Financial institutions and third-party providers of digital person-to-person payments may have the same goal—ubiquity of service and adoption—but they’ll have to take different paths to get there, according to “Digital Person-to-Person Payments in the U.S.: The Competitive Landscape,” a report released last week by the Aite Group LLC. The P2P …

Global shipments of chip cards surpassed 2.1 billion in 2016, a 4% increase from 2015, says the Smart Payment Association. “Following significant EMV rollout programs in the United States and China, 2016 saw shipment volumes begin to normalize to reflect growing market maturity in most major global markets,” said Sylvie …

USAA, a pioneer in developing remote deposit capture, said it is “inviting” banks and credit unions to license the patent rights to its RDC technology, for which the financial-services giant holds approximately 50 patents. Launched in 2006 as a way to enable USAA’s customers, many of whom are in the …

Cayan’s new Genius Mini card reader may look like any number of headphone-jack or Bluetooth devices meant to connect to a smart phone or tablet to enable payment card acceptance. That’s because it’s the software the Genius Mini uses that distinguishes it from similar devices. The device is designed to …

Two powerhouse independent sales organizations are joining together. North American Bancard Holdings LLC is buying Total Merchant Services Inc. for an undisclosed amount. Woodland Hills, Calif.-based TMS processes more than $12 billion in annual transactions, which when added to NAB will result in more than $50 billion in annual processing …

Square Inc. outlined its growth plans with an emphasis on selling new services and expanding internationally during its first investor day on Tuesday. In its presentation, Square said it wants to improve the efficiency of acquiring merchants, which it calls sellers; move its services up market to larger merchants; grow …

The number of consumers using at least one of the major third-party mobile-payment services—Apple Pay, Android Pay, or Samsung Pay—will top 150 million globally by the of 2017, says Juniper Research, a U.K.-based firm, in its “Is OEM-Pay the Future of Contactless” report. Some 50 million of them will begin …

Efforts to make the EMV payment process more appealing to consumers and merchants got another boost with Mastercard Inc.’s announcement Thursday that point-of-sale equipment maker VeriFone Systems Inc. and payment processor Global Payments Inc. now support the card brand’s M/Chip Fast protocol. The protocol, announced a year ago, enables developers …

Consumers of all ages appear to be embracing person-to-person payments, finds the Bank of America Trends in Consumer Mobility Report released Thursday. The report, which surveyed more than 1,000 U.S. adults who have a banking account and a smart phone, found that 36% of all respondents use a P2P payments …

Having built a successful payments processor and sold it to Global Payments Inc., Bob Carr is ready to build another company, but this time with a purpose beyond simply making money. Carr’s latest endeavor is Beyond, launched May 1, just over a year from the closing of Global Payments’ $4.3 …