Payments

Brim Financial is the only non-bank or credit union to have an issuer licence from Mastercard Canada. Unlike other countries, Canada doesn't require credit card issuers to have bank licenses or bank sponsors.

For Citigroup, a change in how it plans to operate in the U.S. is all about streamlining operations so its global network can be on the same page regarding product development, payments technology and card portfolio growth.

With more than double the amount of transactions of PayPal's Venmo service, credit union analysts expect usage of the P2P payments service to continue to rise.

Processing.com has 25 acquiring banks lined up as its transaction network, creating a safety net for dealing with high-risk merchants.

Cardlytics has added Wells Fargo to the list of banks using its card-linked offers platform after a successful pilot, joining JPMorgan Chase and Bank of America, the latter of which has leaned on Cardlytics’ marketing service since 2012. Notably, these rivals aren’t demanding exclusivity.

Two years after Citi launched more than 7 million contactless-enabled Costco credit cards in the U.S., Costco has finally enabled tap and pay at its U.S. stores.

The card issuer Synchrony will continue to manage three cards for the national hardware chain. The timing is good as Synchrony recently lost a deal issuing cards for Walmart.

The agency’s move to offer a national charter for fintech firms will undermine state authority and give certain firms an unfair advantage.

Anand Selva, a longtime Asia hand, will head up U.S. consumer banking; several startups are backed by traditional card issuer veterans, such as former Citi CEO Vikram Pandit.

B2B payments have long lagged consumer transactions in adopting new technology, but fintechs have recently increased automation in an attempt to reduce manual and paper-based processing.

Consumers generally approve of GDPR’s goals of tightening data-protection and consumer privacy, and more than half would consider fleeing to another provider if they suspected corporations were unclear in their communications or intentions about gathering data.

Citigroup Inc. is restructuring its consumer banking operation in a shake-up that includes the departure of its global credit card chief.

Generation Z and later groups will increasingly demand alternative salary options, including bitcoin and other cryptocurrencies, according to David Johnson, founder and CEO of Latium.

Health care's a vertical that keeps coming up over and over as a laggard that sticks to paper, manual forms and other legacy payment methods, mostly because of the number of documents that would need to be digitized for even one part of the process to enter the modern age.

Cryptocurrency generates an absurd amount of skepticism and fear, but taking a clear-eyed view reveals a path to stability and sustainability, including the inevitable adoption of crypto in P2P lending, writes Stani Kulechov, founder and CEO of Ethlend.

Facebook in May placed Marcus in charge of a blockchain initiative, which would likely include some of the same work that is taking place at Coinbase.

PayNow Corporate enables corporations, businesses and government agencies to pay and receive funds instantly by linking a unique entity number to their Singapore bank account.

Each of these wallets has developed its own personality — and, presumably, its own must-have feature to pull consumers and merchants away from the competition.

The U.S. companies agreed to reduce the average annual interchange rate in Canada by 10 basis points to 1.4 percent on cardThe new rate takes effect in 2020 and runs for five years. The government estimated that small and medium-sized businesses could save C$25,000 over the period.

While using a cryptocurrency as a means of payment instead of an investment may not be unique, most are challenged in environments that require speed, security and the need to work around cash or payment cards. Dash attempts to differentiate from competitive cryptocurrencies, including bitcoin, by addressing those concerns.