Payments

Readers react to BofA defending reverse mortgage borrowers, support the Federal Reserve creating a real-time payments system, advocate for consolidating federal bank agencies and more.

New data from PSCU shows a 46% increase in sales volumes for credit union members compared to last year.

Payconiq has built an omnichannel, multicountry payment platform that uses a mobile payment app to leverage existing bank infrastructure in order to make payments in-store and online payments as well as to send P2P payments.

Banks and third parties must work together to safeguard data being shared when a customer uses mobile apps.

The number of transactions to send money across borders has risen for 36 consecutive months, but this could eventually slow.

Giant Eagle’s supermarkets go back a century, literally, making the Pittsburgh chain one of the best tests yet for how the supermarket experience can adapt to mobile technology and the de-emphasizing of traditional checkout.

The P2P service, based on the time its users spend with it, has the capability of luring users into other services attached to Venmo.

The brokerage expects customers will use conversational tech to check accounts and perform other financial transactions while stuck in traffic.

One year out from hosting the Summer Olympics, Japan’s merchant base has a low ratio of contactless acceptance compared with other major markets.

Increased connectivity and speed could mean shorter transaction times for consumers, quicker and more stable connectivity between merchants and acquirers and even an end to offline payments, writes James Daniels, vice president and head of Asia Pacific at FIME.

If the Federal Reserve doesn't maintain an active role, Wall Street megabanks could take over the payments system.

Accounts that offer high interest rates can bolster fee income and lower noninterest expenses, though credit unions have to carefully watch these products to ensure they actually make money.

While loan growth continues to outpace competitors, Discover says it has been tightening its standards, given the late stage of the credit cycle.

Calling it the largest B2B trading platform in the world, Alibaba Group has opened Alibaba.com to small and medium-size U.S. businesses to reach an addressable market of $23.9 trillion.

Starbucks is looking to reclaim its role as the global leader in streamlined, intuitive order-and-pay systems through machine learning technology it’s developing in-house and through a deal with restaurant-tech startup Brightloom, its new equity investment partner.

Russia and its BRICS partners are developing cross-border alternatives to U.S.-dominated payments systems such as Swift, driven by the rise in cross-border trade and a desire to find non-dollar alternatives to international payments systems vulnerable to sanctions by the U.S. government.

WeChat Pay and Alipay have huge markets, but China's lack of openness makes a Facebook Libra-style move unlikely, argues Utrust's Filipe Castro

Payments technology is advancing at such a rapid pace, the most valuable asset for those in merchant acquiring is expertise.

U.S. Bank has purchased BMW’s cobranded Visa credit card portfolio and will issue a new version of the card under the Mastercard brand early next year.

The Democratic presidential candidate argued in a blog post that the U.S. could avoid a recession by canceling most student debt and authorizing regulators to more aggressively monitor leveraged lending.