Dee Hock, who died Saturday at 93, may not have single-handedly founded the modern electronic payments industry, but he came closer than anyone else to claiming that mantle. He is widely credited as the force that harnessed a widely varied collection of banks to start the credit card system that …

The issue of consumer losses to fraud on peer-to-peer payment apps is about to get hotter as the Consumer Financial Protection Bureau is reportedly preparing a probe of the matter. The bureau’s action will likely include new requirements for banks to reimburse consumers victimized in cases where they sent cash …

The total volume of tokenized payment transactions worldwide will exceed 1 trillion by 2026, up from 680 billion this year, according to a report released Monday by Juniper Research. The growth will come mostly from click-to-pay options that allow buyers to pay with a single click, using tokenized credentials, the …

It is generally accepted that the pandemic energized online commerce, but now research is starting to emerge showing just how extensive that effect has been. “Global Payment Cards Data and Forecasts to 2026,” a report released Wednesday by the London-based research firm RBR, indicates e-commerce card spending came to $7.7 …

Consumers’ loss of funds to fraud and other deceptive activity on peer-to-peer payment networks has drawn the attention of U.S. Senators, who are demanding answers on the matter from the big banks that own the Zelle P2P network. The senators’ actions come as P2P activity has boomed in response to …

A mobile wallet that allows users to shop and pay for insurance has added a rewards program that offers cryptocurrency based on premium payments. Marble, a New York City-based company that started up in 2020, says it has integrated its wallet with Gemini, a crypto exchange, to let users redeem …

Mike Peters, formerly chief executive of TSYS Merchant Solutions, is succeeding Robert O. Carr, who said last week he would step down as chief executive of Beyond Inc., the payments provider he founded in 2017. A longtime payments-industry veteran, Carr remains executive chairman of the Princeton, N.J.-based company. Peters, whose …

Cryptocurrency holders looking to leverage their assets can now get a loan of up to $100,000 in stablecoins, the digital-payments platform Wirex Ltd. announced early Tuesday. Under the new service, holders can borrow as much as 80% of the value of their crypto holdings and receive an almost immediate advance …

Payactiv Inc., a payments provider said to have pioneered the field of earned-wage access, said late Thursday it is scrapping its access fees. The move makes several of the company’s options, including automated clearing house transfers, “completely free,” the San Jose, Calif.-based company says. Payactiv’s action follows a move this …

Price inflation is rising at its fastest rate since the early 1980s, and that’s prompting dueling releases from both foes and advocates of card interchange, the fee merchants pay when consumers use credit and debit cards. Merchant groups have long inveighed against interchange—also referred to as “swipe fees”—as a cost …