Payments

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.

Great Wolf Resorts will give its customers wristbands that can initiate purchases and access hotel rooms at its chain of theme parks and hotels.

Nokia Oyj's mapping business will work with partners to develop global standards that would allow users to buy transit tickets in cities around the world from a single mobile-device app.

Some rules are black and white, which is why Sift Science has added the ability for clients to integrate automatic rules on top of its machine-learning fraud detection system.

Over the past few years, card-linked offers (CLO) have emerged as the next "it” digital advertising channel and is angling to underpin daily-deals platforms that haven’t delivered the long-term customer engagement once promised.

Finding Apple Pay-accepting merchants in the U.K. isn't quite the needle-in-the-haystack proposition that it is in the U.S., but it's still enough of a challenge to raise concerns among Apple's partners during the mobile wallet's launch in the country.

First Data has acquired a San Diego-based digital card distribution firm called Transaction Wireless Inc. (TWI), a company which, paired with First Data's 2014 purchase of Gyft, rounds out the company's gift card strategy.

Apple Inc. is making the U.K. the first market outside the U.S. for its digital-wallet system as the company fights for a place in the electronic-payments industry.

Instagram, Pinterest, and Snapchat have recently started to offer or test e-commerce and payments opportunities, and online stores need to pay close attention given the potential size of the consumer base.

Synchrony Financial in Stamford, Conn., has agreed to issue private-label cards on behalf of Newegg, an online retailer of consumer electronics.

Barclays' absence has been a major issue surrounding Apple Pay's long awaited move into the U.K., though with a formal announcement of Apple's mobile payment play coming as early as July 14, word of the bank's reversal started to circulate online.