Payments

Following a series of high-profile merchant defections, the Plenti multi-merchant rewards program will end on July 10. The program's treatment of merchant exclusivity may have proven too limiting.

Contractor invoices are sent up a long string of approvals and payment is sent back down that long string before they are ultimately paid, writes Will Mitchell, co-founder and CEO of Contract Simply.

The cashierless Amazon Go concept is inspiring fear in traditional U.S. retailers, but the idea is already mainstream in China — with one chain opening 300 locations in just two years.

Whether the threat stems from technology or human nature, fraudsters are exploiting any opening they can.

Developers will struggle to create apps that can be used seamlessly across institutions unless banks can learn to share programming data in a consistent way.

Driving an Uber car isn't like many other jobs, and drivers' payments and expenses are also very different. Much of those differences are built on Green Dot technology, and the bank is ready to see if its platform can work for more than just Uber.

Since payments are often integrated directly into business tools, it's time for ISOs to take a deeper look at the new landscape and re-evaluate business strategy, according to Angelo Grecco, chief business development officer at CardConnect.

Apple and Ripple may have a potential idea to remove friction from mobile payments, but the implementation could make for a rough ride.

By reducing, or completely removing, paper-based billing through automation, your company can drastically reduce its environmental impact, writes Colleen Ciak, head of eAdoption at Billtrust.

Concerned about rising default rates, banks "significantly" tightened underwriting in the first quarter, the Bank of England said in a report published Thursday.

Web and mobile bill payment provider Doxo is taking its first step into cash payment options by partnering with Coinstar to enable cash bill payment at thousands of coin-counting kiosks in retail locations.

Ant Financial, the Alibaba affiliate that operates Alipay, is planning an IPO that could be worth hundreds of billions of dollars — but the funds it could raise are secondary to the consumer population it already controls.

The rapid adoption of voice assistants only adds to the notion they could one day be disruptors in commerce, payments and financial services.

Voice assistants are on a fast track, with ownership of home devices like Amazon Echo and Google Home surging to between 20% and 25% of households from a mere 1% in about two years. The rapid growth is inviting keen interest in many circles about the potential for voice assistants to spark disruption in commerce, payments and financial services.

India’s Unified Payment Interface is a model that other developing economies can emulate, as they look to move away from cash-centricity and overhaul their own payments infrastructure in pursuit of speed, security, auditability and financial inclusion, writes Anoop Villait, managing director of corporate development at Transpay.

U.K.-based companies WorldRemit and Lebara have formed a strategic partnership that will give Lebara’s 3 million mobile telecom customers direct access to WorldRemit’s digital money transfer service.

The Middle East presents a rare opportunity for digital payment innovators to access a populous and high-spending region with good levels of connectivity, writes Tom MacDonald, financial and business services practice head for Global Growth Markets.

It's no surprise that London topped the chart of "Cashless Capitals" in a recent study, considering its status as a major fintech hub of the U.K. But this wasn't enough to make it the country's contactless capital.

Developers will struggle to create apps that can be used seamlessly across institutions unless banks can learn to share programming data in a consistent way.

In seeking to solidify that potential, FIDO Alliance and the World Wide Web Consortium have created Web Authentication (WebAuthn), a new standard that allows approved FIDO Authentication methods to operate through browsers.