Payments

As many tech companies push to counter the use of cash in favor of cards and mobile wallets, some merchants are pushing back by urging the use of cash.

PayPal's February acquisition of TIO Networks is the latest example of a growing trend of financial services providers targeting the underserved, developing products that bring the cash-heavy group into the digital payments fold.

ICBA Bancard is partnering with the payments provider linked2pay to more easily deploy Automated Clearing House and other transaction types through a cloud-based platform.

Operating from Kansas, payments processor Euronet Worldwide has been working furiously—and quietly—on a way to disrupt China-based Ant Financial's deal to buy Dallas-based MoneyGram ever since news broke in January.

Google Wallet may have passed the in-store and in-app payments baton to Android Pay late in 2015, but it has simplified its person-to-person payment capabilities by extending its Gmail integration to Android phones.

Euronet Worldwide Inc. offered to buy MoneyGram International Inc. in a cash deal that the firm said values the company at a higher premium than a competing bid from billionaire Jack Ma’s Ant Financial.

Financial institutions see their best chance to repeal interchange debit fee caps, but merchants are confident they can prevent Congress from taking up the issue again.

A new cap on credit-card transaction fees that comes into force on July 1 means there’ll be less revenue available to fund lavish award programs.

The shape of health care reform is a work in progress politically. But removing paper from billing should be a noncontroversial piece of the solution.

Samsung, terminal manufacturer Ingenico and Swiss app developer Smartlink are teaming up on an odd premise: Rather than treat wearables as vessels for a mobile wallet, treat those devices as a handful of bills and coins.

3-D Secure has had its struggles as a standalone fraud solution, but the 15-year-old authentication system is playing a key role in a new e-commerce security product from Simility powered by artificial intelligence.

Seoul-based Viva Republica, which is seeing brisk growth with Toss, its person-to-person payments app, recently drew $48 million in venture capital funding. The series C funding round was led by Silicon Valley’s Goodwater Capital, along with PayPal, Bessemer Venture Partners, Altos Ventures and Partech Ventures.

Chase Pay is the result of years of investment in ChaseNet, a closed-loop system that allows JPMorgan Chase to cut costs in a way few other banks could. So what value — if any — does Chase get from buying the discarded remains of the MCX merchants' mobile wallet?

Many banks and money transmitters have built successful billion-dollar businesses around P-to-P payments without social sharing and letting users send emojis.

Mobile money apps have proven to be a major force in building financial services in emerging economies, but under the hood they can be starkly different.

The industry has made great strides in faster payments over the past year. Even more cooperation among stakeholders will be needed in the year ahead.

The technology from MCX's CurrentC wallet, which never formally launched, will get new life with Chase Pay, which debuted in 2016 with Starbucks, Best Buy and commitments from MCX members such as Walmart.

Republicans repeatedly claim that the Dodd-Frank Act has hurt consumers by raising costs and hampering credit availability. But the data doesn't back that up.

The move may prove particularly helpful in reaching rural parts of India, where the latest smartphone technology has not arrived.

The certification covers compliance, risk and strategy expertise as the payments industry becomes increasingly digitized and global.