Payments

Starbucks and American Express are both using cross-merchant rewards to boost their own volume, but with a very different philosophy driving each company's program.

Person-to-person payments have been delivering huge improvements around the globe in areas where cash is difficult to use. But in countries where cash suffers little hardship—including the U.S., the U.K. and Canada—the P2P business case is very different.

Square Inc., the mobile-payments company founded and led by Jack Dorsey, the interim chief executive officer of Twitter Inc., filed confidentially for an initial public offering, people with knowledge of the matter said.

If the decision by the New York appeals court is upheld, banks and other lenders could have trouble finding buyers for credit card and other consumer loans.

Protecting payment card data is a never-ending struggle, and the fraudsters are only getting more creative. So far this year several incidents and studies have demonstrated the evolving nature of cybercrime.

After almost three years in development, the retail industry's answer to Apple Pay is finally getting off the ground.

PayPal's gotten off to a rousing start as an independent company, but Visa CEO Charlie Scharf doesn't appear to be worried.

Loyalty programs are typically viewed as a consumer-facing marketing play, but the shift to mobile commerce is bringing these programs deeper into the supply chain.

Starbucks now handles nearly nine million mobile transactions each week in its U.S. stores, representing 20% of sales and more than double the figure it reported two years ago.

JPMorgan Chase has renewed a partnership to offer co-branded credit cards with Southwest Airlines.

Tough competition for loans and ever-stronger credit quality has Discover CEO David Nelms considering a move down the credit spectrum toward more subprime consumers.

Europe's clash over interchange rates is being spun into marketing gold by alternative payment companies like Seamless.

Even if shoppers of Amazon.com's Prime Day event — advertised as better than Black Friday — found more to mock than to buy, the promotion last week marked the acceleration of an "on-demand economy" that other retailers can no longer ignore.

Discover Financial Services in Riverwoods, Ill., continued its run of quarterly profit declines in the second quarter, due primarily to higher costs for compliance, marketing and customer rewards.

Apple executives didn’t flaunt Apple Pay transaction numbers or Apple Watch sales figures during a July 21 third-quarter earnings call, but they did provide some measure of merchant acceptance of the growing mobile payment system.

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.