Payments

Profits rose by 9% at Capital One Financial during the second quarter thanks to strong growth in the firm's credit card and commercial banking businesses.

Visa Inc., the world's largest payments network, posted fiscal third-quarter profit that beat analysts' estimates as customer card spending accelerated. The company said it will buy back as much as $5 billion of its shares.

Mastercard is betting its $920 million investment in the U.K.'s VocaLink gives it a significant edge in many emerging technologies, particularly in regions where it is lagging Visa in traditional card-based business lines.

PayPal Holdings Inc. and Visa Inc. may unveil an agreement regarding data sharing, security measures and consumer choices on accounts linked to PayPal transactions, analysts said ahead of the companies’ earnings reports.

It is no secret to e-commerce merchants that Amazon, one of the giants in its field, has succeeded in part because it can make fast decisions about whether a transaction is legit or has fraud written all over it. And these decisions have to look at more than just whether a shopper is using a stolen card.

American Express Co., the biggest U.S credit-card issuer by purchases, said second-quarter profit rose 37 percent as customers increased spending and the company booked a $1 billion gain from the sale of its Costco Wholesale Corp. portfolio.

Amalgamated Bank and Banco Popular, financial institutions with niche appeal, are rolling out national online platforms, calling into question what it means to be a community bank today.

HSBC is adding Samsung Pay support in the U.S., given the bank's customers access to all three of the major device operator-driven mobile payment systems.

More big banks are committing to their digital wallet strategies, creating the opportunity to extend their brands into new realms as payments and shopping go mobile under their own brands—but there are some notable holdouts.

Profits rose nearly 3% at Discover Financial Services in the second quarter thanks to solid loan growth and a one-time tax benefit.

Keefe Bruyette & Woods and Nasdaq have launched an index that tracks fintech companies.

The company poised to push the boundaries of mobile computing is ARM Holdings Plc, which has built a business designing chips that squeeze the most out of limited battery capacity on mobile devices, dominating 85 percent of the market.

Verifone Inc. still faces challenges in certain aspects of its business, but the terminal manufacturer is learning with experience how to fit into the fast-changing world of omnichannel technology.

Frontier's old school way of processing in-flight payments sounds like a classic luggage nightmare—the passenger arrives at the destination days beforehand, if not longer.

Despite improvements in technology, most consumers remain skeptical of mobile wallets, often testing them once or twice before abandoning the idea and returning to traditional payment methods.

Inside nearly every smartphone, tablet, e-reader and smartwatch are tiny microprocessors that tell the machine what to do. Small pulses of energy move from a gadget’s battery through millions of tiny transistors, triggering commands and responses in nanoseconds, be it playing games, posting to Facebook, sending texts, or taking pictures.

Even though Olympics sponsor Visa may have the biggest mobile payments presence at the 2016 Rio Olympic Games in Brazil in two weeks, Samsung Electronics plans to attend the games as well by launching its mobile wallet in the country at a time when hundreds of thousands of visitors are expected.

The payment-enabled fingernails project -- and the surrounding media attention -- demonstrates that wearable payments have become more than just experimental.

Banco Popular North America in New York has launched a digital-banking platform.

Citigroup executives were at pains to explain the benefits and challenges of a new partnership with Costco that has netted the bank millions of new credit card customers but also added to its cost burden in the second quarter.