Payments

While mobile snapshots are becoming a popular way to authenticate consumers, Citrus Pay is turning the idea toward merchants by developing a mobile app that will allow users to create an online store with the snap of a photo.

The decision by a federal appeals court to toss out a blockbuster settlement between retailers and the card networks could re-expose some financial institutions to legal liability and threaten their already challenged interchange income.

Bottomline Technologies and Global Processing Services have partnered to bring consumers 'banking lite' card services.

China is a huge but challenging market for external payments companies, and Canadian contactless payment provider Mobeewave is seeking help in the ground by partnering with the Alliance Development Group.

The decision by a federal appeals court to toss out a blockbuster settlement between retailers and the card networks could re-expose some banks to legal liability and threaten their already challenged interchange income.

Bokis, a consortium of 62 small- to midsize banks in Denmark, will launch an NFC-based digital wallet this fall powered by host card emulation (HCE) that will be available to all its members, according to Nets A/S, the Denmark payments technology firm heading the wallet’s development.

A $5.7 billion settlement by Visa and MasterCard was rejected by an appeals court in New York, potentially renewing years of litigation with U.S. merchants over allegations that credit-card swipe fees were improperly fixed.

A $5.7 billion settlement by Visa and MasterCard was rejected by an appeals court in New York, potentially renewing years of litigation with U.S. merchants over allegations that credit-card swipe fees were improperly fixed.

Consumers show no signs of broadly embracing mobile wallets, but it’s clear from the aggressive mobile wallet plays of huge companies like Microsoft and Walmart that laying a foundation is important.

Consumers making payments to the federal government will be able to do so through the Amazon Payments digital wallet.

The credit card industry's switch to microchips has improved security, but fraudulent online purchases remain a big vulnerability. A new credit card company called Final, which launches Wednesday, is aiming to fix that problem.

Bankers, fintech entrepreneurs, regulators and other financial services players gathered in New Orleans last week to discuss the future of the industry at SourceMedia's Digital Banking 2016 conference. Here are some of the highlights of the conference. For more, check out the hashtag #digibank16 on Twitter.

With the rise of global e-commerce, small and midsize companies are pressured to streamline the way they handle increasingly diverse types of payments.

Barclays Africa Group has a market penetration problem.

Big banks like Canada’s RBC, Capital One and Wells Fargo are pouring resources into proprietary NFC-based digital wallets to outflank third parties like Apple, Samsung and Android and regain top-of-wallet status.

The court's decision to return Madden v. Midland Funding to a lower court leaves unresolved a number of important questions for marketplace lenders and other parts of the consumer-finance industry.

Kroger is suing Visa, alleging the network threatened to raise fees and cut off the supermarket chain from accepting its debit cards.

Wells Fargo is joining other members of Early Warning's clearXchange network in providing real time person-to-person payments.

In a setback for the U.S. consumer finance industry, the Supreme Court said Monday that it will not review a lower court's decision that bolstered the ability of states to enforce bans on high-cost lending.

Class action lawsuits are supposed to promote judicial efficiency, yet they mostly benefit plaintiff's lawyers while providing little for the people who are actually in the class.