Payments

When health care executive Raj Rajamannar joined Mastercard as marketing chief six years ago, his background at Humana and WellPoint hinted at a different perspective.

The U.K. charity sector is currently facing its biggest ever crisis of trust — with a recent survey conducted by the Charities Aid Foundation finding that the proportion of the general public who donate to charity has declined for the third year in a row — amid rising concerns about wastage and corruption.

By 2025, millennials will represent 75% of America’s workforce, making this generation a key demographic for credit card growth.

TransferWise once marketed itself as Robin Hood-style rival to banks. Now it sees itself as an ally.

Users of digital trading platform BitAsset in Asia will have the option to use Dash digital currency for near-instant transactions when trading crypto currencies or dealing with exchange-traded funds.

Today, borderless supply chains define business opportunities and brick and mortar presence is just an afterthought, says Amex's Dean Henry.

Mastercard signaled a new direction for corporate payments when it bought VocaLink a few years ago, and the company’s emerging vision for a B2B payments network suggests a new challenge for its commercial cards business.

Klar has completed two funding rounds — one for equity and one for debt — raising over $57 million in funding, including Santander’s InnoVentures as an equity investor.

The direct threats to the Trump presidency and Boris Johnson's tenure as prime minister of the U.K. create an extra layer of uncertainty for fintechs.

Older treasury management and B2B payments technology is constricting overall business, but the technology migration is also difficult, argues Bottomline Technologies' Bill Wardwell.

EBay Inc. Chief Executive Officer Devin Wenig is stepping down amid pressure from activist investors to break the company apart.

JPMorgan, which led the offering, may have “enabled” the startup’s questionable behavior; the system may enable more people to get approved for mortgages.

The imprints of vendor consolidation, mobile payments proliferation and voice enablement are continuing to ensure there is “a whole lot of shaking going on” in our industry, writes Strategic Resource Management's Michael Carter.

The Clearing House is working to add its Real-Time Payments (RTP) network as a third payment rail for Early Warning Services’ Zelle P2P payments service and to enable Zelle bill pay and possibly point of sale transactions.

After investing in a payments CUSO earlier this year, the Florida-based credit union is looking for additional opportunities to work with fintechs.

Alibaba Group Holding Ltd. has bought a third of Ant Financial, the online financial services behemoth controlled by billionaire Jack Ma, augmenting a global array of investments now worth $83 billion.

The major technology companies that have chipped away at incumbent payment businesses face much larger competition from this year’s big processing mergers, but they’ve also bulked up through fundraising and product development.

As mobile and contactless payments expand, the need for instant issuance will be greater, says CPI Card Group's Rob Dixon.

Emphasizing its expansion into multi-channel payments, Credorax is partnering with mobile point of sale developer BBPOS to provide mobile POS solutions for independent software vendors and sales organizations across Europe.

The Federal Reserve Banks put the brakes on their planned migration of the ISO 20022 messaging standard, delaying a three-phased migration established in 2017 that targeted November 2020 as the start of that process.