Payments

Pelican, a provider of payments and artificial intelligence technology, is supporting Swift's development of a new service for low-cost cross border payments across its Global Payments Initiative and high-speed rails.

The consumer mindset has shifted to favoring online services, which are now viewed as essential for public health and safety, says FICO's Therese Henry.

With suppliers adopting digital payments at a more significant rate, it feels like we’ve reached the tipping point where checks are becoming obsolete on a broader scale, says Nvoicepay's Josh Cyphers.

More people are coming to WU.com to pay bills or send P2P transfers, and the company is focused on making this audience more lucrative.

As consumers change myriad habits, the nature of disputes is also changing, according to Ernst & Young's Ryan Battles and Kathleen Calabro.

This will be a pivotal year for business and our economy, a time when small businesses streamline, simplify and define their own new normal for the long run.

Discovery Bank in South Africa and other overseas financial companies say healthier customers are more profitable. They are giving reward points, gym subsidies and even free Apple Watches to those who meet fitness goals.

Mastercard and MetaBank are helping the earned wage access provider Clair overhaul its technology platform and service offering.

Wells Fargo is opting to keep its private-label credit card unit after reaching out to potential buyers last year, according to a person with knowledge of the matter.

Fraudsters have increasingly targeted financial services, online dating sites and social media since the end of the holiday season.

Mastercard is helping earned wage access provider Clair overhaul its technology platform and service offering.

Fraudsters have increasingly targeted financial services, online dating sites and social media since the end of the holiday season.

There's already an appetite for digital and consumers should quickly embrace Apple's range of services, says CellPoint Digital's Howard Blankenship.

Newer partners like the Isreali fintech First are building connections to help stores enroll.

On Sep. 30, 2020. Dollars in thousands.

Citigroup will refund an additional $4.2 million to some credit card customers who were overcharged years ago.

Fintechs and challenger banks are small, nimble and tech-centric. However, incumbents have strong reputations, customer trust and loyalty built over many decades, says Twilio's Bijon Mehta.

The arrangement, which focuses on merchant services, comes about six months after Global Payments secured a similar partnership with Amazon Web Services on the issuer side of its business.

Merchants are making a miscalculation on data management, says FreedomPay's Chris Kronenthal.

A showdown between megabanks such as JPMorgan Chase and the likes of Apple and PayPal could be the prelude to a broader fight.