Payments

Letting employees decide when they get paid through a mobile app that connects to an institution's prepaid card can serve the same purpose as a payday loan but cost the consumer less.

Startups and banks have watched for years as young consumers shifted from credit cards to debit cards to, finally, P-to-P apps. But what's driving that shift may not be what the providers intended.

Amazon has introduced an augmented reality tool, giving customers an easy way to see how an item would look placed on any particular surface using a smartphone camera.

Grab, Southeast Asia’s largest ride-hailing app, is kicking off a new digital wallet service in Singapore as it stakes a claim to the region’s burgeoning mobile payments sector.

American Express will become the exclusive issuer of Hilton Honors cobranded credit cards in January, taking over the entire portfolio it previously shared with Citigroup.

Many standard procedures are possible as there are significant similarities in the information requirements across the globe, writes Zac Cohen, general manager for Trulioo.

Since Zelle's earliest days as the clearXchange network, the banks behind the P-to-P platform have promised that it could have a role in the business world. U.S. Bank has begun the next chapter by offering Disbursements via Zelle.

Letting employees decide when they get paid through a mobile app that connects to a bank's prepaid card can serve the same purpose as a payday loan but cost the consumer less.

Three of Australia’s largest banks—Wespac, Commonwealth Bank of Australia and the National Australia Bank—have joined forces for a mobile wallet joint venture called Beem, with person-to-person payments as the first use case.

Blockchain is a bigger opportunity for business transactions than consumer transactions, according to Mastercard president and CEO Ajay Banga, who is poring over the technology to build use cases for corporate users.

Big banks have raised deposit rates faster than regionals in order to retain depositors; India’s largest payment app wants to expand.

The bank-powered P-to-P app Zelle officially launched in June with a mostly consistent brand across all of its bank partners, but it still struggles with awareness over PayPal's Venmo, which doesn't share its advantage of living inside banks' mobile apps.

Relevance to the consumer is the challenge for banks in the post-PSD2 era and partnerships hold the key, writes Maikki Frisk, Executive Director of the Mobey Forum

PNC Financial is joining the mobile wallet trend with PNC Pay, timed to capitalize on some of mobile payments’ latest innovations.

Payments technology changes rapidly, and cybercriminal techniques have no trouble keeping pace. Against that backdrop, the Payment Card Industry Security Standards Council must set new rules without hindering development.

The European regulation will make data sharing more complex, creating an opportunity for stakeholders to collaborate to build new tools.

It’s vital to work with a payment processor that fully discloses its pricing approach on its merchant statements, writes Jeff Zimmerman, COO of Clearent.

Banks are revamping and investing in new wholesale systems to solve the frustrations felt by corporate customers.

London is battling other cities, which are trying to use the political uncertainty of the U.K.'s exit from the European Union to lure payment startups and other financial technology companies.

Fleetcor is diversifying its core fleet card business, adding digital gifting and expanding business payments technology and analytics.