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 …

With consumer expectations higher than ever, analytic tools that can meet those demands while weeding out fraud are more important than ever, says Luke Reynolds. A recent survey conducted by Juniper Research predicted the overall value of fraudulent online transactions globally will reach $25.6 billion by 2020. Of that activity, …

The U.S. is finally moving toward faster and more secure payments, but the process is far more deliberate than it needs to be. Look at Australia for an example of how it could be done better. Observers of the U.S. payments industry can be forgiven for wondering—in the wake of …

We list 37 entries this year, of which only three appeared in our original Guide nine years ago. This year’s Field Guide represents our 10th annual effort to catalog the broad currents in electronic payments by listing some of the more salient players providing alternatives to the big network brands. …

General-purpose mobile wallets have yet to convince most merchants and consumers that they have real value. Can that change, and if so, when? The hype over mobile wallets hasn’t ceased ever since Google Checkout launched way back in 2006, and it’s only become louder since Apple Inc. unveiled Apple Pay …

(This is the second part of a two-part column. Part I appeared in the April issue.) Last month, we went through the first three steps in a process that banks and fintechs have used to innovate. This month, we’ll complete our description of the process of facilitated group innovation. It’s …

China’s central bank informed American Express Co. that it would “formally accept” its application to clear and settle domestic bank-card transactions, potentially making AmEx the first U.S. card network to get permission to operate in China, The Wall Street Journal reported. Visa Inc.’s stock has produced a total shareholder return …

More than a year after the Trump Administration took power, payments industry executives looking for a friendlier tone from Washington, D.C., are getting it, but it’s questionable just how much tangible benefit this will yield, two expert Washington observers said Tuesday. Meanwhile, the picture could darken this fall if, as …

Klarna Inc. is bringing another of its buy now/pay later products to the U.S. market this summer with broader availability later in the year. That’s the word from Jim Lofgren, chief executive of Klarna Inc., the North American arm of the Sweden-based online payments firm. Lofgren, speaking to Digital Transactions …

Mastercard Inc. announced that consumers shopping on BJs.com, the e-commerce site for BJ’s Wholesale Club Inc., now can use its Masterpass digital wallet as a payment method. JPMorgan Chase & Co. reported that it processed $316.3 billion in merchant payment volume in the first quarter, up 15% from $274.3 billion …