Payments

Stores are realizing that they don't want to duplicate Starbucks' success.

Profits at U.S. Bancorp held steady in the third quarter as the Minneapolis company on Wednesday reported a mix of both higher fees and salary-related costs.

The EMV and mobile wallet movements have split the retail industry, leaving payment companies in the delicate position of having to support clients with very different technological profiles.

The investment bank will take "a very deliberate and methodical approach" to building its online lending platform, Chief Financial Officer Harvey Schwartz told investors Tuesday, implicitly drawing a contrast to once-highflying startups like Lending Club and Propser.

Regions Financial in Birmingham, Ala., reported a higher third-quarter profit, citing improved fee income from mortgage lending, capital markets and credit and debit cards. It also benefited from some special items and energy-market improvements.

Businesses may need to rethink their approaches to identity verification for millennial consumers.

Many startups have taken shots at traditional banking, but few have succeeded. However, there is plenty of promise in this model, according to investor Tim Young.

Businesses and consumers using Ingo Money will be able to pay credit card bills through U.S. MoneyGram locations.

The information you need to start your day, including top headlines from PaymentsSource and around the Web. In today's briefing: Australia's banks and Apple Pay; Thiel doubles down; Brexit weighs on Misys.

Tablet-based point of sale terminals may look sleek and modern, but under the hood they must wrestle with many of the same challenges that older hardware faces.

By any account, cash still reigns in Latin America. The World Bank estimates that just one in five in the region has a credit card, and most residents still lack access to a financial institution.

Mobile transactions are getting faster and more efficient. As smartphones become more ubiquitous, more consumers are ready to pull out their phones to make a payment—and expect the option to do so.

Big-box retailers aren’t the only ones being forced to change the way they do business as giants like Amazon reshape the way consumers shop and consume services—small businesses also get caught in the storm.

SVB Financial and Mastercard have accepted six startups for the fifth installment of their accelerator, Commerce.Innovated.

Mobile payments are catching on in Europe at a fast clip, as the number of consumers regularly using a mobile device for payments has tripled since 2015, according to new Visa research.

Consumers voted with their feet in September, as the embattled bank said Friday that new checking accounts were down by 25% from a year earlier.

The pressure to shave friction from cross-border payments will spur even the biggest merchants to seek help from third parties, if dLocal's market plan is correct.

When retailers first started developing mobile wallet apps, they did so to fight back against Apple Pay and the banks. Today, they are working against a bigger threat: Amazon.com.

As consumers get more comfortable opting into location-based mobile services, U.S. Bank has begun asking them to let it see where they're going so the bank can fine-tune its fraud management.

Goldman Sachs' newly launched consumer lending website is aimed at some of the very same customers that big banks and marketplace lenders covet, yet there are plenty of questions about its business plan, its ability to manage credit risk and the prospects of online lenders in general.