Payments

A consumer group argues in a new report that banks are being too aggressive as they try to persuade their customers to switch to the electronic delivery of monthly statements. Now it's calling for the CFPB to step in.

The Consumer Financial Protection Bureau on Wednesday ordered online payment processor Dwolla Inc. to pay a $100,000 fine for deceiving customers about its security practices — the first action it has taken related to data security.

Samsung Pay now supports cards issued by Wells Fargo, giving it compatibility with 70% of the U.S. credit and debit card market.

It's long been common practice for Americans to head north for bargains whenever the Canadian dollar falls meaningfully below the greenback. During the current slump, they're doing so from the comfort of their homes by shopping online from small-time Canadian merchants.

Finding a parking spot is never fun, especially when traveling to an unfamiliar area. But as cars get smarter, so do parking payments.

The corporate disbursement market has long resisted reform, with more than half of U.S. consumers receiving at least one corporate payout via cash or check each year, according to Aite Group.

The U.K.'s new MoneyGram Plus card seems at first like a standard loyalty card, but to MoneyGram it is a way to streamline the long and repetitive task of initiating a transfer through an agent.

Quick service restaurants often have to make technology decisions faster than other restaurant categories, and the regional fried chicken chain Zaxby's is no exception.

Square Cash has changed a lot since it was introduced as an almost purely email-based person-to-person payments service in 2013, but the addition of its Cash Drawer feature is perhaps the biggest game-changer.

Citigroup said it agreed to buy American Express' stockpile of U.S. credit card loans made to shoppers of Costco Wholesale, as the fourth-largest U.S. bank takes over a card partnership with the retailer. Terms were not disclosed.

Citigroup said it agreed to buy American Express' stockpile of U.S. credit card loans made to shoppers of Costco Wholesale, as the fourth-largest U.S. bank takes over a card partnership with the retailer. Terms were not disclosed.

In mobile banking technology, remote deposit capture is ancient history. But there's one area that history seems to have forgotten: Business payment automation.

Mobile payments have failed to wow consumers in the 15 months since Apple Pay launched, but adults under age 25 may provide a clue to the technology’s future.

Capital One Financial in McLean, Va., has added Amazon's former chief information security officer to its board of directors.

Several major announcements took place at 2016's Mobile World Congress in Barcelona, but just as much activity was happening outside of the event. These big reveals demonstrate the increasingly global and digital nature of the payments industry.

Interac, the Canadian debit network, has frequently spearheaded contactless payments innovation. It is now taking steps to extend this tradition to mobile commerce.

Payments providers experienced in cross-border transactions need only look to the Asian market to find the next golden opportunity.

U.S. consumers remain unimpressed by mobile wallets and annoyed by EMV, so something has to give at the point of sale. That something could be coupons.

As wearable technology advances, it is taking a back seat to the designs that will have these high-tech features woven in.

In the spirit of a rising tide lifting all boats, we hope Apple figures out ways to add value to the mobile commerce ecosystem, not just be another isolated technology with limited value to merchants and consumers. Because Apple has work to do.