Payments

Spanish bank BBVA and duty-free travel retailer Dufry are partnering to accept mobile payments from China's WeChat Pay at the Madrid airport.

The move figures to generate more low-cost funding for the firm’s consumer lending businesses without sacrificing substantial revenue.

Public-sector development of a speedier settlement service, to operate alongside the one being developed by The Clearing House, is crucial for seeing that institutions of all sizes are able to take advantage of this technology.

Target in the past 48 hours suffered a pair of unrelated point of sale outages that had at least one thing in common — they resulted in consumers scrambling for a contingency that would have been little problem as recently as four or five years ago.

Cashierless stores have generated a lot of attention, but there’s a heavy lift to ensure the concept works outside of the relatively controlled environment of beta tests and proof-of-concept stores.

Both companies want money to be "programmable." But how to go about it is a matter of dispute.

State and local officials have pushed back against retailers that don’t take cash, and now some are pressuring electric vehicle firms to expand payment options at charging stations.

Facebook's Libra, or GlobalCoin, will be cryptocurrency's largest test — fueled by a collection of huge investors that will determine if mainstream merchants and consumers will actually use a payment system featuring an alternative currency.

Distributed ledgers are already revolutionizing international transactions and trade finance. The added stability will bring about even greater adoption, argues Neutral's Matt Branton.

Rep. Katie Porter is butting heads with Jamie Dimon again. The Democrat from California claims JPMorgan Chase’s new policy of making credit card customers use arbitration instead of the courts to resolve payment disputes violates her state’s laws.

The head of the venture capital firm Nyca Partners recommends that banks find firms that are big players in narrow markets and wouldn't strain tangible common equity.

PPRO needed a quick fix to retain clients looking for a Latin American payments solution, acquiring local payments specialist allpago rather than embark on an IT project.

To make a credit card top of wallet and build interchange income, credit unions must develop trust, provide great service and ensure the card works every time.

The 8-BIN migration will be here sooner than many financial institutions believe. Fortunately, even for those institutions that haven’t started planning for the migration, there is enough time to limit confusion, lost revenue and customer churn, writes Member Access Processing's Carol Logan.

India’s government has taken drastic steps to encourage and standardize digital transactions, and those moves appear to be paying off.

New project models and the cloud can serve as an alternative to payment and financial services technology strategies that benefit larger banks more than small institutions, argues Vinay Prabhakar, vice president of product at Volante.

The Clearing House's Real-Time Payments hasn't grown as fast as it would like, but recent small-bank adoption is providing momentum for a network that assumes the Federal Reserve won't start its own real-time service.

In a study of 27 global markets, the U.S. ranked near the bottom for consumer use of fintech, raising questions about why Americans appear reluctant to dive in.

Successful digital transformations these days are done not as make-or-break moon-shots but as a continuing series of smaller projects, says Tata Consultancy Services' David Jordan.

Bento for Business is taking a page out of the Venmo P2P playbook in launching its own Bento Pay instant payment app for higher-value B2B payments.