Same-day and real-time payment products are designed for basic transfers that don't meet the more complex needs of Lyft's ride-sharing service, contends Ashwin Raj, Lyft's vice president of payments.
The payments processor Square has big plans in banking — but even after filing an application to charter an industrial loan company, it still doesn’t see itself as a competitor to most financial institutions.
Seeing the successful “private label” debit programs at Target and Cumberland Farms has inspired more merchants to launch their own initiatives, writes Adam Frisch, CEO of Buy It Mobility Networks.
Providers leave out a majority of lower-volume companies that would happily accept an electronic payment or card, writes Sue Ellen Hodnot, vice president of sales for the west region at Nvoicepay.
With more vendors issuing EMV cards, cybercriminals are turning to cart-not-present fraud as a way to defraud consumers. A mix of weapons is necessary to counter it, writes Robert Capps, authentication strategist and vice president at NuData Security.
Alipay and WeChat Pay will force traditional payment networks to up their game, particularly in in-play emerging markets. Whether they can become relevant at scale for consumers outside China remains to be seen, writes Eric Grover, a principal at Intrepid Ventures.
Alipay has worked with First Data, Verifone, Ingenico and others to connect with merchants in North America, but more as a service for Chinese travelers than a direct competitor to existing payment providers.
Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Equifax's 'other' breach; China cracks down on bitcoin; Apple Pay has a hard time in Australia; Web group pushes for easier payments.
TSYS has expanded its relationships with ISOs or entered into joint ventures with companies such as super ISO Central Payment. TSYS has been gradually increasing its stakeholder share in Central Payment as part of the collaboration.
The reaction to major data breaches has always been to protect card data. But the non-card data that Equifax handled deserved just as much attention, if not more.
Apple's next iPhone could add — and lose — features that change the way people handle mobile payments. Here is the latest roundup of rumors and predictions.
In the digital banking era, a transformation is taking place with financial institutions offering new, and more convenient digital channels and services.
Feedzai’s CTO, Paulo Marques, explains why he hasn’t seen an organization succeed yet. In this report, he dispells some of the myths around building a machine learning system, from his vantage point at the helm of an organization that has spent years to build the most advanced machine learning for risk.
