Payments

The prevailing accounts payable model simply can't handle the sharing economy (also called the "gig economy"), according to Dovi Frances, who's putting cash and influence behind that theory.

Payza, the online payment gateway, is launching direct credit card processing to online businesses and merchants in Europe.

Starting today, banks and credit unions will get two extra chances every 24 hours to handle Automated Clearing House (ACH) credit payments. But by itself, same-day speed may not be enough to meet the demands of an increasingly digital world.

The U.S. shift to EMV-chip card security hasn't been smooth. Many companies saw the card networks' Oct. 1, 2015 fraud liability shift date as a starting point rather than a deadline, and even the companies that thought they would be unaffected by the EMV transition found themselves dealing with major headaches.

Starting today, banks and credit unions will get two extra chances every 24 hours to handle Automated Clearing House (ACH) credit payments. But by itself, same-day speed may not be enough to meet the demands of an increasingly digital world.

Walmart's new pact with JPMorgan Chase is anything but routine. From the perspective of Walmart, this deal hands it a long-desired holy grail: less expensive Visa transactions.

Mastercard's HomeSend joint venture is partnering with the Commercial Bank of Ethiopia to provide more than 100 million Ethiopians the ability to send funds directly to any mobile number in the country.

The Clearing House has selected hardware from IBM to help build the real-time payments system scheduled to roll out in 2017.

In 2010, lawmakers passed reforms to bring transparency and competition to a swipe fee market that had been devoid of both. Now, they want to undo that progress.

Investors no longer view carrier billing as a niche product, and are providing the means to push the concept into new geographic markets.

Cloud-based technology is bringing mobile shopping and payments to more companies, but it also increases risk due to the complexity of how these more open and remote technology tools get used.

San Antonio-based Frost Bank this week became the 11th financial institution to join Early Warning’s real-time payments network, which will continue to operate under the clearXchange brand at least through the end of this year.

CloudPay wants businesses with global operations to have an option to handle payroll and other human resources tasks through cloud-based software.

Alipay got its start in 2004 as a way for the customers of Alibaba Group Holding Ltd. to more easily buy goods online. Now the business’s parent company may be worth $75 billion, or more than Goldman Sachs Group Inc.

At the start of its fourth decade, the Automated Clearing House — a payment method most commonly known for facilitating payroll direct deposits — has found itself firmly in the crosshairs of the card networks and alternative payment providers.

Bankers may have a reputation for being old-school, but their rapidly growing digital-ad budgets are in step with the rest of the business world. Banks can both gather valuable demographic data from who clicks on their ads and better measure returns on their investments.

The expanding base of contract workers who use mobile apps to set up jobs and receive payment is upending traditional payroll practices, requiring new levels of speed and efficiency from financial services companies.

Subway is learning that to get people into its stores, its mobile app has to be every bit as compelling as its menu.

When Apple came knocking on their doors to sign up credit unions for Apple Pay, these companies saw an opportunity to change their ways and start acting like nimble, modern financial institutions.

Visa Inc.’s mobile payments app, mVisa, has gone live in Kenya, where four local banks are supporting the QR code-based service.