Payments

As JPMorgan Chase gears up for the launch of the merchant-friendly Chase Pay wallet, it's taking the opportunity to freshen its approach to P-to-P mobile payments.

Stonegate Bank in Florida has introduced a credit card that its customers can use in Cuba. In doing so, the $2.5 billion-asset bank, in Pompano Beach becomes first U.S. bank to make credit cards available for use in the Caribbean island nation.

Bank of Tokyo Mitsubishi UFJ has confirmed it is developing a digital currency backed by a blockchain, the same kind of technology that underpins bitcoin.

Visa's Digital Commerce App is allowing financial institutions to develop their own mobile wallets. Many of its clients are credit unions and larger community banks which may not otherwise have the resources to develop such a product internally.

Samsung Pay has launched in Australia with support from American Express and Citigroup, though it said it is expanding its "partnership ecosystem."

E-commerce merchant sites powered through IBM commerce solutions will soon be able to offer customers Apple Pay as a payment option.

Credit card issuers were among the worst performing U.S. stocks Tuesday after Synchrony Financial said it expects higher write-offs within the next year as consumers struggle to repay loans.

Caffe Ladro's had an online store for years, but it's never been as important as it is today, as the Seattle chain faces competitors — including the notoriously tech-savvy Starbucks — that have stretched the limits of how to sell coffee online and through mobile devices.

Dickson Chu transitioned to the board after two years as the company's chief product officer, it said in a June 14 news release. In his new role he will continue serving as an advisor to the company's leadership regularly and formally.

Synchrony Financial said Tuesday that it is expecting loan losses to rise over the next year as more consumers struggle to pay off their credit card balances.

Apple Inc.'s mobile-payment service will finally be available this fall on websites, though only through its Safari browser, shutting out users of Google's Chrome and possibly limiting Apple Pay's adoption by online retailers.

There's an obviously awkward moment, when Pitman asks for funds from his fundraising clients, that he's found can be made smoother by using emerging mobile technology.

Apple Pay is coming to the Mobile Web.

Chinese travelers to Germany will soon be able to make their airport purchases will Alipay.

Mobile commerce company Spindle has hired a Fiserv executive to be its interim chief executive.

Visa's Digital Commerce App is allowing banks to develop their own mobile wallets. Many of its clients are larger community banks that may not otherwise have the resources to develop such a product internally.

Subway is reimagining how ordering, payments and marketing tie together at its sandwich shops. It's in the process of launching a new division called Subway Digital, which will pool the expertise of specialists in technology, marketing and operations rather than give full rein to any one of those disciplines.

Though Apple Pay hasn’t lit the world on fire since its launch in October 2014, Apple’s dominant role in mobile e-commerce means its mobile wallet still has the power to hurt payment industry rivals, analysts say.

With everything they need right at their fingertips, millennials are having a major influence on a rapidly evolving consumer landscape.

According to a study released this week by the marketing analytics firm Bug Insights, the annual fee is by far the No. 1 reason why card users would change providers.