Payments

It’s been more than a year since Michael Abbott, former CEO of the ill-fated mobile wallet venture Softcard, moved on. Behind him is five years and millions of dollars spent by the major U.S. mobile network operators — and a wealth of experience that can benefit anyone looking to do better mobile payments' next chapter.

The web hosting company GoDaddy has streamlined the checkout process for small business customers using its Online Store services, including adding Apple Pay to speed mobile e-commerce transactions.

Carrier billing provider Boku says it has expanded its agreement with Microsoft to provide services for the first time in France to all Windows 10 devices on the Orange France network.

Continuing a fast global expansion pace for both companies, digital money transfer providers WorldRemit and Xpress Money are partnering to open new remittance routes to Southeast Asia.

International mobile money transfer firm WorldRemit is in the midst of a broad expansion of its services to various global regions, relying on a handful of strategic partners with a focus on new regions.

Two clients of French bank BNP Paribas processed and cleared several live payments over the bank’s Cash Without Borders product.

Most consumers aren't rushing to throw out their plastic cards in favor of mobile wallets, so the banks and tech companies behind payment apps have to get creative. Here are some of the most noteworthy promotions.

Though cash remains the most prevalent form of payment in Africa, some companies are setting the wheels in motion for a much-anticipated e-commerce revolution.

A Seattle virtual currency provider is embedding its service in Starbucks' popular mobile app.

Opposition is lining up against the Consumer Financial Protection Bureau’s arbitration plan. A Republican-controlled Congress is expected to overturn a final rule even as industry groups file lawsuits to stop it from going into effect. Some attorneys think the arbitration rulemaking is already dead on arrival.

A new analysis from the Federal Reserve shows checks as one of the few non-cash payment types to decline, while many others are on the rise.

The growing number of P-to-P payment options, including Zelle and Venmo, typically rely on a link to a full-featured bank account to fund transfers. ChimpChange is looking at a different audience.

Citi Treasury and Trade Solutions has appointed Hubert J.P. Jolly as its global head of payments and receivables, effective immediately.

A Danish company called Cardlay has closed a $4 million funding round to deploy its white label card management solution to banks.

The Philippines is considering regulations for digital currencies as the government seeks to bolster protection for the increasing number of overseas Filipinos using bitcoin and its counterparts to send money home.

In the headlong rush to revolutionize modern finance, blockchain enthusiasts are overlooking one potentially costly problem: their applications, built on open-source code, may actually belong to someone else.

President-elect Donald Trump has threatened retaliatory tariffs on China if they cheat on their trading obligations. A good place to start would be China’s payment card market.

Royal Bank of Canada is providing a virtual reality "try before you buy" experience for its RBC Rewards customers.

Merchant acquirers say the industry has worked over the course of decades to improve its ethics. But some acquirers report that deceptive practices and dubious tactics still exist, and that the card brands could do a better job at enforcing their own rules.

Sydney-based Octet Finance, a provider of supply chain management and financing tools for small and midsize businesses, has formed an alliance with Mastercard enabling users to make cross-border payments using their existing Mastercard credit and debit card accounts via virtual card technology.