Barry McCarthy has a number of new jobs First Data, giving him a wide view of the pressures facing payment processors in a world where massive volumes of plastic card swipes are no longer enough to ward off the competition.
An Israeli company is hoping to make installment plans a routine part of credit card transactions in the U.S., relying on retailers, banks and other partners to promote its technology.
New York regulator Benjamin Lawsky may use the cybersecurity rules he's proposed for virtual-currency companies as a model for traditional banks. That would subject the financial institutions his agency supervises to the most stringent data-security rules anywhere.
Bitcoin adopters in Ohio have been some of the most vocal about how state laws need to evolve to encourage the use of digital currency, but the Ohio government seems to want that change to come from the courts rather than the legislature.
An executive order signed by President Obama on Friday that mandated the adoption of chip and PIN technology in government cards and enabled its use in facilities like Post Offices is a "meaningless gesture" that smacks of politics over substance.
The perception that Africa is behind the times when it comes to the payments industry is an interesting one. It is easy to assume that the continent as a whole is still cash-based with large rural unbanked areas widespread across the region.
Three massive companies, Alipay, Apple and PayPal, are on a collision course as they move to shake up the global e-payments market.
American Express Co. is pulling new levers to build its business with small merchants and drive mobile wallet adoption, emphasizing its work with Apple Pay.
Digital currency startups are trying to reframe the debate surrounding customer privacy, anti-money-laundering compliance and data security by backing a new set of guidelines for managing consumers' online identities. read more »