Payments

China's sheer size is an obvious attraction for companies involved in global payments and commerce, but the country poses hurdles that even giants like MasterCard and Visa find vexing.

The prepaid card industry is ramping up its advocacy efforts on Capitol Hill as the Consumer Financial Protection Bureau readies a final rule targeting such products.

U.S. Bancorp said Friday that it has agreed to sell its majority stake in a Brazilian technology division of its Elavon payments processing subsidiary.

Synchrony Financial reported solid earnings growth in the first quarter thanks to increased use of its credit cards, but the firm's credit performance was slightly weaker.

Plastiq has launched an iPhone app that allows consumers in the U.S. and Canada to snap a photo of their bills to pay them.

Most modern mobile wallets didn't start out in their current form. Some didn't even start out as mobile apps.

A relatively new concept in the U.S., social payments are even newer in the U.K., where Circle hopes a collaboration with Barclays and a dash of blockchain will interest consumers in sending payments the same way the send tweets and texts.

American Express is determined to minimize the damage from losing profitable Costco cardholders in Canada and the U.S., and is taking steps to keep as many of those customers in the Amex fold as possible.

Royal Credit Union placed second among dozens of entrants in the inaugural NACHA Challenge at Payments Conference 2016 in Phoenix on April 20.

Experts from across the payments industry gathered in Los Angeles for SourceMedia's annual Card Forum and Expo. Here are some of the biggest ideas discussed at this year's event.

More than a decade after U.S. payment card issuers endured the spectacular failure of contactless cards, some issuers wonder if it’s time to try again.

More than a decade after U.S. payment card issuers endured the spectacular failure of contactless cards, some issuers wonder if it’s time to try again.

The commerce game is increasingly being played on a mobile field and so consumer packaged goods (CPG) companies must invest in a mobile strategy and specifically a mobile payment strategy soon, before they miss the boat.

Ingenico Group is confident it can translate consumers' love for big-screen entertainment into a payments technology blockbuster.

In its quest to supply small businesses with services that go beyond payments, First Data Corp.'s Clover subsidiary is extending e-commerce website support to its merchant clients beginning next month.

Transactis, a billing and payments company, has received a $30 million investment from Safeguard Scientifics and five banks.

Discover Financial Services reported higher loan growth in its flagship credit-card business during the first quarter, reversing a trend that the company's leaders had vowed to address.

Ingenico Group has begun offering tools to address some of the complex challenges in developing EMV-enabled mobile point of sale applications.

An e-commerce technology unit eBay sold last fall after separating from PayPal has reformulated itself as Radial, tailoring its services for online merchants that want to make the leap to omnichannel commerce.

The heat of battle can forge some unlikely bonds, as demonstrated by MasterCard and Western Union’s collaboration with the four-year-old mobile financial service provider bKash, giving the incumbents a foothold in omnichannel payments and making them a bigger threat to other newcomers.