based marketing and mobile wallets is relatively new territory for merchants and consumers, bringing these two parties so close together that they may start to overlap.

Capital One Financial in McLean, Va., rode growth in its flagship U.S. credit card business to stronger third-quarter earnings.

When Square created the market for mobile point of sale devices, Verifone got defensive. Today, with the rollout of its Engage platform, Verifone is going on the offense.

Stockholm-based Seamless will soon integrate Near Field Communication technology into SEQR, its mobile payment app that was originally designed around the use of QR codes.

Industry representatives are howling about the lack of consumer benefit from the Durbin amendment, but we still know very little about the impact of the debit fee cap.

Addressing the desire of small merchants that want a straightforward way to sell online, Square and Ecwid are partnering to synchronize sales and inventory between the physical and digital worlds.

In the wake of regulators conserving a credit union that allegedly was involved in a bitcoin money laundering operation, cryptocurrency companies are trying to demonstrate a commitment to cleaning house.

More than a mere buzzword, "omnichannel" is as close as the payments industry has come to assigning a name to the group of actions that make up a complete purchase across the retail store, Web and mobile devices.

WASHINGTON — After several false starts this year, the Senate is gearing up for a vote on a major cybersecurity bill backed by the banking industry.

European mobile point of sale company SumUp has brought its technology across the pond.

MasterCard plans to add its tokenization service to the MasterPass digital wallet to boost security for online and in-app purchasing.

Stockholm-based Seamless is threading currency exchange into its QR code-based mobile payment platform SEQR.

Profits at Discover Financial Services fell for the fourth consecutive quarter amid higher compliance expenses and rising funding costs.