Payments

The era of banks and fintech companies cozying up to each other is in full bloom. Fintechs realize they can better disrupt the industry from within, while banks are looking for partners to help them navigate the digital world. Here's a look at how banks worldwide are buying, investing in and in some cases lending to fintech firms.

Near Field Communication tags — stickers embedded with wireless technology — were seen as a bridge technology for contactless payments in the U.S. before phones came with NFC built-in. In India, however, NFC tags are proving to have a much longer shelf life.

Apple Inc. is planning a new iPhone feature for Japan that will enable users to pay for mass-transit rides with their smartphones instead of physical payment cards. A future iPhone will include technology called FeliCa, a mobile tap-to-pay standard in Japan developed by Sony Corp., according to people familiar with the matter.

The refrain is familiar by now—health care payments are more complicated than consumer payments and require special technology and products. But there's another difference between health care providers and the rest of the world, one that's just as vexing and equally attractive to technology vendors.

For many JPMorgan Chase customers and Android device users, a hint of a marriage between the large issuer and the prevalent mobile wallet is welcome news.

It would have to take something big for consumers to flock to a mobile wallet en masse. Whether it meant to or not, California-based RadPad found out what consumers wanted, but it wasn't prepared for the aftermath.

The Near Field Communication (NFC) payment rings Visa launched at the Rio Olympics earlier this year are now available to the general public.

ClearXchange has access to a majority of the market's online banking accounts as it takes on Venmo, but there's one thing it may not have.

Rewards are considered a key driver to get consumers to adopt mobile payments, and Walgreens has tied its loyalty program to Android Pay.

Shopify's already getting a lot of e-commerce business from the U.K., a record of success the Canadian company hopes to extend by offering its point-of-sale and card reader to local merchants, a move that will put it in competition with a variety of companies chasing a market that's poised for growth.

Citigroup mistakenly sent emails to some active Costco Wholesale members telling them their wholesale club membership had lapsed and that their cards would be canceled, bringing a fresh headache to the new partnership.

Industrial Credit and Investment Corporation of India has launched a payment service through its mobile banking app using smartphone keyboard technology developed at one of its mobile development challenge events.

Carrier billing provider Boku will offer its service in Lithuania through an expansion of its partnerships with Google and Bite.

Merchants aren't letting banks do all the innovation in mobile payments. Several companies are forging ahead with their own unique takes on app-based payments.

A new national push for financial inclusion in India is getting results, triggering a recent surge of growth for RuPay, India's evolving domestic payments scheme.

Mobile person-to-person payments didn't attract a following until companies like Venmo borrowed ideas from social networking when designing their apps. The same concept may also work for businesses, which need to manage the relationships they have with the clients who owe them money.

After the whirlwind of payments innovation in 2015, 2016 has felt rather stagnant in comparison for many payment technology enthusiasts. What is the story behind this lull and what does it mean for the future of Fintech?

The regional bank has consolidated all of its digital operations under a single leader. Find out what he thinks about customer expectations, bots, fintechs and the coming convergence of digital banking.

For the first time, EMVCo, the card network-operated EMV standards body, has established an approval process to formally certify that contactless mobile payment devices can operate at EMV approved terminals.

Two corporate CUs — Catalyst and Alloya — are joining forces to provide a software platform that they vow will make checking more efficient and secure and easier to administer.