Payments

The number of new credit card accounts jumped 11% to 84.9 million in the second quarter while monthly purchase volumes also increased, according to a report by the American Bankers Association.

When Android Pay launched, Google Wallet became a P-to-P service. That market's getting popular, and Google is responding with a web upgrade.

Visa closed its acquisition of Visa Europe in late June, ending a year of negotiations and years of speculation in the payments industry.

Zelle, the big banks' answer to Venmo, is set to launch next year. But will its reach be enough to curb Venmo's momentum?

Alibaba is taking advantage of a consumer shift to shopping on mobile devices as it uses its massive computing power and investments in data centers.

A new solution designed by credit union professionals could soon allow consumers to more easily change payment settings for purchase at retailers such as Amazon and Netflix.

Linked2pay is expanding a text-based, person-to-person payment service to allow banks to offer it for card and Automated Clearing House payments.

Larsen will hand the reins and the CEO title at Ripple over to Brad Garlinghouse, who is currently the company’s president and chief operating officer.

Open source development has joined blockchain technology in a bid to take a bite out of banks' long-standing control over the international payments market.

PayPal still has a big lead over banks’ digital payment offerings, despite the many advances banks have made in recent years, a new study suggests.

WASHINGTON -- In a speech defending his support of Republican presidential nominee Donald Trump, PayPal co-founder Peter Thiel faulted both major parties for letting recent financial bubbles occur under their watch.

The race to dominate person-to-person transfers has been a curious one so far, because P-to-P typically isn’t a money-maker for banks or even for PayPal, whose Venmo unit is generating red-hot growth this year in the category.

Less than a week after revealing it will bring Alipay payment options to U.S. terminals, Ant Financial has signed an agreement with Commonwealth Bank of Australia.

The world's third-largest bank hasn't given up on bitcoin.

Business-led mobile payment apps can build deeper relationships with consumers, and right now that beats the third party mobile wallets.

Companies that provide services for brick and mortar merchants face the challenge of adding lots of technology in a short amount of time. This is a tough task from an execution space but a big opportunity to gain returns for investors.

Samsung sees banking as a long game, and Samsung Pay is its first move. As mobile banking grows, the Korean electronics company believes financial services is ripe with opportunity.

South Korea’s LG last year rolled out LG Pay, a mobile wallet that took an indirect approach to contactless payments by leveraging Bluetooth technology to link to a proprietary “white” card that stored a user’s payment cards. The concept never took off, and a new report suggests LG is making another run at mobile payments, using different technology.

Samsung Pay is steadily spreading across the globe and adding new features, but it's also facing some strong challenges in these markets. Here are a few of the biggest issues Samsung's mobile wallet has faced since launch.

SourceMedia, the publisher of Credit Union Journal, has unveiled a major content and user experience upgrade to PaymentsSource, its flagship resource for the payments industry.