Conventional wisdom in the payments business has been that the advent and spread of contactless cards would pave the way for wider use of mobile payments. But research released this week indicates that may not be the case. Indeed, far from serving as the training wheels for mobile payments, new …

Of all e-commerce markets, grocery has long lagged behind in consumer adoption. But now there are signs that may be changing fast. In the year since early 2018, the proportion of U.S. consumers who had bought groceries online in the prior 12 months jumped from 23.1% to 36.8%, according to …

A system that allows drivers to pay for gasoline at the pump using their E-ZPass toll tag took a step forward Monday with an announcement that P97 Networks Inc., a provider of in-vehicle payments services, will resell the PayByCar service from Verdeva Inc. Houston-based P97 says it has certified PayByCar …

Green Dot Corp. saw its shares plummet Thursday morning after its chief executive late Wednesday surprised stock analysts with a plan to invest $60 million later this year in initiatives aimed at expanding the company’s reach into new markets for banking services. At mid-morning, the Pasadena, Calif.-based payments company was …

Long-time NACHA president and chief executive Jan Estep will cede that role July 1 to chief operating officer Jane Larimer, the organization announced Monday. Estep will formally retire at the end of the year, NACHA said, following a confidential process she set in motion late in 2018 with NACHA’s board …

Merchants and card issuers long ago discovered the value of cash in driving transaction volume, but on Thursday Discover Financial Services demonstrated how expensive some rewards categories can be. Discover reported $677 million in discount and interchange revenue for the first quarter, up 5% from the same quarter last year. …

There’s much more to PayPal Holdings Inc. than Venmo, but that’s where the payments industry’s spotlight has shone in recent months. So on Wednesday, PayPal for the first time revealed how many active users its peer-to-peer transfer service has: 40 million plus. Venmo users rang up $21 billion in volume …

Total System Services Inc. (TSYS) late on Tuesday said it has now deployed “thousands” of its new Vital point-of-sale devices, which were launched in January. The product is “showing strong out-of-the-gate momentum,” said M. Troy Woods, TSYS’s chief executive, during a call with stock analysts to discuss the Columbus, Ga.-based …

Blockchain startup Bleumi Inc. announced Tuesday it has launched two services, Bleumi Pay and Bleumi Invoice, for cross-border remittances. Bleumi Pay, a gateway that works with so-called stablecoins to avoid the price volatility afflicting cryptocurrencies like Bitcoin. The gateway will allow businesses and merchants to receive payments via Web site, …

Not all security breaches are designed to steal data. Instead, an increasing number these days are programmed to hold data hostage. And the sums demanded by the malefactors behind so-called ransomware attacks are rising fast. The average ransom in the first quarter came to $12,762, up 89% just from the …