Payments

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.

Visa has had a major sponsorship role at past summer Olympics, using the setting to test new technology. This type of "global lab experiment" lets the card brand view the four years between this major athletic event as a gauge for payments advancements.

Tradeshift has launched a payments and travel booking virtual assistant that uses voice recognition to manage ordering, payments and risk.

WASHINGTON — More than fifty state bankers associations have rallied behind legislation from Rep. Randy Neugebauer, R-Texas, to repeal caps on debit interchange fees.

American Express is working with Facebook to explore different methods of customer engagement through the social media network’s Messenger app.

Facing more payments because of high-deductible insurance plans, 72% of consumers say they prefer to use electronic payment methods such as payment cards, Automated Clearing House or digital wallets to cover health care costs.