Payments

Green Dot reported a larger fourth-quarter loss on higher employee compensation costs and said it will book an extra $11 million in expenses to roll out a new card product.

Payment technology provider Stripe aims to equip global entrepreneurs with the necessary banking and payments relationships to launch an online business in the U.S.

The blackout at Powa Technologies has some in payments industry circles wondering whether the company’s sudden collapse is a sign of harder times for fledgling fintech companies.

Chase Pay is tied to the issuer's 94 million credit, debit and prepaid card accounts, representing half of U.S. households. Depending on the perspective, this means Chase's wallet either starts with — or excludes — half of the market.

Instead of focusing on the effect of swipe fee rules on banks and credit unions, retailers should ask why the Durbin amendment hasn’t produced the promised cost savings for their consumers.

Chase Pay is tied to the issuer's 94 million credit, debit and prepaid card accounts, representing half of U.S. households. Depending on the perspective, this means Chase's wallet either starts with — or excludes — half of the market.

The smallest merchants, such as food trucks and local restaurants, will be some of the toughest to convert to EMV, but Lavu Inc. sees an opportunity to use Bluetooth instead.

Users of Ingo Money now can cash a check and instantly send the funds to multiple accounts via a smartphone, including PayPal accounts.

USAA has eliminated foreign transaction fees for its credit cards.

Chinese banks will reportedly pay half of what U.S. banks are forking over to support Apple Pay, a sizable gap that's due to Apple's relative fame in different parts of the world and the sizeable hype behind the product's U.S. launch in 2014.

Zain Group, a telco based in Kuwait, has launched a mobile money service in Iraq with eServGlobal, a provider of mobile money and value-added service solutions for telco providers.

Chase Pay, JPMorgan Chase's mobile wallet, has just landed an unlikely early partner with a history of going it alone: Starbucks.

As mobile payments migrate beyond smartphones, Visa is offering Visa Ready to manufacturers of wearables, automobiles, appliances and other connected devices.

Starbucks' loyalty program will soon reward bonus points based on money spent rather than recognizing individual purchases, a change designed to ease workflow and increase participation rather than dilute benefits, company executives said Monday morning.

Online gambling is like gun shows and weed—legal and very lucrative, though with enough regulatory baggage that most service providers are reluctant to go near them.

To Diebold Inc., the nation’s largest ATM maker, the ongoing shift to omnichannel commerce is as much a threat as it is an opportunity.

There is a different feel to the troubles American Express faces today, mainly because its lost Costco relationship represented what might be one of the last of its kind — a deal in which a large retailer gives exclusivity to a certain card brand and tells customers how to pay.

Not only does evidence point to small banks escaping interchange restrictions — as Congress intended — but there are also signs smaller institutions are gaining retail market share because of the exemption.

As the spread of mobile technology continues to erase borders, more companies are teaming up to bring their offerings to audiences they would have been unable to serve just 10 years ago. Many of these companies already had global reach, but needed the technology or local expertise of a partner from overseas.

They are barely out of college, but this young generation of consumers has already shortened payment technology cycles, forced virtual currency into the mainstream, and left processors scrambling to stay relevant.