Payments

Amazon has been making some aggressive moves in the grocery industry in recent months, but perhaps none so aggressive as its just-announced deal to buy Whole Foods for $13.7 billion.

In order for Apple to achieve significant success with its upcoming P-to-P service, the tech titan needs to expand the amount of people who can use the payments feature.

Consumers are making a bold request of their health care providers: Make it as easy to pay for services as it is to buy products from Amazon.com.

The Consumer Financial Protection Bureau proposed further changes Thursday to its final rule on prepaid cards and is seeking public comment on whether to delay implementing it a second time.

Bitcoin sank as much as 19 percent, putting the digital currency on pace for its worst week since January 2015, as volatility climbs following a record-setting surge in the price.

In the race between China’s two leading mobile wallets—Alibaba’s Alipay and Tencent’s WeChat Pay—to expand their users and merchants around the world, WeChat Pay is drawing even in Europe.

With the first half of 2017 drawing to a close, bank executives gathered this week at the Morgan Stanley Financial Services conference to discuss their companies’ performance thus far and, more important, outline their priorities for the rest of the year and beyond. Here are some of the highlights.

Circle free offering leaves a lot of money on the table, but it also stems from a fundamentally different approach to cross-border payments.

Amazon’s new Prime rewards program is the latest way the tech titan is cultivating a loyal use base. To retain and engage customers, banks should follow Amazon’s lead and layer in more value-added services.

The Society for Worldwide Interbank Financial Telecommunication plans to add instant payments messaging for the European market by late 2018, marking another step in its ongoing faster payments projects.

The global push to expand financial inclusion takes many paths, based on the challenges—and unique market advantages—in countries where vast portions of the population lack access to modern banking services.

Corporate fleet card giant WEX is getting into the consumer market for the first time through a partnership with GasBuddy, an app that helps drivers find the nearest gas station with current fuel prices.

Copenhagen-based digital payments specialist Nets is rolling out a service in the Nordic region to screen against fraudulent transactions online, with a particular focus on “clickbait fraud” that aims to entice consumers to unknowingly authorize recurring payments in exchange for nothing.

A deeper dive into the workings of the Amazon Prime Reload program should give the card payments industry serious cause for concern.

Consumers don't want to feel disconnected from retailers in e-commerce, and don't want a complicated checkout experience, writes Jason Fordham, vice president of product at SmarterHQ.

The task at hand for retail app developers is increasingly clear: Make it as easy as possible for consumers to pay through a mobile device.

The trade association has teamed up with Retail Benefits to create "CU Perks," a shopping rewards program for CU members in the Pelican State.

In a move that will certainly cause friction across the card payments industry, Amazon announced a new service called Amazon Prime Reload, which incentivizes newcomers to the program to load funds using a debit card or bank account with a 2% cash back on purchases.

While banks are in various stages of development when it comes to distributed ledger technology, the industry is further along than many would assume, big-bank technology executives say.

WorldRemit is integrating with Android Pay, taking a big step toward streamlining the process for sending mobile cross-border remittances.