Payments

Risk management and payments technology provider linked2pay says paycosmos has become the first independent sales organization to offer its merchants the Instant Merchant Settlements service.

Air Canada and its banking partners sweetened their bid for Aeroplan, winning over Aimia’s board and an activist shareholder that was seeking a higher price.

The Community Reinvestment Act can lower — not increase — bank credit availability in some low-income regions, and the OCC should reconsider holding fintechs to the same standards with its new charter.

The subscription payments market is increasingly popular, but acquirers won't get by on only handling the payments.

Equity Group Holdings Ltd.’s financial technology unit is in discussions with six Ethiopian banks to collaborate on cross-border mobile payments and e-commerce.

In Vietnam, where 80% to 90% of transactions are still conducted in cash, Kienlongbank is the latest to announce a credit card for Vietnamese consumers who shop and travel internationally.

Thanks to the downstream nature of technology, what was once the domain for large organizations is now accessible to organizations of all sizes, writes Ralph Perdomo, a research analyst at Nvoicepay.

On Mar. 31, 2018. Dollars in thousands.

The bank said it has received subpoenas related to low-income housing tax credits; write-offs of bad credit card debt creep up.

Installing a modern payment gateway, for example, makes the checkout process more convenient, speeding up order processing while offering alternative payment methods, saved customer information and location-specific options, writes Amit Bhaiya, co-founder and CEO of DotcomWeavers.

One expert says the U.S. lags behind other countries, but changes are coming soon – and fast.

With increasing value propositions, use of Apple Pay for in-store purchases should continue to increase, writes Mohammad Khan, president and co-founder of Omnyway.

American Express is entering the arena of wearable payments in offering the Amex Band to cardholders attending the US Open tennis tournament in New York.

Domestic card growth has not lived up to the bank’s expectations, even after its Costco coup. So it is making changes here to get product development, payments technology and card portfolio management on the same page worldwide.

The U.S. may be next to see a surge of contactless credit cards, following other major markets around the world. But it’s unclear whether enough U.S. consumers are interested in contactless payments for issuers to make the investment.

When there are leadership roles for women in the payments industry, the individual, the entire company, its workforce and the industry thrive, writes Lisl Dutterer, executive director at Wnet.

Texas-based digital gift card platform company Swych has launched a gift card service for instant cross-border gifting to India following its recent acquisition of GiftCardsIndia.

Wyre has entered into a definitive agreement to sell the majority of its retail money transfer business to WorldFirst, giving the seller a chance to focus more on its cryptocurrency strategy.

Zelle is working on ways to ensure that customers can safely pay small businesses as well.

Happy Money and Arcus have joined a pack of fintechs and online lenders urging customers to forgo expensive credit card debt, in this case calling it a "sad spend."