Payments

JPMorgan Chase said it's on track to eliminate 3,000 more jobs this year than previously forecast in its mortgage and credit card divisions.

The much-anticipated launch of Apple's mobile wallet was followed by a series of minor disasters for the fledgling payment system. Apple must overcome all of these obstacles if Apple Pay is to succeed.

U.S. Bank, which has been aggressively building business payments technology, is adding Viewpost’s electronic invoice and payment network to the bank's website.

Seeking to help its clients benefit from consumers who increasingly shop online or through mobile devices, GoDaddy Operating Co. LLC has launched its online store product for small businesses.

WASHINGTON—The war of words between credit unions and merchants over data breaches continues to escalate, but it remains to be seen what effect the new Republican majority in Congress will have on the battle.

Remittance provider TelUPay is relying a local ATM network to reach the substantial remittance payments market in Indonesia.

As payments leave plastic behind, the pressure is on banks to stay in front of merchants and consumers. But in its pilots of payment-capable wristbands, Royal Bank of Canada is finding that there are some areas that banks should steer clear of.

Safaricom Ltd., East Africa's biggest mobile operator, is bracing for competition in its key mobile-money business that helped boost first-half profit by 30 percent, Chief Executive Officer Bob Collymore said.

Jan Estep, president and CEO of Nacha, discusses the organization's revised proposal to speed transactions on the automated clearing house network and how it improves on the plan that member banks voted down two years ago.

The device, known as Clover Mobile, allows merchants to perform a variety of business functions, including scanning inventory and taking payments, using a mobile tablet. Earlier versions of Clover, called Clover Station, were designed to be affixed to a countertop.

Bitcoin merchant services provider BitPay added support for contactless Near Field Communication payments through its new Bitcoin Checkout App, eliminating several steps in its payment process.

Many companies have struggled for years to find a way to get consumers to use phones for payments. Some wallets promise better rewards and others promise stronger security, but Tipl.ly's approach is a bit more primal.

Avangate is working to meet its customers' demands for revenue-recovering tools for "freemium" business models, which offer a basic product or service for free but charge for add-ons or ongoing use.

As Apple and the Merchant Customer Exchange battle it out over smartphone-based payments, Royal Bank of Canada and MasterCard are jumping past the phone to cement their roles in the fast-growing market for wearable payments.

Tokenization, a security method that eliminates account data from exposure, is fast becoming linked to the advancement of mobile payments. American Express' latest service is designed to push both technologies along.

CPI Card Group, a provider of EMV payment services in Littleton, Colo., has launched a new service to support Near Field Communication-based mobile payments.

Ingo Money, which specializes in digitizing check payments, has entered an agreement to buy Salt Lake City-based Fuze Network, which handles cash loads for credit, debit and prepaid accounts.

YellowPepper hopes its existing mobile banking relationships in Latin America will give it a head start as it faces off against a number of other companies when bringing its mobile payment platform to new markets.

Google Wallet, which faces pressure to stay relevant after the launch of Apple Pay, has added recurring bank transfers and alerts to rekindle consumer demand for mobile payments on non-Apple devices.

Apple Pay is still new to the scene, but it's already forced a number of other online and mobile wallets to change course. Some are rethinking their technology, while others are trying to find the best way to build on the buzz Apple created.