Payments

When Zelle launches, it will not allow users to share information about their payments with other folks in their network. That decision puts the P-to-P service on a different course than Venmo, its fast-growing rival.

In the gig economy, more companies need to make more frequent payments to workers, and that need is being met through the use of open development tools and web delivered services to power complex transactions.

Most new payments and financial services innovation isn't tied to the actual payment, making hosted and cloud solutions a good fit for right sizing resources.

On Sept. 30, 2016. Dollars in thousands.

When Zelle launches, it will not allow users to share information about their payments with other folks in their network. That decision puts the P-to-P service on a different course than Venmo, its fast-growing rival.

London-based Prepaid Financial Services (PFS) has purchased Malta-based financial services software development company Spectre Technologies.

India's latest government-supported payments initiative, Bharat QR, officially launched on Monday, aiming to provide an interoperable mobile payments platform linking small merchants and consumers across channels via several major card payment networks.

For some time now, restaurant chains have been adding mobile order-ahead options, betting they’d be popular with their customers. But even they were caught off guard with just how big of a hit the technology is turning out to be.

International money transfer service TransferWise Ltd. has announced an integration with Facebook Inc.’s Messenger that will let people set up foreign exchange transactions over the chat service.

When e-commerce fraud spikes, it can be tempting for merchants to pile on more controls and risk turning away otherwise legitimate transactions that appear to be fraudulent. The alternative is often to shut off these controls altogether and leave themselves vulnerable to criminals.

The mobile device and its embedded technology can make a strong combination to protect user ID, and comply with new European regulations for security.

The number of new checking accounts at the embattled Wells Fargo fell by double digits year over year, and account closures remained brisk. Yet the figures on credit card applications were worse.

MoneyGram has deepened its reach in Ghana’s busy remittances market with a new partnership with Accra-based Capital Bank, its fifth alliance with a major financial institution in the country.

U.S. households increased their borrowing in the final three months of 2016 at the fastest pace in three years, according to the Federal Reserve Bank of New York.

More everyday products are becoming connected devices, including refrigerators, washing machines and even mirrors. As each household item evolves, companies are eager to transform them into channels for shopping.

Buying clothes can be a tedious process of waiting in lines to get into the dressing room, and then waiting in line again to make a purchase. As it turns out, eliminating the second half of this process can also reduce the first half.

Linking payments accounts to public profiles is a convenience that makes digital payments as easy as typing a tweet, but after a high-profile trolling incident involving one of President Trump's closest colleagues, it seems there are still issues to work out.

The Canadian Federation of Independent Business (CFIB) and Mastercard have reached an agreement that will reduce payment card interchange rates for members of Canada’s largest small-business organizations, bringing them on par with large merchants’ rates in the market.

The rush to stake out central roles in the emerging Internet of Things is picking up speed, with IBM and Visa announcing a partnership for adding secure payments technology to everyday objects, including vehicles.

A dozen global transaction banks are now using the Society for Worldwide Interbank Financial Telecommunication's new global payments initiative service to improve cross-border payment delivery.