Payments

Nobody enjoys the experience of making a payment — so a growing number of companies are likely to follow Uber's lead and make transactions so easy they're practically invisible. That means banks will have to ramp up their efforts to become customers' default cards.

Apple Inc. showed how to combine biometrics and tokenization in a mainstream product, and now companies of all sizes are working to build on this combination.

The credit union-led CU Wallet is working to attract small-business support by drawing on the local ethos that credit unions have nurtured for years, but it faces a formidable challenge as device makers such as Apple and Samsung bake their own wallets into the hardware.

Citibank has joined a growing list of banks and vendors that have paid a stiff penalty for allegedly using deceptive marketing and billing tactics in selling credit card add-on products. It agreed to pay $770 million in fines and restitution charges, falling just short of a record fine issued last year.

Two companies have partnered to serve the rapidly expanding mobile personal finance and remittance markets in Africa and Asia.

Citigroup is facing $770 million in charges after two federal regulators said the megabank engaged in deceptive marketing and unfair billing practices related to its credit card add-on products.

Global e-commerce and payment solutions provider Mozido has acquired a majority of NettCash, a Zimbabwe-based mobile wallet provider, to strengthen its foothold in Africa.

For the first time, physical goods are the most purchased items on mobile devices, according to a recent report from Javelin Strategy and Research. But the bigger takeaway is what this means for bringing mobile payments into other channels.

First Data is looking to sell shares of its stock to address its "indebtedness," the company announced Monday.

NCR has launched a new tablet-based point-of-sale device aimed at minimizing security risks for the merchants that use it.

Toronto's mass transit system is embarking on a mobile ticketing initiative that the system's operators hope will become the dominant payment system within three years — a time frame that demonstrates how hard it is to migrate to new payment technology.

Independent sales organizations are facing an age-old question that has confronted teenagers for centuries: What are they going to do with their future?

M&T, PNC, SunTrust and other regionals reported strong fee growth thanks to inroads they have made in investment banking, wealth management and other areas. It couldn't have come at a better time for them.

E-commerce fraud management platform provider Ethoca has raised $45 million in investment after significant growth last year.

Samsung has begun piloting its mobile payment system in South Korea, the first step in a gradual rollout of a system that's designed to play nice with retailers' older point of sale systems.

Major tech companies are building payment capabilities into their mobile apps, social networks and other offerings. These projects coincide with a rise in mobile commerce, potentially creating a new standard for how consumers shop.

First Niagara Financial Group in Buffalo, N.Y. has hired Peggy Yankovich to lead the commercial card and payments business of its treasury management group. Yankovich had been the global head of corporate cards, global payments & cash management at HSBC.

As PayPal sets to formally split from eBay on July 20, President and CEO Dan Schulman is setting a goal to vastly increase how often consumers use PayPal.

When a restaurant chain's senior marketing manager ran a location-based offer trial this summer, she was quite surprised to see a mobile conversion rate that topped 45% — which meant that almost one out of every two consumers who were pinged by the chain's mobile app drove to the store and made a purchase.

Google is firming up plans for a feature that allows consumers to buy products directly from a retailer's ad on a mobile phone, part of a Silicon Valley-driven trend that would place card issuers at a disadvantage.