Payments

Indonesia’s Go-Jek plans to roll out a preliminary version of its ride-hailing app in Singapore Thursday, bringing fresh competition to the hometown of arch-rival Grab, according to people familiar with the plan. Both companies combine ride hailing technology with payments and other financial services.

The card is being launched in partnership with U.S. Bancorp, which will handle the underwriting and provide the credit.

Blockchain may have received its most exposure as the distributed ledger technology at the foundation of cryptocurrency exchanges, but its use cases are advancing into other data-driven or supply-chain industries pursuing the Internet of Things.

Atlanta Fed chief says consumers don't know the risks of using nonbank payments providers, like Apple Pay; equity derivatives desks will reap rewards of volatility.

The Australian government is evaluating a set of proposals to radically reform its payments industry, including abolishing interchange and opening up access for new entrants to core infrastructure.

A period of churn in Canadian airline loyalty is nearing an end as Air Canada moves ahead with a deal to take over its old loyalty program, Aeroplan, and keep its partner banks on board.

As U.S. banks move toward faster payments, they should heed the lessons U.K. banks learned about criminals after launching their real-time transaction system, says Varo Money's fraud strategy leader.

A 10-year exemption for banks offering estimated fees and exchange rates under the rule, instead of exact amounts, is set to expire in 2020. Lawmakers should consider a temporary extension.

Warren Kornfeld, senior vice president at Moody’s Investors Service, explains why banks’ fear of Amazon, Apple, Facebook and other tech giants is legitimate.

The world’s biggest digital coin began life promising to become “electronic cash,” but bitcoin and its swarm of imitators are slipping deeper into the shadows of traditional payment services.

PayPal is using Venmo's fast growth to power several initiatives, but the app suffered a damaging fraud surge early this year, showing it's not immune from enrollment fraud that challenges the entire P2P sector.

Payments processor Elavon has agreed to provide Belgium's leading postal operator with payment acceptance services at more than 650 locations.

Bitcoin extended its tumble on Monday after breaking below the $4,000 level over the weekend, putting the 2018 crash within striking distance of the cryptocurrency’s worst bear markets.

Cash-outs accounted for 80% of mortgage refinances in the third quarter; state will accept bitcoin for business tax payments.

A year after its launch, Zelle’s P2P payment volume has rapidly expanded through usage at the nation’s largest banks. But enabling smaller institutions to offer it to their customers is proving to be more challenging.

More innovative thinking will be needed to achieve competitive advantage and differentiation without breaking the bank, an gaming is an emerging option, according to Simon-Kucher & Partners’ Wei Ke and Wenbo Li.

Unlike online lenders, banks are focusing primarily on consumers with solid credit scores. But unsecured loans to prime borrowers have a limited track record, so it’s hard to predict how they’ll perform when the economy inevitably weakens.

There's never a good time to expose customer data, but the incident Amazon disclosed Wednesday could upend two major events: Black Friday/Cyber Monday and a reported effort to get merchants to accept Amazon at the point of sale.

Many credit unions are pushing credit card offers in advance of Black Friday while also encouraging responsible spending.

When companies cling to outdated methods of payment processing, the results is a highly fragmented consumer experience. It also adds unnecessary administrative costs and decreases efficiency, writes Jeffrey Brown, president of VPay.