Payments

The move creates more room for developers to work on new payment types and build additional use cases.

PayPal's latest move has been expanding its Venmo service beyond peer-to-peer payments to a method for paying merchants directly.

The Federal Reserve Board governor sketched out a future in which U.S. banks remain at the center of commercial transactions.

On selected billing dates, Qualpay will automatically charge customers on an assigned plan and provide reports of the transaction activity.

New York credit union is converting to the Symitar Episys core processing system, as well as a suite of related solutions from Synergent.

The first round of data is in following the Sept. 15 launch of same-day ACH debit payments, providing a snapshot of what Nacha expects will be a growing channel.

Person-to-person payments are a core area of interest beyond just the banking industry. The news that PayPal is bringing Venmo into e-commerce should be serious concern for many companies that wanted a piece of the P-to-P pie. But Venmo's success does not necessitate others' failure.

What members saw as a confusing inconvenience now is quick and easy, and applications are soaring.

By turning itself into a pseudo payment facilitator as part of a new program, Elavon says it is in a better position to grow by offering services in a fast-growing sector.