Fit Pay Inc. will bring contactless-payment technology to wearable devices in Australia under an agreement with Australia and New Zealand Banking Group Ltd. Fit Pay is a unit of Florida-based NXT-ID Inc. Payments provider BlueSnap Inc. announced integrations with six software and services providers. Bluefin Payment Systems said it received …

Visa Inc. fired one of its most prominent executives, Jim McCarthy, executive vice president of innovation and strategic partnerships, Dec. 1 because of inappropriate relationships with female Visa employees, according to The Wall Street Journal; theJournal said Visa launched an investigation into McCarthy’s actions after CEO Alfred Kelly received an …

Payrange Inc., a developer of mobile-payment applications for washers, dryers, and other machines, introduced its product for Speed Queen and Maytag laundry machines. Subscription-management platform provider Recurly Inc. said it will use international payments provider Adyen to further expand its global business. Cornerstone Bank became the 200th financial institution to …

Finastra, a banking-technology services firm, announced PNC Bank, a unit of The PNC Financial Services Group Inc., is using its services as part of the bank’s participation in RTP, the real-time payments service from The Clearing House. Fifty-percent of U.S. banks plan to increase their investments in real-time payment systems in …

Payments provider WePay is officially part of JPMorgan Chase & Co., WePay announced Monday. The banking giant wasted no time putting WePay to work as the backbone of a new payments service from Volusion LLC, an e-commerce platform. Chase announced in October it was buying Redwood City, Calif.-based WePay for …

As long as consumers have good reason to believe that they will have their privacy infringed, it will be impossible for politicians to introduce a cashless society. It doesn’t take a crystal ball to know that in the coming years, digital transformation will continue to make shopping more convenient. And …

The ATM turned 50 this year, and while its usefulness is expanding with new mobile and cardless capabilities, cash remains its strongest suit. Fifty years ago, the Summer of Love wasn’t the only cultural phenomenon taking place. Across the pond in England a new age in consumer banking was dawning …

Experts are just about unanimous in arguing the password must be replaced for digital authentication. But with what? Here are some considerations payments executives might ponder. Commerce and banking are increasingly digital. E-commerce is growing 10% to as much as 40% in many markets, while brick-and-mortar growth is in the …

Recently, I found in my hometown, general-circulation newspaper stories about new technologies and economic trends that banks will to have to deal with or that raise issues—and possibilities—bankers and payments organizations should probably be thinking about. Dell is creating a new $1 billion division that will focus on the Internet …

The price paid for the dazzling convenience of swipe-and-pay and thumb-and-buy is the monstrosity of backroom complexity. The convenience of Venmo, PayPal, and Square hides the growing dependence on layers on layers of protocols, equipment, and technologies. Indeed, the flipside of clicking out your banking needs on your phone is …