Payments

Total System Services has extended a multi-year agreement to support Tesco Bank's credit card business in the U.K.

India’s largest digital-payments company, Paytm, is seeking a license to set up a money market fund where users can store cash and earn interest, in competition with the country’s banks, according to a person familiar with the matter.

Hike Messenger has become the latest to join India’s already busy digital-payments segment.

Mobile ATMs are generally more secure than card-based machines, but still require more security than more traditional digital transactions, writes Sam Shawki, founder and CEO of MagicCube.

When Wikimedia tries to collect payments in Latin America, it's a mixing two unusual activities. It's a San Francisco-based organization that doesn't have a large presence in the region, and even on its home turf Wikimedia generally doesn't collect frequent payments from consumers.

Automated messaging platform SnatchBot will allow payments inside chatbots by linking to merchant PayPal accounts, making it easier to pair transactions with digital conversations.

Most small U.S. companies don't have the brand awareness in China to stand out among the millions of goods on Alibaba's websites. Alibaba is the virtual mall that houses the brands, but sellers are in charge of production and distribution with little clarity on the demand for their wares.

Getting a new payment terminal with advanced capabilities is not unlike getting a new phone or computer with its bells and whistles — there's so many new features that some will no doubt go ignored.

Passengers are warming to non-travel mobile payments, and the technology is advancing to enable mobile payments in flight, writes Kristian Gjerding, CEO of CellPoint Mobile.

With midsize businesses still handling the majority of their accounts payable via checks, large corporations are reaping the benefits of digital or card payments. A lot of this has to do with a misunderstanding of the options available to them.

The $13.7 billion acquisition could have significant implications for swipe-fee revenue and other grocers' in-store branches. It also raises the question of whether the Seattle e-commerce goliath will soon set its sights on the financial services industry.

Until now, Amazon's moves seemed like cautious pokes at the deeply ingrained habit of going to a store and paying with a plastic card. Furthermore, any competitors may have seen Amazon's lacking retail store presence as a buffer that kept them at least temporarily safe from the same fate that befell the bookselling world. How naive they were.

Amazon is working aggressively to change the way people shop — especially in the grocery space — but not all of its activities focus on products and store design. The e-commerce giant has also influenced a lot about how people use their payment cards.

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.