Payments

Alipay and WeChat Pay will force traditional payment networks to up their game, particularly in in-play emerging markets. Whether they can become relevant at scale for consumers outside China remains to be seen, writes Eric Grover, a principal at Intrepid Ventures.

A year after launching the same-day Automated Clearing House process for credit payments, Nacha says same-day ACH for debit payments began Friday.

Blockchain is already taking a bite out of the fees traditional financial institutions extract from cross-border transactions by providing a workaround that avoids third parties.

Rather than waiting one to three days for funds through the Automated Clearing House system, merchants will be able to receive settlement payments straight to their debit cards within minutes through a partnership between Visa and the processor Vantiv.

While the EMV fraud liability shift for most companies passed nearly two years ago, there are still pockets of stores that haven't switched over — and they can be particularly prone to the kind of fraud chip cards are designed to thwart.

Payoneer will work with the mobile wallet eZ Cash to make it easier for its mobile wallet users to convert funds from cross-border payments to funds in the wallet.

Credit card benefits aren't worth much to a consumer who has no idea what the card offers, or has forgotten about them over time and simply never uses them.

The gig or sharing economy has transformed and disrupted the global workforce. It has redefined what we should expect from our payments, writes Ralph Perdomo, a research analyst and writer at Nvoicepay.

The person-to-person payment service, the big banks’ answer to Venmo, is scheduled to launch a stand-alone app next week.

A new initiative from CO-OP Financial Services aims to help two CUs support MasterCard’s payments services for Garmin and Fitbit wearable devices