Payments

Citigroup has agreed to issue private-label credit cards for Wawa, a Mid-Atlantic convenience store chain.

Indra Financial Services has begun offering an IBM Watson-powered automatic expertise tool to its leading bank clients’ operations and sales teams.

Online food ordering platform Hungryhouse has expanded its payment offerings to include PayPal, Apple Pay and American Express.

As Uber-like business models perpetuate, bringing more contractors into a world where their job functions are handled primarily through a mobile app, there are still some pain points for which plastic is well suited.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including how postal banking could help low-income people in the U.S. and the continuing debate over interchange fees.

South Korean purchases via Samsung Pay have topped the equivalent of $30 million U.S. as of Sept. 20, according to the first figures released by Samsung.

Verifone has entered an agreement to use Barclays' Pingit mobile payment app as part of Verifone's PAYware Ocius mobile gateway. Initially, this deal will support only e-commerce sites but Barclays said the pair may bring the technology to the physical point of sale in a later phase.

Competition is heating up among mobile wallet makers, but not everyone is racing toward the same goal. Many are starting to look past Near Field Communication-based contactless payments, championing newer technologies as well as reviving older business models.

Canadian credit union cooperative Desjardins Group is offering mobile credit and debit card readers for small businesses.

The payments industry's next big challenge may be to get out of its own way and allow innovation to unfold in an open and collaborative manner.

The Faster Payments System in the U.K. and the New Payments Platform in Australia serve as excellent models to emulate, but it is not likely that the U.S. can create similar systems.

Once placed inside of payment cards, computer chips can catalyze uses well beyond merchant security, argues MasterCard's Carlos Cornejo, who adds the card network plans to expand card utility through the mix of chips and tablets.

One of the biggest changes in the last 45 years in U.S. payments systems happened recently, and it went unnoticed by major media.

Following the Federal Reserve Board's approval of enhancements to its automated clearing house service that will require financial institutions to process same-day payments, credit union trades expressed concern about the potential impact on small CUs.

Canadian credit union cooperative Desjardins Group is offering mobile credit and debit card readers for small businesses.

It's time for the Fed to stop giving deference to the banking industry and correct the industry's swipe fee increases on small-ticket transactions.

Retailers beware: Starbucks is changing consumers' expectations in mobile payments yet again.

The convenience store chain 7-Eleven will let consumers pay bills at its stores through an app from PayNearMe.

High fashion and contactless payments collided this week on the catwalk at the London Fashion Week event as Near Field Communication rings stole the show.

The U.S. restaurant industry is still challenged to fit EMV-chip card payments into an ordering and payment structure built around cash and magstripe cards. The vendor MyCheck sees this uncertainty as an opportunity to win restaurants over to its mobile payment system.