Payments

After more than two years of work on its real-time payments rail, The Clearing House senses it has the proper plumbing in place to make any new system hum. And the one thing it wants to make clear: This isn't your father's ACH.

A growing number of U.S. merchants, both large and small, are using online marketplaces to sell their wares worldwide. Payment companies that specialize in currency exchange have taken note.

The PSD2 rules go into effect in 2018, providing a new opportunity for financial technology companies to compete with banks. But there's also an opportunity for banks.

German car maker Daimler AG has acquired PayCash Europe SA as part of its plans for a broad range of new vehicle-related mobile payment services dubbed “Mercedes Pay," in the latest deal linking automobile manufacturers with payment providers.

The online payment service Alipay, an affiliate of Alibaba, is extending its collaboration with luxury travel retailer DFS Group as more Chinese citizens increase their travel frequency to overseas locations.

Over the past five years, the slow-but-steady rise of mobile wallets seemed to signal the end of the plastic card era. But that's not how things played out.

2017 promises to be a defining year for many in the payments industry. Here's a look at what to expect.

Mastercard is launching a mobile payment platform to help farmers be more aware of the needs for produce sales in East Africa, calling it the first use case from technology developed at Mastercard Labs in Nairobi, Kenya, which opened in 2014.

The technology revolution requires ISOs and agents to pursue merchant relationships based on a range of services in addition to traditional hardware.

Corporate clients are increasingly asking their banks to help digitize back-office processes. Such a move can help both parties save time and money.

Hong Kong-based OKLink, a blockchain-based digital payments network specializing in international remittances, is now available in Vietnam, the twenty-first country it's reached since launching six months ago.

Bigger isn't always better; as card issuers compete to bring in more spending, many are rethinking the way they offer rewards. Some of their approaches focus on streamlining redemption, while others dabble with cutting-edge technology such as virtual reality.

Banks have traditionally used consumer products to serve small businesses. The growth of alternative payment options means banks may lose customers, particularly among young business owners.

Mobile payments company Net Element has partnered with the Russia's Airbnb-like short-term accommodation company Sutochno.ru.

Montreal-based Acceo Solutions Inc. and Mastercard have formed a new partnership to expand Acceo’s in-store payment offering for global e-commerce merchants.

Axis Bank, one of India’s largest private-sector financial institutions, has reportedly become the first bank in the country to partner with Ripple for a blockchain-powered approach to cross-border payment.

Driverless cars have become a big deal in technology and automotive circles, as what seemed to be science fiction just a few years ago gets closer to applied science. But once cars drive themselves, what will passengers do?

As consumers use digital channels more, merchants are under pressure to not only make payments seamless, but tie transactions to broader customer-facing and internal functions.

The Society for Worldwide Financial Telecommunication is exploring the potential of distributed ledger technology for banks to provide real-time reconciliation of their databases for accounts they hold in other banks in a foreign currency.

Discover and PayPal have signed an agreement to make PayPal payments available to Discover cardholders, acquirers and merchants.