Payments

On Jun. 30, 2019. Dollars in thousands.

Wirecard AG gained as much as 6.6% in Germany after saying it had commissioned KPMG to conduct an independent audit of the digital payments company, its latest effort to calm investors rattled by reports of accounting irregularities.

Usage of mobile and online banking services continues to rapidly expand. Here's how credit unions can help members understand the value these sevices offer.

FedNow will provide tremendous advantages for community financial institutions, but it also creates areas of concern that will require additional oversight, says CSI's Derrick Bretz.

Mastercard is testing two new bill payment services, with an eye on improving speed for consumers and businesses.

PayPal’s latest move to jolt Venmo’s revenue is a co-branded credit card developed with Synchrony — something that challenger banks and fintechs may rush to compete against.

U.S. Bank wants to disrupt the way consumers pay their bills by offering billers a new platform fit for faster payment rails, new messaging formats and digital assistants.

PSCU also found in its second-annual payments study that Americans were turning to debit cards over credit cards.

Because such a high number of new cardholders were paying fees for premium cards, Amex is earning subscription-like recurring revenue.

As merchants and issuers add mobility for staff, they must come to grips with the shortcomings of mobile security, says Blue Cedar's John Aisien.

In an interview with Bloomberg on Friday, Vestager confirmed that regulators are taking a closer look at potential competition issues, describing alerts she’s seen to set up Apple Pay on her own handset.

The retailer and credit card giant are rolling out two new card offerings. The move could hit especially close to home for CUs with branches inside Walmart locations.

Eliminating checks from corporate payments will take many more years, but Nacha’s latest data suggests the B2B category is playing a key role in Same Day ACH's growth.

As some of Facebook's partners pull out of the Libra cyrptocurrency project, Sen. Mike Rounds, R-S.D., encouraged a company located in his state to remain involved.

Venmo’s P2P social payment app has become a major part of PayPal’s retail strategy, a play that’s getting a boost from a Synchrony co-branded credit card.

If banks and customers take steps to quickly adapt to the change now, the benefits will soon be realized, says Sage's Adam Prince.

The U.K.-based fintech says that a recent crowdfunding campaign shows demand for its product, even though the amount it raised is well below funds obtained from VCs.

New technology allows AmEx to see a startup’s bank balance to let fledgling firms qualify for cards, said Anna Marrs, president of global commercial services.

Issuers often offer several types of cards, but cling to older methods of communicating with users, contends BelWo's Doug Cox.