Retailers

At this week's Money2020 conference, payment execs like PayPal's Bill Ready say consumers will make purchases in a broad context of shopping, and if merchants aren’t poised to meet their audiences there, they will get left behind, Ready said.

In his last earnings call as Visa's CEO, Charles Scharf spoke about the card brand's outlook for new technology and China.

Despite the growth of digital payment options from technology companies, consumers are used to cash.

The experience Thomas Ko gained at Citigroup and Haley Kim's time at Wells Fargo were vital in building Samsung's mobile pay app.

The information you need to start your day, including top headlines from PaymentsSource and around the Web. In today's briefing: Charles Scharf's tenure; Apple Pay's goals; giving up gift cards.

With rivals such as Chase and its Sapphire Reserve card angling for a piece of its luxurious patch, Amex has found itself on the defensive.

Tablet-based point of sale terminals may look sleek and modern, but under the hood they must wrestle with many of the same challenges that older hardware faces.

Mobile transactions are getting faster and more efficient. As smartphones become more ubiquitous, more consumers are ready to pull out their phones to make a payment—and expect the option to do so.

With the recent release of new operating systems for both iPhone and Mac, Apple Pay is available on desktops, marking the continued expansion of Apple’s mobile payments platform. Now, users can click the Apple Pay option on desktop sites and authenticate purchases using mobile devices.

Mobile wallets check off several boxes on consumers’ payments wish list: ease, convenience and options.

CHICAGO – Major retailers know what they are up against with Amazon, an e-commerce retailer pulling in 183 million visits per month on its site.

Restaurants are already busy adjusting to consumer trends toward mobile payments and a rough transition to EMV payments. But there's also a back office payment problem with slow, costly paper checks and invoices for payments to restaurant vendors and suppliers.

The Wells Fargo phony bank and credit card accounts scandal is barely five weeks old, but it felt like John Stumpf had been hanging on for five years.

CHICAGO -- Investment organizations are bullish on retail and its underlying payments and omnichannel technology, though Amazon's e-commerce dominance is throwing some cold water at the market.

CHICAGO -- At some point, the Federal Reserve Bank's three-year journey to create a faster payments system in the U.S. will run head long into one of its major challenges -- making sure it can operate within all networks.

Nok Nok Labs is upgrading its mobile device risk-based authentication software to improve support for biometrics and other alternatives to passwords.

According to recent data, only 21% of retail executives are more confident now than a year ago about their company’s ability to deliver omnichannel services, while 45% said their efforts are not advancing fast enough.

Square Inc. tried to sell its food-delivery business, Caviar, but couldn’t find a buyer willing to pay enough, according to people familiar with the matter.

Vincent Wang needed new jeans and a coat just before classes began this semester at the University of California, Davis, where he studies nutrition. Rather than trek several miles off campus to the nearest Target or Walmart, he ordered the clothes from Amazon.com Inc. and retrieved them from new Amazon pickup lockers right next to the university store that sells Aggies T-shirts and hoodies.

In an age in which organizations such as Swift are subject to attack, traditional perimeter security defenses are no longer enough to stop attackers from getting into the system and stealing valuable information.