Visa Inc. and PayPal Holdings Inc. have extended to Canada an agreement they made in 2016 that gives PayPal access to Visa’s tokenization engine in return for promoting Visa products for PayPal account funding. In related news, Visa said it is expanding its Visa Direct service in Canada, with processor …

Since its official launch last June, Zelle has been all about carving out a healthy piece of the burgeoning person-to-person payments market for financial institutions. Now it’s promoting another service that leverages its network but could prove far more lucrative: disbursements. When companies, associations, or other organizations need to pay …

PNC Bank customers like Zelle, but fraudsters liked the person-to-person payments service a little too much after PNC rolled it out last July, according to a bank  executive. Paul Trozzo, senior vice president and product group manager, on Tuesday dubbed Zelle “very successful” for the Pittsburgh-based bank, a unit of The …

      by Computer Services, Inc. (CSI) Now, more than ever, achieving a 360-degree view of customers is essential for optimized and effective anti-money laundering (AML) compliance. Financial institutions, including banks, investment firms, and insurers—and the services they offer both retail and corporate customers—have grown in size and complexity …

By David Barnhardt, EVP of Product, GIACT Accounts receivable professionals say that they expect nearly half of all payments will be made by way of ACH by 20201. But while financial institutions, payment providers, businesses and consumers continue to adopt and benefit from faster payments, significant new challenges and risks …

The health-care industry is predominantly a simple, repetitive daily act carried out by millions of Americans: popping a pill. Seven out of 10 Americans are on prescription drugs. About 4 billion prescriptions are written annually, an average of 13 prescriptions per person. Taking our daily pills is our most common …

Independent sales organizations and acquirers looking for a payment gateway have another resource to use. Payments consultancy The Strawhecker Group recently released its Payment Gateway Directory, which catalogs 58 data points about 73 companies. The report also analyzed the performance of the gateways by assessing the account-boarding process, evaluating developer …

About a year later than it intended, Amazon.com Inc. on Monday opened to the public an 1,800-square-foot convenience store in Seattle that promises to streamline physical shopping and payment as the company has for decades smoothed out the wrinkles in e-commerce. Along with Amazon’s $13.7 billion acquisition last year of …

Suddenly, person-to-person payments services are gaining utility beyond just paying a person via a smart phone. What gives? So you thought these newfangled person-to-person payment services were meant only to replace cash with smart-phone apps that enable individuals to send and receive money electronically? Think again. All of a sudden, …

The evolution of ATMs away from strictly card-based usage and toward mobile devices advanced Thursday when Fort Lee, N.J.-based Cross River Bank reported that it is the first bank to offer Mastercard Inc.’s Cash Pick-Up service. The service, which Mastercard announced in September, enables so-called underbanked or unbanked consumers to …