Payments

The single-platform transfer is part of London-based Moneycorp's full integration of Commonwealth FX, a U.S.-based corporate international payments business it acquired at the start of the year —and part of a strategy to expand its U.S. market.

Hackers are illegally generating Monero, Bitcoin and other cryptocurrencies by exploiting a software flaw that was leaked from the U.S. government, raising questions about the security of one of the fastest-growing corners of financial markets.

The Danish bank found more than $200 billion of suspicious deals at its Estonian branch; merchants can opt out of the deal as another case on network rules continues.

Subscription payments are supposed to happen in the background with little or no effort. But what happens when another “automatic” and constantly changing product is tossed on top of the subscription?

Singapore-based money transfer platform TransferTo is working with Stellar.org to facilitate low-cost blockchain-based cross-border remittances for underbanked and unbanked consumers in emerging markets.

Discover Financial Services has launched a version of the Discover "it" card for entrepreneurs whose rewards and features compete more directly with small-business cards offered by Amex and Chase.

The former head of the agency’s innovation initiative, Project Catalyst, argues the bureau can take several steps to update its innovation policies.

By using a network of vendors with existing payment and financial terms, TD Bank hopes to expedite the paper processing for supply chain transactions and treasury management.

Visa Inc. and Mastercard Inc. agreed to pay as much as $6.2 billion to end a long-running price-fixing case brought by merchants over card fees, the largest-ever class action settlement of an antitrust case.

In a continued effort to expand beyond China's borders, China UnionPay will reportedly work with a U.K. company to issue issuing virtual corporate cards next month in Europe.

South Korean cellular carrier LG Uplus, a unit of LG, says early next year it will launch a test of a blockchain-based overseas payment system.

To bridge the skill gap in this area, universities all over the world are working with private companies to provide blockchain-related training programs, according to Donika Kraeva, strategic communications manager at Dentacoin.

Executives from four companies—Worldnet co-founder John Clarke, Payrailz CEO Fran Duggan, CardFree CEO Jon Squire, and Sionic Mobile CEO Ron Herman— view Uber and Amazon as drivers of the shift to an "unattended" retail experience that removes human interaction from the process of making a payment.

SynapseFI is engineering banking to work as digital parts that connect so easily an amateur developer could potentially build a functioning bank.

The growth and dominant market share position of payment cards in U.K. retail sales is prompting a new pushback from retailers who are wary of rising network fees.

Digital currencies can outlast bitcoin's volatility because they are more egalitarian than the traditional payment system and offer a better alternative for emerging countries, the cryptocurrency exchange says.

Swedish financial services provider Klarna Bank has boosted its U.K. foothold by agreeing to buy merchant bankers Close Brothers' retail financing portfolio.

Acquiring fintechs can be a smart way for banks to access needed tech talent, but they must be careful not to stifle innovation in the merger.

By leveraging strategic partnerships and utilizing technology developed by the Pays and other innovators, banks can build a Siri-style experience, according to Stani Kulechov, the founder and CEO of ETHLend.

The broadening of JPMorgan's Sapphire Reserve brand is emblematic of the niche expansion megabanks must rely on since bank M&A is not an option.