Payments

Digital payments are becoming a critical aspect of nearly every new service for merchants or financial institutions.

With the advent of the quantum computing, current encryption algorithms stand to be broken, and all of our data could be vulnerable as a result, writes Malte Pollmann, CEO of Utimaco.

Starbucks achieved rapid adoption of its mobile card app by building it on top of the highly successful Starbucks closed-loop gift card. Such a model could also apply to the cannabis market, which is largely shunned by mainstream banks and card networks.

Credit card and auto loans grew again in the second quarter at the McLean, Va., company, and the net charge-off rates of both business lines fell, too.

India's regulatory approach shows it's serious about supporting myriad international payment technology plays, in contrast to China's doing the bare minimum to satisfy international pressure for openness.

U.S. Bancorp reported record net income of $1.7 billion for the second quarter on record net revenue of $5.6 billion, and corporate payments growth stood out as a key driver.

American Express has spent years developing new marketing alliances and acquiring programs to shed its reputation as a card for the elite. But its success still hinges on premium cardholders.

The Fort Worth, Texas, company will be competing in a segment of the U.S. card market that has grown more competitive in the last few years.

Businesses that stick with the single gateway strategy will eventually find themselves challenged to grow with customer demands, as well as expand globally. As businesses grow, multiple payment processors are not only preferred, but required, writes Krish Subramanian, CEO and co-founder of Chargebee.

Analysts had expected the New York-based firm to boost its forecast as consumers increased spending on its cards.

Large card issuers began banning cryptocurrency purchases on their cards in February. But fintechs are allowing consumers to purchase and invest in digital currencies, and they say the risk is minimal.

The acquirer OLB Group is positioning itself as a data steward for a future in which merchants will have predictive data to inform decisions on financing.

If an employee is in need of money and struggling to wait for payday, ZayZoon wants "payday" to mean any day the employee chooses to receive those funds from an employer.

Goldman’s new CEO is expected to instill more corporate discipline; second quarter earnings jumped nearly 40% compared to a year earlier on higher revenues.

A few early adopters — mostly restaurants — have gone cashless, but many merchants have concluded that cash must remain on their menu of payment options.

Since blockchain technology is based on the core principle of decentralization, it provides an opportunity to break through the multiple middleman fees with an alternative low-fee digital payments network, writes Sarthak Moghe, CEO of TillBilly.

Contactless card and mobile payments are set to see significant uptake in Australia, already a world leader in contactless card acceptance, as the country starts to implement open transit payments.

London-based Shieldpay will expand its reach in the U.S. this year through a partnership with AutoClassics.com.

Both PayPal and Citigroup are taking a bigger role in the market for cross-border payments, a strategy that led both companies to participate in a $50 million round in PPRO Group, a U.K.-based cross border e-payment company.

With Walmart reportedly weighing bids from Capital One alongside incumbent Synchrony Financial to handle its private-label credit card account, Synchrony's use of data and artificial intelligence are more important than ever.