Payments

Ravi Menon says that Facebook's bid to create its own digital currency has laid bare shortcomings in cross-border payments and financial inclusion that banks and regulators must address.

The online platform lender Kabbage is making the move beyond just providing working capital loans to small businesses, putting it in direct competition with alternative acquirers and payment companies.

The real opportunity to achieve financial empowerment lies with the companies that are most intimately connected to people's lives, says Rapyd's Eric Rosenthal.

Investors are looking to understand the potential impact from the upcoming loss of eBay Inc.’s business.

Visa is retooling its small-business credit cards by expanding credit card lines, adding travel insurance and product-warranty extensions and making it easier for business owners to integrate card accounts with accounting software.

It has already been modifying more problem loans and investing in efforts to recover charged-off loans, and now the credit card lender is ready to tighten underwriting in case the economy weakens.

The bank-supported Zelle person-to-person payment network is starting to hit numbers its developers envisioned when entering the market more than two years ago.

Our industry should work toward making cash easy to use in a digital environment with digital financial services at point of sale, gradually winning over cash users to our shared all-digital payment cause.

Recent years have seen a transformation in credit-card customer acquisition. This report explores how consumers are interacting with the new expanse of marketing and acquisition channels and examines where opportunities and threats to issuers may lie.

Recent years have seen a transformation in credit-card customer acquisition. This report explores how consumers are interacting with the new expanse of marketing and acquisition channels and examines where opportunities and threats to issuers may lie.

Congress should get behind the Fed's effort to launch a real-time payments service instead of getting in its way.

In an international expansion move, AI-powered grocery cart startup Caper has begun a pilot with one of Canada’s largest grocery chains, Sobeys, at a suburban Toronto location.

As e-commerce becomes international, American merchants should embrace alternative payment methods in other countries, says PPRO U.S.'s Steve Villegas.

Retail technology provider Standard Cognition is putting its quick-rising valuation to work to stockpile tools as the checkout-free market enters a more competitive phase.

Mastercard plans to acquire loyalty and marketing company SessionM to help its merchant clients build their brands and grow their businesses.

Following months of preparation, Visa, Mastercard, American Express and Discover announced the launch of "click to pay," a new streamlined checkout process that functions similarly at all participating e-commerce sites.

Payments innovation is happening in small businesses like Rio Grande Mexican Restaurant, which has to manage a shift in how people shop, order, pay and communicate — all at the same time.

The credit card lender responded to the closing of Toys R Us stores last year by issuing Synchrony-branded cards to the retailer's customers. Now it's testing a general-purpose card with a wider array of clients.

In seeking to eliminate manual back-office payment processes for long-term health care and social service providers, AvidXchange says it is launching new software to steer providers to digital accounting and B2B e-payments — and eliminate paper checks.

Facebook's original proposal for Libra was to develop a sweeping, global currency with the backing of the world's biggest companies. Now, with fewer companies on its side and a massive backlash by lawmakers, Facebook is loosening one of Libra's core values.