Payments

The bank said it kept fee rebates that should have gone to a small pension fund; some women say the company's “bro” culture hinders their advancement.

Welcoming automation into our industry with less friction and fear happens when we understand its overwhelming benefit to our futures and the quality of our work, writes Lauren Ruef, a research analyst for Nvoicepay.

The prepaid card issuer is attracting customers who are more inclined to seek it out through the app store.

Instead of expanding Alipay’s geographic reach across the U.S. and Canada, Alipay is doubling down on merchant acceptance in urban areas and tourist zones to drive more spending volume.

The deal, Walmart’s biggest ever, gives it greater access to India’s e-commerce market, which Morgan Stanley has estimated will grow to $200 billion in about a decade. But it will take some time for the business to turn profitable.

Millennials view the ATM as central to how they manage their money and go about their daily lives, writes Yonas Marcos, president and CEO of Star Financial Services.

When EMV chip cards were launched in the U.S., the initial fear in the security and payment industries was that fraud would migrate to e-commerce. But the migration has actually moved further along to the more lucrative venue of real-time Fed-mandated ACH payments.

Blockchain's decentralized model can help avoid the "insiders-only" tendencies of centralized markets while distributing risk, contends Donika Kraeva, strategic communications manager at Dentacoin.

The banks contend distributed ledger technology (DLT) makes it easier to coordinate trade finance deals. And the use of smart contracts can help parties comply with contractual obligations such as staged payments.

Even as banks have built up their defenses, fraudsters continue to find new ways to try steal consumers’ identities to open accounts, take out loans or intercept payments.

Both executives assume their new roles as the Citi unit faces competition from both large banks and fintechs in the cross-border payments market.

The restaurant technology is a category-specific move that mirrors a broader strategy at Square, which has spent hundreds of millions of dollars in the past few months to round out its merchant services products.

The expansion of Visa Direct is designed to speed disbursements for health care patients who can receive an instant payment versus waiting several days to a week for payout.

How a measure to make opening online accounts easier was crafted — and why it needs to pass Congress.

About 175 million Americans now have access to a credit card, and the delinquency rate has gone up along with that, but an expert at TransUnion, which issued the data Tuesday, said the underlying metrics suggest there is no cause for alarm — yet.

January 14, 2020 seems like a long way away. But there are less than two years before the Windows 7 cut-off date hits; and time flies when it comes to ATM upgrades, writes Paul Albright, executive vice president of Outsource ATM.

This deal is the fifth investment for Gulf Capital in the technology sector and is part of its efforts to develop the payment and digital financial transaction sector in the area.

Regardless of which bank a consumer uses, the Zelle interface should look more or less the same. This is the part of the customer experience Zelle controls and sells to consumers, making it the best way to deliver its security message.

Microsoft will use the Stripe Connect platform to enable hundreds of millions of Outlook users to immediately pay invoices and bills received via email in more than 135 countries.

Companies such as FleetCor, WEX and U.S. Bank Voyager are in a fierce competition that's driving a wave of innovation as these companies look for advantages in fuel, lodging, tools and other expenses.