Payments

Younger consumers today have a very different view of, and utility for, general purpose bank and private label retail credit cards when compared to older generations.

The new environment requires merchants to support a solid point of sale system, along with other business activities, writes CardConnect's Michael Mertz

The boom in e-commerce—boosted by mobile devices—is spawning a record number of returns and associated shipping and payment hassles.

China's Ant Financial, the Alibaba payments affiliate that operates Alipay, is reportedly in the advanced stages of talks to buy WorldFirst, an international payments provider based in London.

Online payments technology provider PayFort says its gateway is now accepting payments from Egypt's new national Meeza debit card scheme through the Central Bank of Egypt.

Blockchain looks set to disrupt the gaming industry, and enable a new way for players and developers to interact with gaming platforms, writes Nicolas Gilot, Co-CEO of Ultra.

Signature Bank on Jan. 1 will open its Signet Platform to support real-time settlement for commercial payments. The bank is collaborating with trueDigital Holdings, a New York-based blockchain infrastructure, exchange and settlement technology company.

The Office of the Comptroller of the Currency announced Friday that it has lifted restrictions relating to U.S. Bank's flawed efforts to prevent money laundering and Citi's deceptive marketing and billing practices.

The software, which was developed by Feedzai, will eventually block payments that appear to be fraudulent or mistaken.

Google Payment, a company owned by Alphabet Inc., obtained an e-money license in Lithuania, joining a growing number of fintech firms that have secured permission from the Baltic nation to offer financial services across the European Union.

Facebook’s payments ambitions have made banks wary for years, despite many false starts. But now it looks as if Facebook is pivoting to develop a remittance business, starting with a cryptocurrency project in India.

The digital ID market has massive potential, but many fundamental problems that must first be overcome. Among them: The companies best positioned to provide a viable digital ID platform are not the ones best positioned to benefit from it.

Established as a transit-fare and small-value payment card in Hong Kong nearly 20 years ago, the Octopus Card is making a transition to a virtual prepaid card for online shopping.

As part of the agreement with HSN, Synchrony has also extended its partnerships with HSN affiliates QVC and the e-commerce site Zulily.

The ubiquity of plastic payment cards makes it hard to imagine a future without them, but Japan’s JCB card network already envisions it.

The SEC is already ramping up action in the cryptocurrency space, with stronger moves in the year ahead, and market participants should be preparing to respond, according to Aaron Kaplan, a securities lawyer and founder at Prometheum.

The payments processor was among numerous firms earlier this year to withdraw an ILC charter application over questions about its plan.

FIS is collaborating with loyalty marketing firm Excentus to extend FIS’s consumer loyalty program to 13,400 U.S. Shell fuel stations.

The industry’s technology priorities and budgets are headed for a distinct shift in 2019. What’s in: new initiatives in digital banking and analytics. What’s not: new initiatives built on blockchain technology.

While credit cards have been around since the 1950s and debit cards introduced years later, they both have become indispensable to the modern consumer. In fact, in certain retail sectors consumers can only use payment cards or mobile payments to make a purchase.