Payments

Higher rates are looming for transactions on e-commerce sites, while merchants in certain services categories, such as real estate and education, will see fees decline, according to a document Visa sent to banks.

The bank would make small-business loans on the online retailer’s platform; Fed survey says banks worry about increasing delinquencies, especially in subprime.

Of all of the valuable consumer assets that fraudsters like to steal, loyalty or rewards points or cash is becoming a favorite.

For the first-time, over half of all product and service purchase transactions in Russia were paid for using non-cash payment instruments.

As the incumbents gets bigger, the innovation that created the urgency continues unabated.

On Sep. 30, 2019. Dollars in thousands.

The bank is offering big bonuses to hire new financial advisors; recent share repurchases have raised the cost of future rebuys.

The formerly invite-only challenger bank Majority has launched across the U.S. offering free remittances to four African countries.

Mortgages, auto loans and credit cards should perform well for the next two quarters. Beyond that, all bets are off.

Oceanpayment, a payment service provider launched six years ago in Shenzhen, China that specializes in global online e-commerce transactions, has agreed to provide merchant acquiring services for JCB, Japan’s top credit card brand.

The World Wide Web Consortium pushed for an answer two years ago to the mounting problem of mobile and online payment fraud in its release of the Payment Request API, designed to secure the exchange of payment requests and verifications on browsers.

Bank pilots and 'open banking' are paving the way for rampant adoption, says Fingerprints' Lina Andolf-Orup.

Banks would be allowed to own stakes in venture capital funds; the combined BB&T-SunTrust isn’t realizing cost savings as fast as it projected.

What Google ultimately does with its Google Checking service for banks will have a major effect on how mobile payments at all levels — from point of sale, to e-commerce, P2P and bill pay — will move forward.

Like its rival Mastercard, payments volume is on the rise at Visa, but the coronavirus complicates the near-term economic outlook and makes China an even tougher market.

The consumer bureau alleges the Providence, R.I., bank mismanaged billing error claims over a six-year period. Citizens Bank says it is “puzzled and disappointed” by the agency’s action.

Cubic Corp is trying to boost transit ridership by allowing rewards earned via mobile payment usage to offset the cost of fares.

PayPal reported strong growth in revenues, earnings, payments volume and users, demonstrating as the company has finally transitioned away from the vestiges of its former eBay ownership.

Competition between hundreds of national and global payment systems forces everybody to continually adapt, up their games, culling weaker and underperforming systems and inviting the search for better mouse traps, says Intrepid Ventures' Eric Grover.

Given the Super Bowl's large audience of consumers and the ability to sway their future spending habits, businesses spend millions of dollars for the opportunity to air a 30-second TV commercial.