Payments

The expansion of devices connected to the Internet of Things is raising security and privacy concerns, spurring the Smart Card Alliance (SCA) to take action.

It’s rare to see much fanfare around the launch of a mobile banking app these days. But for the U.S. Treasury Department, this milestone signals it’s nearing the end of its long quest to modernize the delivery of federal benefits—even for consumers locked out of traditional banking systems.

A partnership between carrier billing provider Boku and digital music service Spotify will allow consumers in Germany and Italy to subscribe to Spotify using their mobile phone numbers.

The world of payments is changing, and a lot of that change results from the dedication of innovative retailers. Whether partnering with payment companies or going it alone, these brands are putting fresh ideas into practice.

Loyalty marketing is considered a substantial lure for mobile payments, but the introduction of new channels also complicates the strategy, according to Kevin Wray, the chief commercial officer at Switchfly.

Visa launched its Visa Developer platform earlier this year to open up to third-party developers and bring more attention to digital commerce, a move that gives its second annual "Everywhere Initiative" even more meaning.

Six months following the liability shift date for EMV cards, the switch to chip technology is reducing some card-present fraud.

Pressure is building on financial services providers to develop more merchant-centric loyalty programs to fight declining interchange revenue, and U.S. Bank is testing one approach in Lawrence, Kan.

PayPal Holdings Inc. reported first-quarter sales and profit that beat estimates, adding customers against an onslaught of competition from credit-card issuers, startups and smartphone makers looking for a piece of the fast-growing digital payments market.

Two startups are working to educate millennials on the importance of credit and issue them small credit lines. Credit to young adults largely dried up following the CARD Act of 2009, which changed the way banks and others could market to the group.

It's been a tough time to be a mobile point of sale company, but SumUp believes it's found the right formula to not only get through the shakeout but to thrive.

American Express is giving a limited number of Uber riders access to Beyoncé's Formation concert tour, in the latest example of a financial services company allying with the tech-savvy ridesharing service.

The potentially wide-ranging effects of an appeals court decision in Midland Funding v. Madden could deal a serious blow to preemption under the National Bank Act.

More than 2.5 million contactless reader terminals accept Apple Pay in the U.S. and CEO Cook expects ‘more expansion’ soon.

With the backdrop of a tough financial second quarter, Apple executives both sang the praises of Apple Pay's uptick in consumer use and admitted the company has to view the mobile payment service as a future money maker rather than a key contributor now.

The growth of in-app and social media payments may please consumers, but merchants are worried that these new forms of card-not-present payments will expose them to more fraud liability.

A troubling gap is growing between the promises being made around mobile payments to consumers and merchants, and what payments technology providers are actually delivering, according to PayPal’s Bill Ready.

Reasons cited by CU leaders, such as difficult core integration and lack of value are inaccurate, says survey by Buzz Points and CUNA Strategic Services.

Capital One's rewards and marketing may cause some short-term performance issues, but the institution's aggressive posture is necessary in the current environment, the company's CEO said.

Alibaba Group Holding Ltd.’s finance affiliate has completed a record $4.5 billion equity fundraising round, according to two people familiar with the matter.