Payments

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.

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

Prepaid cards and new mobile innovation in prepaid can bring speed and improve user experience for many different payment types and other financial services.

As cars' onboard computers get smarter, payments are coming along for the ride—but always taking a back seat to other features.

Apple Pay became a significant benefactor at Apple's new product presentation Oct. 27, as the mobile wallet's Touch ID authentication is incorporated into a flashy new MacBook Pro keyboard.

Fuel payments operator WEX Inc. has deepened its relationship with ExxonMobil Corp., signing a 10-year extension to its North American fleet card contract with ExxonMobil and Imperial Oil Ltd. of Canada to continue a relationship that began in 2007.

When Early Warning acquired clearXchange—soon to be renamed Zelle—late last year, the acquisition was applauded by banks that make up the P-to-P payments network because it brought Early Warning's various fraud detection technologies into play.

IBM took the banking world by storm last month when it revealed its planned acquisition of Promontory Financial Group. Now, it has unveiled IBM Pay, a perhaps unexpected and yet unsurprising addition to the technology giant's Watson Commerce unit.

They are called HENRYs — high earners, not rich yet — and they have the potential to generate lucrative wealth-management and other fees for banks if they could just dial back their spending.