Payments

Sen. Dick Durbin, D-Ill., wrote to Visa on Tuesday to denounce an alleged new fee assessed by the company on credit and debit card issuers that see their business shift to a competing card network.

Globe Telecom, the Philippines' largest wireless carrier, has formed a partnership for carrier billing with Fortumo, enabling its mobile phone customers to bill digital purchases to their monthly wireless statement.

Western Union has opened U.S.-to-Cuba digital money transfer through its mobile app and website.

Global trade protectionism in other countries increasingly poses an obstacle to keep the market for payments networks competitive.

More banks are showing interest in developing their own branded mobile wallets, and Visa has launched a platform to make that possible.

The same multichannel shopping and payment experiences that are designed to reduce cart abandonment may also pose hard-to-spot vulnerabilities that can threaten information security.

Her prepaid card may have been short-lived, but superstar Kim Kardashian West still has opinions about payments.

Oberthur Technologies has teamed with Chinese smartwatch maker Mobvoi and China UnionPay (CUP), to add contactless payments technology to Mobvoi’s popular Ticwatch.

Verifone and its beacon technology provider Footmarks are partnering with Allrecipes.com and grocery retailer Marc’s in Ohio to deliver meal recommendations to shoppers.

Months after announcing plans to launch Apple Pay, Yum Brands’ Kentucky Fried Chicken this week said it’s enabling the mobile wallet—along with Android Pay and Samsung Pay at the same time.

Merchants sued Visa and MasterCard in 1996 when the card networks forced them to "honor all cards," and though the suit settled in 2003, the wounds are reopening with the spread of mobile wallets.

The Electronic Payments Coalition's arguments supporting Visa in its legal battle with Walmart are not based in fact.

As PayPal has grown over the years, it has made enemies. Some of these rivalries were short-lived, while others persist to this day.

Credit quality has improved across the industry over the past few years, but don't expect that trend to continue because of several economic forces, big-bank CEOs said Thursday.

In what could bring major visibility to the emerging market for wearable payments, Visa today unveiled an NFC-enabled piece of jewelry it’s giving to 45 Olympic athletes on Team Visa.

Open development techniques have contributed to a boom in online and mobile commerce by making it possible for more applications to interact with one another, but now more attention is being devoted to how fraudsters exploit these systems at merchants, payment companies and card issuers.

PayPal's split from eBay was supposed to sweeten its appeal to merchants, but it’s also stoking rivals in the payments industry — in particular Visa CEO Charlie Scharf.

As the Costco-Citibank credit card partnership hits full stride this month following the retailer’s painful split with longtime credit card partner American Express, Bank of America is making a change to its own credit card rewards program to win the business of warehouse club shoppers.

The last three of Canada’s large banks today said they’ve launched Apple Pay, joining the country's Interac debit network and the company's few other financial providers to enable Apple's digital wallet to completely blanket Canada.

When it comes to the speed of payments, consumers used to be satisfied with just real-time confirmation of a person-to-person (P2P) transaction and the promise that funds were on their way. This isn’t necessarily the case anymore, and the social implications associated with payments are driving the shift in demand.