Payments

On Sep. 30, 2019. Dollars in thousands.

Banks, especially smaller ones, are more worried about the competitive inroads that Apple Pay, Venmo and others have made than they are about tech companies' incursions into other financial segments, according to a new survey by Promontory Interfinancial Network.

The Exton, Pa.-based credit union grew its commercial real estate and credit card lending in 2019 from a year earlier.

Redwood City, Calif.-based processor i2C has hired Jim McCarthy as president, two years after Visa dismissed the card network’s former innovation chief.

Customer interaction platform Podium has added a Payments feature, allowing businesses to use text messaging to accept funds directly from customers.

More work is needed to bring processing up to speed for digital payments, according to Neocova's Sultan Meghji and Kelsey Weaver.

Coronavirus, also called Covid-19, is wreaking havoc on the stock market, with a heightened effect on the travel industry. It could also cause a drastic change in payment habits, as consumers shift to digital channels to reduce their risk of infection from handling cash.

For real-time payments, there are national schemes to help drive adoption and enhance consumer convenience, according to Standard Chartered's Tarek Elyafi and Shantanu Vijaykumar Bhosale

With health organizations warning of a global outbreak, banks are starting to assess the risks to their bottom lines.

With the world gripped in panic over the rapid spread of the coronavirus — and the stock market falling in response — payments companies have been left to speculate on what it all means to their operations in an increasingly global economy.

The Fed can take steps now to speed up existing networks.

Afterpay has found an opening in the U.S. by targeting the millennials who don't have a credit card to use at the point of sale.

Diverse local economies and a demand for mobile are boosting digital commerce, says PPRO's Steve Villegas.

Deluxe has spent many years working to diversify beyond paper checks, which are in an inevitable decline. But that diversity led to confusion.

The growth and monetization of Square’s Cash App boosted the company's quarterly earnings, along with the sale of its food delivery unit Caviar.

Investors and deep-pocketed payments firms have funneled hundreds of billions of dollars into the payments industry, demanding results in areas as wide ranging as digital processing, consumer experience, risk management and compliance.

The U.K. is the latest market where eBay will assume direct control of its payments experience, as part of its prolonged breakup with PayPal.

The technology can quickly sift through and analyze contracts, nondisclosure agreements and other legal documents, says InCloudCounsel's Troy Pospisil.

The decisions made five years ago are creating problems for contactless payments today.

Mastercard wants to build confidence in open banking by addressing regulatory compliance, liability, and technology integration issues on behalf of its issuers and fintechs.