Payments

Sometimes an idea is ahead of its time. Many of the most ambitious products in payments and fintech were dismissed as absurd or over-ambitious at the time — only to feel perfectly normal years later as culture and consumer habits evolved.

A crucial challenge for payment apps and cashless banking is how they adapt to provide services for the unbanked, writes Michael Kordvani, head of SEO for app development agency Fueled.

The mobile POS hardware and software provider is propelling its relationship with Apple to deliver technology for Major League Baseball that will allow entry into stadiums through digital tickets and Near Field Communication readers.

The rapid development of the Indian mobile wallet market demonstrates the importance of reactivity and adaptability. Huge opportunities await those who can successfully navigate the transformative impact of regulation, emerging technologies and shifting consumer expectations, writes Elina Mattila, executive director of the Mobey Forum.

David Nelms said that many digital lenders do not understand how to underwrite personal loans properly, and he took a dig at their lack of profitability. The upstarts say their industry's ability to attract capital speaks for itself.

The hunt for solid credit card customers is driving issuers to try creative new approaches, including digging deeper for good prospects who fall outside the usual parameters of U.S. credit scoring models.

Apple is not going to sit idly as Facebook transforms its Messenger app into a platform for P-to-P payments and commerce.

Tender Armor, which offers a fraud-prevention tool that requires consumers to enter a special code for each online purchase, has attracted private equity funding to expand its development three years after the company’s inception.

E-commerce merchants are juggling several challenges at once, creating potential business-threatening gaps Worldpay and Vantiv say can be bridged by their merger.

Digital channels are likely to delight customers, but poorly performing websites are a major concern, especially as these sites come under heavier traffic loads, writes Mehdi Daoudi, CEO of Catchpoint.

The credit card lender said late payments increased during the quarter but that it expects them to level off in 2018.

Plans by IDT and MercuryFX to test XRP for cross-border payments are another vote of confidence for Ripple’s products.

If e-invoicing were adopted by more organizations, many of the issues that currently cause late payments would naturally evaporate, leaving leaders more resources to seek out and identify opportunities for business improvement in this year and beyond, writes Richard Hurwitz, CEO of Tungsten Network.

Much like small businesses, small banks can't take on huge IT projects and rely more on targeted deployments to build a user base for future technology.

Alipay and WeChat have become so common in China that many tourists are finding it difficult to pay for goods and services without the apps, writes Mike Ward, CRO and CEO of North America for WorldFirst.

SoFi's experience shows that the most prominent names in fintech, while generating massive financial support, still operate in a very volatile world.

Consumer lending was a bright spot, but a series of one-time charges, capped by a writedown on its deferred tax assets, led to a nearly $1 billion loss.

Wirecard has introduced a feature that uses payments data to shape marketing offers and loyalty programs in the travel industry.

The work of the famed psychologist Daniel Kahneman provides insights into how bankers can make better business decisions around cryptocurrency and other investments.

The client groups aim to take an active role in shaping the future of payments.