PayActiv Inc. will use the Visa Direct platform from Visa Inc. to offer real-time deposits of earned funds to its clients’ employees. The funds can be loaded onto a Visa debit or reloadable prepaid card. PayActiv also launched its own Visa-branded general-purpose reloadable prepaid card. Testing lab Q-Card Co. said …

PayPal’s octopus-like strategy covers everything from P2P payments, bill pay, and the point of sale to parting ways with eBay. Can Schulman and Co. keep all the balls in the air? PayPal Holdings Inc. president and chief executive Dan Schulman can’t be accused of making small plans. “We aspire to …

Twenty-two days of talking to clients haven’t dampened Fiserv Inc.’s conviction that offering to buy First Data Corp. is the right move. In fact, if anything these conversations seem to have buoyed top executives’ confidence in the proposed $22 billion all-stock acquisition of the big processor. “We’ve spent a substantial …

Bank of America Corp. reported its customers using the Zelle person-to-person payment network totaled 4.9 million in 2018’s fourth quarter, up by a factor of 2.4 since Zelle’s June 2017 launch. Zelle volume at BofA for the quarter totaled $14 billion on 51.6 million transactions, up from $7 billion on …

The new year is only a week old, but it’s already looking to be a strong one for dashboard payments. On Monday, Visa Inc. and SiriusXM Connected Vehicles Services Inc. said they plan to offer the SiriusXM e-wallet to auto manufacturers that deploy SiriusXM’s connected-vehicle services.  The Visa-SiriusXM announcement followed …

To make faster payments a reality, decades-old core systems have to be streamlined. Here’s an approach that relies on artificial intelligence to avoid the system overhauls that have been tried in the past. The Federal Reserve’s faster-payments initiative has created a catalyst to improve core systems to respond to the …

With massive data breaches hitting the headlines and account-takeover fraud booming, payments players are scrambling for solutions. One possibility is so-called behavioral biometrics, a science that tries to detect imposters’ fraudulent activity in real time by comparing their online behavior with the known patterns of a genuine user. The latest …

Bill-to-mobile is often sidelined in discussions about mobile payments, but Boku Inc. brought the technique to center stage this week with a deal to acquire San Jose, Calif.-based Danal Inc. Boku’s shares, which trade on the London Stock Exchange’s Alternative Investment Market, fell in the wake of the announcement, with …

A consumer bill-pay survey revealed that 46% of consumers routinely pay after the due date or never pay at all. Of these, 72% are “very” or “extremely likely” to pay on time if they could pay with a credit or debit card, while 69% would pay on time if they …

First Data Corp. released its Holiday Insights dashboard, which shows real-time U.S. holiday spending trends, such as total spend percentage increase, today’s most active categories with average ticket and total transactions, and regional payment volume. To date, it indicates retail spending from Thanksgiving through Black Friday increased 6.4% year-over-year. Cardfree Inc., …