Payments

If the financial services industry wants to avoid spending years aimlessly testing blockchain prototypes, it needs to focus on coming up with standards and working together.

An NFC-based mobile wallet and the bold creation of Canada’s largest wireless carriers, suretap looked promising at first. But in the end, it couldn't keep up with juggernauts like Apple Pay, Android Pay and Samsung Pay.

If members here are not excited by loan payment options such as online bill pay or dropping a check in the mail, they can pay be text—and 80% of members who sign up for this virtual service actually use it.

Nintendo is known for taking an experimental approach to making video games, and this same mindset carries over to how it handles money. The company's hardware, software and business strategies show a forward-thinking strategy for payment acceptance.

The faster payments revolution has arrived for person-to-person payments, but it’s also disrupting business-to-business payments in a way that might render certain payment options obsolete.

Wearables have made a major breakthrough in the last two years. I believe that in several sectors including payments they are now mainstream technology rather than a minor tributary.

Lobbyists for the credit union industry are decrying a proposal to limit forced arbitration clauses despite ample evidence that credit unions don’t use such clauses in the first place.

Under the hood, the new Masterpass ties directly to banks' own digital wallets with support for Near Field Communication-based mobile payments via Android devices and the ability to centralize features for supported cards, including balance display and purchase alerts, and support for paying with loyalty points.

Congress should abandon the idea of repealing a section of the Dodd-Frank Act that has helped make pricing for payment processing more competitive.

Citibank is offering surcharge-free ATM access to the customers of 16 credit unions and minority-owned banks in six cities.

USAA now offers voice-guided check deposit on its mobile app for visually impaired customers.

Companies have struggled for years to find a simple way to get consumers to set up a payment account without derailing the checkout process. One company is taking a step back and asking: Why delay a sale by demanding money?

Google will provide McDonald's customers in San Jose, Calif., this weekend with free burgers as a promotion for its Hands Free payment app at any of 47 participating restaurants.

The hit smartphone game Pokemon Go is not a mobile wallet or a loyalty app, but it is arguably far more successful at driving traffic to retailers' stores than many of the apps designed for that purpose.

Starbucks Corp. is taking its highly success mobile payment app into China, a country in which consumers have quickly adopted mobile payment methods.

Android Pay is now a payment option for users of the food-ordering apps Grubhub and Seamless, both of which are products of Grubhub Holdings Inc.

BillHero, a bank-agnostic bill pay app, now lets users pay their bills through a Facebook Messenger chat bot.

Nearly half of U.S. consumers say they have been hit by credit card fraud within the last five years, and those breaches are becoming more commonplace, according to a survey released Tuesday.

Nearly half of U.S. consumers say they have been hit by credit card fraud within the last five years, and those breaches are becoming more commonplace, according to a survey released Tuesday.

When those of us in the payments industry think about moving money, we think of the many points that distinguish money movement options – is it a transfer or a bill payment, will it utilize a card network or the ACH, will it be sent immediately or processed in a batch?