Once the bright stars in the financial world’s firmament, online banking and bill pay are no longer growing for banks and other financial institutions and will likely see only incremental growth over the next five years, a new report projects. Unless financial institutions can ignite growth again, they will drift …

In an effort to bring some order to the Wild West of person-to-person payments over the automated clearing house network, ACH governing body NACHA-The Electronic Payments Association is proposing a new credit version of its WEB code for online person-to-person payments that would include standardized formatting for the transactions. Herndon, …

With digital wallets from the likes of PayPal Inc., Google Inc., and the Isis consortium grabbing headlines, Visa Inc.’s V.me staff has been quiet but busy. The payment service is live with five online merchants, and Visa plans to introduce it as a commercial product by year’s end, a spokesperson …

Apple Inc.’s motion to stop sales of eight Samsung Electronics Co. handset models may not have a strong immediate impact on the major mobile wallet providers but could give Apple important advantages in the mobile-payments market later on, experts tell Digital Transactions News. Apple cited the Samsung models on Monday …

Google Inc. may have just overhauled its nearly year-old mobile wallet, but it still appears to have plenty of plans for the near future of the product. For example, the Web giant is looking at adding a person-to-person payment capability and allowing users to save credentials other than payment cards, …

The prepaid card market closed in on half-a-trillion dollars in load volume last year, new data from Mercator Advisory Group Inc. show. Volumes on closed-loop cards grew 14% and loads on the newer open-loop cards increased 24%, according to Mercator’s ninth annual study of U.S. prepaid cards. In all, Maynard, …

Mobile solutions for parking payments received a boost last week with the citywide launch of Parkmobile USA Inc.’s service in Birmingham, Mich., and the addition of new features to QuickPay Corp.’s mobile-payment service for a major parking company in San Francisco. In Birmingham, drivers can now use Parkmobile’s mobile applications …

The massive deal PayPal Inc. and Discover Financial Services announced on Wednesday that will bring online-payments leader PayPal to 7 million physical U.S. merchant locations has all the hallmarks of electronic payments in the 21st Century’s second decade, including digital wallets and cloud-based technology. But the foundation of the deal …

The rapid insinuation of tablets into the retail point of sale took another big turn this week when Revel Systems Inc., a San Francisco-based startup, unveiled an iPad-based POS system designed for supermarkets. The new system has already been adopted by Marty’s Markets, a Pittsburgh grocery store, and another half …

Chicago-based Braintree Payments Solutions LLC, an independent sales organization specializing in online merchants, expects its $26. 2 million acquisition of New York City-based Venmo Inc. to position it as a direct competitor to PayPal Inc. in the person-to-person payments business and in digital-wallet applications. Venmo’s digital wallet allows consumers to …