Payments

CO-OP Financial Services has vastly expanded its real time person to person payments reach, adding a credit union-led alternative to the faster payment models being pursued by banks.

First American Payment Systems is bringing another mobile point of sale system into the crowded marketplace of companies seeking small-merchant business.

Two years ago, Isis (Softcard) and Google Wallet were the only two ‘viable’ wallets in the market, and I use the word ‘viable’ loosely.

Samsung Electronics Co. rebooted its premium Galaxy smartphone line with the S6 and S6 Edge, featuring payment software that makes them compatible with about 90% of card readers.

Visa has agreed to buy marketing and payments company TrialPay as part of the card network's broader strategy to improve merchant relationships.

The London-based peer-to-peer money mover TransferWise Ltd. opened an office in New York this month, proclaiming plans to disrupt the U.S. market. But in reality, it could be more an ally than a threat to U.S. financial services companies.

American retailers have struggled with mobile payments, largely because they try to reinvent the entire buying process instead of evolving what's already there. Starbucks' success is rooted in its willingness to take the easiest route time and again, an approach that is clear in how it chose to implement Apple Pay.

Google and Softcard have been fighting a long turf war to become the dominant mobile wallet for Android users. Softcard has finally conceded defeat, but Google still has much work ahead of it.

Mere days after disclosing that Google Inc. purchased Softcard's technology and intellectual property, the telcos' mobile wallet venture began publically disclosing its plans to shut down.

A court-imposed deadline for American Express to negotiate a fix to its merchant rules with the Department of Justice is about three weeks away. Odds of a deal are said to be low, heightening uncertainty — and fueling debate — about how the showdown will affect the future of the credit card business.

Prosper Marketplace, an online lender for consumer loans, has found a new source of referrals: community banks.

Jack Henry & Associates and its ProfitStars division have released an online payments and donations platform designed for financial institutions and their business customers, the company announced Feb. 26.

French tech consultancy FIME is partnering with cybersecurity provider Thales e-Security to encourage use of Host Card Emulation technology for contactless mobile payments.

Boku has released a new, cross-platform carrier billing payment technology that is designed to mimic a credit card payment.

As the number of Chinese students studying abroad increases, Geoswift is building out relationships with language schools and universities to mend the disjointed process of collecting tuition payments.

Apple Pay has begun its foray into airlines, deploying about 3,500 iPad minis that can accept mobile payments, but it is making a slow approach to the industry.

Samsung's purchase of LoopPay preps the company for mobile payments move, but the initiative will face challenges because of the initial dominance of magstripe technology and other factors.

Google plans to release a new set of Android-based payment developer tools at its I/O conference in May, according to a report by the tech news site Ars Technica.

Barclays is updating its Pingit person-to-person payment app to enable it to use Twitter usernames to identify recipients.

PreCash Inc. has added Visa and MasterCard acceptance to its Evolve Money mobile bill-pay app.