There wasn’t a Regular Joe in the room, but that didn’t stop a panel of payments professionals Tuesday from probing the consumer psyche to discern why mobile wallets aren’t more popular. As a percentage of point-of-sale transactions, most experts agree that the major general-purpose mobile wallets—Apple Pay, Android Pay, and …

Young adults are famous for their enthusiasm for new technologies, and that perception appears to be confirmed by a new study that compared adoption of in-app payments by various age groups. The recently released “2017 U.S. Mobile App Report” from Internet metrics firm comScore Inc. found that 23% of adult …

After chastising the Consumer Financial Protection Bureau for way it handled itself in its 2015 lawsuit against allegedly fraudulent debt collectors and their payment processors, a federal judge on Friday threw out the CFPB’s claims against the processors. The case is unusual in that Judge Richard W. Story of U.S. …

The pending sale by American Express Co. of its Serve technology platform to prepaid card program manager InComm moves AmEx more toward the model used by most other general-purpose prepaid card issuers and still keeps the upscale AmEx brand involved in a business mostly oriented toward moderate- and lower-income consumers, …

So-called native automated clearing house payments that originate electronically rather than by conversion of a paper check continued their robust growth in the second quarter while same-day ACH transaction volume hit $16.6 billion, reports ACH governing body NACHA—The Electronic Payments Association.  In total, the ACH network transferred 5.35 billion payments, …

USA Technologies Inc., a provider of payment services for vending machines and other unattended merchant locations, said Tuesday the number of connections in its ePort network grew 32% year-over-year to 568,000 as of June 30, and transaction volume nearly as much. The Malvern, Pa.-based firm also reported net income of …

The political coroner has made an official pronouncement: Operation Choke Point is dead. The controversial program begun in 2013 by the U.S. Department of Justice during the administration of President Barack Obama aimed to deny payment services to fraudulent telemarketers, payday lenders, and other suspect merchants. It generated massive controversy for …

It didn’t get a lot of press at the time, but the acquisition by merchant acquirer Global Payments Inc. of Accelerated Payment Technologies in 2012 proved to be the starting point of big acquirers pairing up with integrated software vendors and value-added resellers to deepen their relationships with merchants. Atlanta-based …

In the wake of violent clashes last weekend between white supremacist groups and counter-demonstrators in Charlottesville, Va., payments companies are cutting off access to their systems that supremacist groups use to accept donations. Pressure on the payments firms began building not long after a female counter-demonstrator was fatally struck by …

Digital-banking platform developer Urban FT Inc. disclosed early Wednesday that it has made a “compelling offer” for financially troubled Digiliti Money Group Inc., a provider of mobile remote deposit capture services for banks. News of the all-cash offer, whose size wasn’t disclosed, sent Digiliti’s beaten-down stock soaring on the Nasdaq …