Payments

The Automated Clearing House is too expensive and complex to provide faster payments for smaller banks and businesses, claims Dwolla, which contends its open system is a better option for those market segments.

CHICAGO — First-generation mobile wallets found themselves in an "unfair fight" against the likes of Starbucks and its branded mobile pay and loyalty system, forcing Google to rethink how it would position Android Pay, Google executive Jack Connors said.

U.K. consumers have been able to "tap & pay" with their contactless cards for nearly eight years now.

PayPal is targeting what it estimates to be a $51 billion global market for small debts owed between friends and family members, enabling consumers to set up their own URL to collect payments.

A data breach-related court case involving Wyndham hotels and new Defense Department rules governing contractors provide banks some dos and don'ts in bringing vendors' security practices into line.

As Samsung Pay’s Sept. 28 launch date nears, industry analysts and credit unions alike have measured expectations due to uncertainty surrounding the platform it will use.

Competition among e-commerce payment gateway providers in Australia has heated up, as key companies have had more than a year to get footing in a country increasingly adapting to new payments technology.

Swedish payments startup iZettle AB has raised 60 million euros ($67 million) to expand in Europe and fund a plan to offer merchants cash advances on future card sales.

London-based mobile point of sale provider SumUp has received 10 million euros [$11.2 million U.S.] in funding from investors, including American Express, Groupon and BBVA Ventures.

Application programming interfaces (APIs) have driven a technology revolution for small businesses that use the open development tools to add payments to e-commerce sites.

The smartphone can add significant security to payments, but it is also a tool that fraudsters can exploit. Researchers and scammers have already found several unique attacks that rely on mobile devices.

The "buy buttons" that are popping up on social media platforms are intentionally simple, often meant to enable one-click purchases of individual products. But as the technology's popularity grows, so must its capabilities.

PayPal Holdings Inc. is increasing prices for thousands of small businesses as the company looks to maintain revenue growth and boost profit margins as a stand- alone business separate from EBay Inc.

European mobile point of sale gateway provider payworks will offer its service through Miura Systems' EMV and Near Field Communication mobile terminals.

Hackers can already take control of a car. And as vehicles become rolling shopping malls, cybercriminals will have an opportunity to snatch your identity, too.

Fidelity Investments is considering dropping American Express and Bank of America to find new partners and better terms for one of the top-rated cash-back credit cards in the U.S., according to people with knowledge of the matter.

Dylan Richard was the lead engineer for President Obama's reelection campaign, where the use of unstructured "social data" forever changed how presidential win the support of their constituents. Four years later, he's one of PayPal's newest recruits.

Electronic multi-card device maker Coin has added technology to enable contactless payments at some retail locations.

MasterCard will offer its mobile payment system at the PGA Tour golf event in New Jersey that starts on Aug. 27.

Loyalty programs have often been considered a key motivator to shift consumers to mobile payments and away from cash and cards. But few companies have actually blended mobile with loyalty in a compelling way.