Payments

The Minneapolis bank is betting that it has the heft — and the brand recognition — to compete for deposits in states where its biggest rivals already dominate.

Fresh off the heels of having recently raised capital of more than $12 billion in its latest funding round before a potentially lucrative IPO, Ant Financial Group, the operator of Alipay, is rapidly expanding its acceptance network outside of China.

At this year’s Swift Business Forum in New York, executives said banks can build "more intelligent routing" to speed up payments and reduce the cost of processing and delivery.

Electronic payments processor Mobile Credit Payment has launched an app that allows small businesses to invoice customers through social media channels and accept various payment methods.

The payments company released a platform made up of nine B2B networks and powered by Microsoft’s Azure.

The payments technology that powers international trade is crucially important because it helps streamline the processes and trim the costs of conducting business overseas, according to Darren Hutchinson, head of commercial in the Americas for WorldFirst.

It all comes down to convenience. New payment apps, like Venmo, and widely adopted mobile wallets, such as Apple Pay and Alipay, have made the consumer payment experience incredibly convenient, writes Ralph Dangelmaier, CEO of BlueSnap.

BofA Merrill Lynch will extend Apple Pay, Google Pay and Samsung Pay support for business cardholders, covering corporate, commercial and purchasing cards in the U.S.

DraftKings has added PayPal as a payment option to its New Jersey Sportsbook, following similar moves from rivals FanDuel Sportsbook, Caesars Sportsbook and SugarHouse Sportsbook.

The Tennessee regional said the sale should boost quarterly profit by $160 million.

By bringing Prime benefits to the movie industry, through discounts or a MoviePass/subscription-based model, Amazon could entice even more users to its loyalty program, writes Tom Caporaso, CEO of Clarus Commerce.

The highly lucrative remittance business, once the sole purview of established players with large agent-based locations such as Western Union and MoneyGram, is under an all-out attack by digital fintechs.

Even as online shoppers demand the best security, they demonstrate an astonishingly low tolerance for inconvenience.

The law could further boost the state’s already vibrant financial services sector as well as spur additional innovation across the state’s economy, writes Valentina Isakina, financial services marketing director for JobsOhio.

PayPal's new Funds Now service should be the norm, according to the company, which will provide immediate funds access to small businesses in good standing.

While certainly connected in both concept and actuation, those with an interest in this burgeoning marketplace will be wise to note that both the risk and the regulatory landscape for existing cryptocurrencies differ from ICOs/tokens, according to Erin Fonte and Ferdose al-Taie, lawyers at Dykema.

Canada’s biggest grocery chain is beating the banks at their own game.

The popularity of technology-driven international transactions are making their way to TransferWise's balance sheet.

A community bank in Pennsylvania made up its own holiday of sorts — including a product demonstration and a 1982 DeLorean reminiscent of "Back to the Future" — to encourage bank customers to try out new fintech features.

Ring's smart doorbell was its billion-dollar ticket to Amazon's empire, which bought the company as part of its move into consumers' homes and communities.