Payments

The Trump administration is “sounding a friendlier tone” toward bankers following the Obama chill; credit bureau takes steps to limit the financial damage.

Financial institutions process hundreds of thousands of interbank payments per day on behalf of their clients, which can be revolutionized by blockchain, writes Angel Diaz, vice president of technology and advocacy for IBM Digital Business Group.

Because wearable payments technology is still considered experimental, it is important to address security before the market for such products gets much bigger.

As the banking industry moves closer to adopting a faster payments system, bank executives have begun to think through the impact it will have on clients and banks themselves.

The spread of Alexa, Siri, Google Assistant and Samsung's Bixby is changing the way consumers interact with technology. Behind the scenes, artificial intelligence is doing more than ever to handle and protect payments.

Most larger credit unions have reissued chip-enabled cards, but some small CUs have lagged — and it’s nearly impossible to get an industry-wide picture of where adoption stands.

India’s IDFC Bank and local mobile wallet provider MobiKwik are collaborating to provide a virtual prepaid Visa card for nearly 65 million MobiKwik users.

Turkey’s domestic card scheme Troy, launched in April 2016 by a coalition of 10 local banks, now supports card transactions outside of the country through a deal with Discover Financial Services.

Over the years, Square has evolved from a supplier of simple card readers to a provider of diverse omnichannel services. But the consumer market has always eluded it.

Many companies in the payments realm want to be seen as the next Uber, but Uber's Asian counterpart Grab is working to become something else — the next Octopus.

This might sound eccentric, but gamers are serious about virtual goods, which is being played out in the billions of dollars that they are spending each year on these items, writes Malcolm CasSelle, president of Worldwide Asset eXchange.

TransferWise, one of the fintechs that have challenged old-school banking models for international transactions, is entering a new phase that adds geographies and different markets for its account alternative.

Square Inc. reported earnings that exceeded analysts’ expectations and raised its full-year forecast, bolstered by larger merchants that are increasingly using its platform for payment transactions and buying business software services.

Call centers are becoming a prime target for fraud due to some shockingly lax controls and the ease of social engineering attacks in an environment where employees are trained to put the customer first.

New payments systems will allow everyday financial tasks such as paying bills, issuing invoices, making payroll, or settling insurance claims to be easier, faster, safer, and more efficient, writes Jim Aramanda, president and CEO of The Clearing House Association and Payments Company.

As blockchain becomes increasingly popular, heightened levels of data protection and customer awareness of its use become a reality, writes Abhishek Pitti, CEO of Nucleus Vision.

Apple Inc. is nearing the rollout of Apple Pay Cash with the person-to-person payments service’s debut today as a public beta test, five months after the initial announcement.

American Express Canada is launching a digital payment solution that replaces plastic cards with virtual account numbers.

USA Technologies, a provider of payments technology enabling card and mobile payments at vending machines in the U.S., is buying Cantaloupe Systems, which has its own line of vending machine payments solutions in the U.S. and other markets, for $85 million.