Payments

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.

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.