Payments

Lloyds Banking Group Plc agreed to buy Bank of America Corp.’s MBNA credit-card business in the U.K. for 1.9 billion pounds ($2.4 billion) in cash, marking its first major deal since being rescued by British taxpayers eight years ago.

Lloyds Banking Group Plc agreed to buy Bank of America Corp.'s MBNA credit-card business in the U.K. for 1.9 billion pounds ($2.4 billion) in cash, marking its first major deal since being rescued by British taxpayers eight years ago.

Alipay's fast growth is partly attributed to the huge size of the Chinese market, but it also deploys strategies that can serve as an example for mobile wallets in other parts of the world.

As long as there has been mobile commerce, there have been calls for different stakeholders to share competitive turf in the name of universal acceptance.

The government of President Michel Temer has signaled that it wants to tackle the staggeringly large spread between Brazil’s benchmark Selic rate - currently 13.75 percent - and the average annual interest on credit cards, which is somewhere north of 450 percent.

A mobile payments app that launched last year for parking lots in Toronto is now available for all parking spots on the city's streets, with PayPal as the newest payment option.

WEX Inc. will issue Chevron U.S.A.’s fleet cards, including all Chevron and Texaco cards for commercial fleets, beginning in early 2018, the companies have announced.

As global e-commerce proliferates, payment platforms are stepping up to cater to U.S. merchants eager to sell their wares in emerging markets. But there can be as many risks as there are opportunities when entering a new market.

As retailers, banks and technology companies continue to suffer data breaches, issuers and merchants need to take extra care when selecting payment vendors.

Facing security challenges at its member banks and competition from other tech providers, the Society for Worldwide Interbank Financial Telecommunication [Swift] plans to put its best foot forward in 2017.

Just weeks after it shook up its executive ranks and suspended efforts to pursue new customers, the New York-based business lender confirmed Friday that it is eliminating dozens of jobs.

Canada’s Scotiabank waited to launch its own HCE-powered mobile wallet last month, and the payoff came when thousands of consumers downloaded the app with zero advertising.

Credit One Bank in Las Vegas, Nev., a credit card specialist, plans to almost double its workforce over several years to support business growth.

The path to success is almost never smooth, and many well-known companies have made expensive mistakes along the way. Here are some of the ideas that are no longer around but may never be forgotten.

Wells Fargo continues to sustain damage from consumers who were put off by the company's phony account scandal.

Online shoppers can expect fraudsters to be at the height of their creativity during the 2016 holiday season.

Bluetooth beacons, which communicate with consumers' apps as they enter and leave stores, have been bouncing around the retail industry for a few years looking for the right combination of foot traffic, product and customer experience.

American Express Co. hopes to add star power to its high-end Platinum credit card by bringing musician and style icon Pharrell Williams in as the brand’s first-ever creative director, as competition in the luxury credit card segment intensifies.

Banks are often taken for granted in digital wallets, treated as a "dumb pipe" for funding another account. PayPal is working to provide a more welcoming atmosphere with deals recently announced with Citigroup, FIS and two other banks.

By making tokenization available on each other's digital wallets, Visa and Mastercard are addressing the security concerns of merchants who are happy to accept both brands but nervous about how their wallets can be misused.