Payments

Rising losses and chargeoffs at JPMorgan Chase and Citigroup could be an indication of future trouble at other banks. Still, executives are bullish on cards and argue that the loss rates are logical consequences of rate hikes and attempts to expand card business.

Mike Kennedy is OFX's new president for North America, providing more local digital payment experience for the Australian-based international transfer company.

Most financial institutions use outdated legacy systems that are siloed by factors such as lines of business and geography, writes Suresh Ramamurthi, chairman and CTO of CBW Bank.

Omnyway wants to boost its global reach, necessitating a geographically diverse range of investors for its $12.75 million funding round, led by Nyca, CommerzVentures and CEFIF.

Using an automated solution to process virtual card payments is the first step in overcoming the challenges of this payment technology, writes Ed Jordan, CFO of Billtrust.

Amazon is giving its Prime members another channel for spending with a service for teenagers to do their own shopping on a household account, subject to parental review.

Discover joined Apple Pay nearly a year after the mobile wallet came to market, so it has some catching up to do if it wants to be the top-of-wallet choice. Its new in-app rewards feature may give it the visibility it needs.

It has now been two years since the EMV fraud liability shift took effect in the U.S. for most companies. This is enough time to evaluate the EMV migration's effect on fraud, and whether it can be blamed for anything happening in digital channels.

Though the project remains in its early stages, Overstock’s share price rose representing a broader interest in the cryptocurrency exchange market, writes Jason English, vice president of protocol marketing at Sweetbridge.

Automated payments, IVR and emerging innovation are necessary to jolt payment performance, writes David Yohe, vice president of marketing at BillingTree.

Standard Cognition's Michael Suswal says his company — often compared to Amazon Go for its cashierless checkout model — is not racing to market against Amazon. But he does admit there's a benefit to getting there first.

The bank is upgrading its ATM network to work with Apple Pay, Android Pay and Samsung Pay, allowing easier cash withdrawals and other cardless ATM transactions.

Canadian startup Payment Rails, which aims to use APIs, blockchain and artificial intelligence to find efficient routes for cross-border payments, has closed a seed round bringing funding for its concept to $1.1 million.

Bill.com's efforts to crack one of the last bastions of paper checking with automation has drawn a fresh $100 million investment round.

On Jun. 30, 2017. Dollars in thousands.

With Apple’s WWDC, Zelle, PayPal’s Venmo and Square Cash, competition in the consumer payments space is about to kick into high gear, writes Josh Hawkins, vice president of marketing for the Boston-based digital payments company Circle.

A big reason Wal-Mart Stores Inc. paid $3.3 billion for Jet.com last year was the startup’s unique “smart-cart” system. Now, it’s coming to Wal-Mart’s own site.

AR technology is not all that new, but its wider support could bring fresh ideas to brick-and-mortar retail.

It’s not a question of "if" mobile contactless and camera-based payments will become the norm – it’s a matter of "when," writes Julian Wallis, East Kilbride, U.K.-based sales director in the payments group at Rambus.

Payments services provider INTL FCStone is offering a real-time exchange rate feed for its corporate customers to better calculate the cost of cross-border payments.