Payments

As the Federal Reserve guides the U.S. on its steady march toward a faster payments system, a thorny issue continues to plague some of the most prominent efforts: Could the smaller banks stay abreast of the technologies that larger banks are readily supporting and deploying?

JPMorgan Chase and Wells Fargo detailed aggressive marketing plans, defended their credit judgments and downplayed the threat of a retailer revolt over high fees on rewards cards.

Banks, with their lower cost of capital, can take over the loan, either on its own platform or continue using the fintech platform for monitoring and servicing, writes Krista Morgan, CEO of P2Bi.

LVMH Group, makers of Louis Vuitton handbags and other luxury goods, leans heavily on cross-border transactions to distribute its products. To streamline its processes, the company has partnered with FIS.

The Bank of England issued a challenge for consumers who usually pay with cash to go cashless for a week, as an educational experience prior to its upcoming conference, Future Forum 2018.

After advancing into some retail settings in Italy last year, the Jiffy P2P payment service is now an option at the country's Carrefour Italia "super stores," supermarkets and express stores.

Information about new account holders pulled from Bank of America, JPMorgan Chase, U.S. Bank and Wells Fargo contradicts the notion that the previously unbanked turn into costlier customers.

Retailers and restaurants have vigorously supported the ability to pay anywhere from any device, but that technology has not taken hold in more institutional businesses such as health care. It's not for lack of trying from developers.

Visa and Billtrust are pressuring businesses to embrace automation by developing a directory of suppliers who accept digital payments.

Synthetic fraud brings the pain from many angles — a fluid mix of fake credentials and phony accounts that can overwhelm traditional identity theft tools.

Cash is unlikely to go anywhere, while application programming interfaces promise a wealth of new innovation, according to Devon Watson, CMO of Diebold Nixdorf.

After the retail giant filed an $800 million lawsuit against its former credit card partner, shares in Synchrony plunged. Now analysts fear its relationship with Sam’s Club may be in jeopardy.

Western Union and Amazon are collaborating to bring the e-commerce giant's services to consumers who may not currently have access to online shopping or those who prefer not to make digital payments.

Policymakers have called for streamlined disclosures for customers granting third parties access to their financial account data. They don’t have to look far for a potential solution.

The suit is tied to Walmart's decision to shift its credit card business to Capital One.

Payments technology veteran Will Graylin is looking to build support for OV Loop, a universal conversation and commerce app he developed that harnesses any handset’s texting capabilities to support voice, text or video messages with an e-wallet to store tokenized payments.

Legacy players cannot copy an upstart because legacy players have existing footprints and customers and are anchored by valuable business models, writes Ken Krupa, CTO of MarkLogic.

The approval marks the New York’s bank regulator 12th license to a crypto-related business.

The credit card company's filings mirror patents Bank of America, Barclays and TD Bank have submitted in the past two years that focus on how funds transfers and data security would augment blockchain technology.

Europe has also taken active measures to support the innovation of platforms and applications, writes Donika Kreava, strategic communications manager at Dentacoin.