Payments

Dynamics Inc. has been committed to bringing high-tech multi-account cards to market for years, but it's tough to sell banks on pricier plastic in the age of mobile wallets and e-commerce.

The San Francisco startup behind the cryptocurrency XRP claims it can send money around the world faster, cheaper and with greater transparency.

One of the options for brick and mortar to strike back at e-commerce is real-time in-store analysis, where nascent technology gives consumers the a personalized experience without stopping to pay or engage with staff.

Despite the mad rush among investors to buy up bitcoin, XRP and other prominent cryptocurrencies, these digital coins have largely failed to operate as instruments for payment. MoneyGram's deal with Ripple might change that, or it might be the first nail in the crypto coffin.

U.S. Bank, Bank of America and other firms are looking toward the day when the ultimate virtual assistant arrives, one capable of being personalized and working on any device.

Criticism of payday lenders is deserved and Congress should not throw out the CFPB's short-term lending measure.

Ripple, the startup looking to help the financial industry speed up payments with blockchain technology, said MoneyGram International Inc. is testing the use of its XRP digital currency to move funds.

Many organizations wait for a customer request before they will convert a document to an accessible format and do not advertise the fact that they can offer accessible documents, so many customers don’t realize they can request them, writes Ernie Crawford, president, CEO and founder of Crawford Technologies.

The long-rumored U.S. launch of LG Pay looks finally set to happen.

It's been a little more than three years since Apple Pay made its debut. Today it is joined by Samsung Pay and Android Pay/Google Pay—along with several proprietary concepts from major banks and merchants. But despite millions spent on promotions and marketing for the various concepts, mobile payments volume is still weak.

While the intermediaries that record and verify transactions such as payments are removed, the remaining parties may not be ready for shifting responsibilities to guarantee transactions, writes Sebastian Venderzeil, a director at Cornerstone.

Petal has received a $13 million funding round from Valar Ventures, a New York-based venture capital fund that specializes in financial technology, to use artificial intelligence to fill holes in legacy risk vetting.

The central bank is beginning to consider the possibility of a “digital dollar,” which will foster more efficient and transparent payments.

The Colorado-based credit union will disburse payments to members all year long.

Outstandings top 2008 high mark, prompting some concerns; big banks are expected to take $31 billion in writeoffs from fourth quarter earnings due to tax reform.

The McLean, Va., company said that the personnel moves were unrelated to either its financial performance or its risk performance.

The payments company will pay $321 million for Crestmark Bank, a commercial lender that focuses on asset-based lending, equipment finance and government-guaranteed loans.

Alliance Data Systems is developing a co-branded credit card and a private-label credit card program with Sweden-based Ikea’s U.S. furniture store operations.

The late-payment rate on loans frequently used to consolidate credit card debt hit its highest level in more than four years.

Consumers are on the cusp of a seismic change in our relationship with the automobile, one that will have significant implications for stakeholders in the banking and payments landscape.