Payments

In a relationship-based business, it’s not enough to sell your customers a sharp tool to pay for things. You also have to help them avoid cutting themselves with it.

Payment technology and card network veteran Lance Johnson is the new executive director of the PCI Security Standards Council, effective January 2018.

Bandwidth, sophisticated content and store locators can all help retailers draw and keep consumers as digital shopping and payments become mainstream, writes Herman Yau, CEO of Tend.

JPMorgan Chase & Co. will soon kick off a cash-back incentive for credit card customers who pay with a mobile wallet, and it doesn’t matter if the transaction is handled by its proprietary Chase Pay platform or Apple Pay, Android Pay or Samsung Pay.

The key to safety is not just the proliferation of investment options, but also the knowledge that hopefully accompanies it, writes Stephen Bielecki, a lawyer at Kleinberg, Kaplan, Wolff & Cohen.

Trellance is designed to offer credit unions innovation on programs and services.

Millennials aren’t the only ones who want convenience — everyone, regardless of age, wants it. Where age comes into play is just how someone defines what ‘convenience' is.

One of the indirect offshoots of Brexit is a government program that's designed to keep the U.K. relevant by lending a hand to new companies.
The program, FCA Innovate, may have a global effect by nurturing companies that aim to retire static authentication modes such as usernames and passwords.

Nigeria’s ProvidusBank is the first in the region to launch a World Elite Mastercard, a credit card offering rewards and travel perks such as global concierge services.

In a move designed to strengthen its capabilities for integrated payments, processor and technology provider Total System Services has agreed to acquire Cayan for $1.05 billion. The news shortly follows another deal valued in the billions — Thales agreeing to buy the chip maker Gemalto for $5.4 billion.

If we are going to make these global transactions easier for payers and receivers, these incumbents have to accelerate their progress and level of innovation, writes Mike Massaro, CEO of Flywire.

The cloud, open development and onboarding tools should get a boost from PSD2, with mandates that banks make it easier to share payment data with fintechs in Europe.

SMBs are choosing virtual cards as their preferred form of electronic payments because they solve many of their payment challenges, while also helping them avoid the costs associated with custom software solutions designed for larger businesses, writes Blair Jeffery, COO of Noventis.

Coinbase wants loans, venture capital, payments, accounts receivable and stock trading done with electronic currency, using Coinbase instead of banks.

While at Klarna, Billingsley collaborated with Modo as part of a partnership between the two companies.

As shopping habits evolve, e-commerce and m-commerce methods such as in-app and one-click ordering are becoming increasingly popular. In addition, the exponential growth of the IoT is introducing a wealth of new payment use-cases, such as connected cars, writes André Stoorvogel, Director, Product Marketing in the Payments Group at Rambus.

More retailers are accepting mobile wallets, but few agree on what that entails. Many stores are coming up with their own wallets by building on past successes or burying payments deep under the surface of their mobile channel.

Bank of Canada governor says digital currencies could cause “significant disturbance”; JPM testing quantum computing's abilities.

With the holidays fast approaching, the attention of watchdogs, regulators, merchant acquirers and processors needs to be on both the bottom line and the more sophisticated forms of online fraud like transaction laundering, writes Ron Teicher, CEO and founder of EverCompliant.

Interac's e-transfer system has jumped in usage, and has become a gateway for myriad other services including a collaboration with MoneyGram.