Ever since banks, merchants, and tech companies first introduced mobile services, they’ve looked for ways to entice more usage by streamlining the way consumers interact with little screens. Now Wells Fargo & Co. has decided to put frequently used payments services on the home screen of its mobile app, before …

An airline trade group has teamed up with Germany’s Deutsche Bank to develop a payment system that would bypass the credit card networks, potentially saving users billions in interchange. The proposal comes from the International Air Transport Association, which says it has 280 members representing 83% of air traffic. The …

A new entry in the arena for payments-related acquisitions, Syncapay, is targeting specialists in disbursements and payouts. Plano, Texas-based Syncapay debuted last week with the intent to acquire payments companies that could benefit from shared services, while retaining the autonomy that differentiates them. “We are not looking at doing a …

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 …

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. …

(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 …

The PayPal Holdings Inc. machine just keeps chugging. The company announced on Wednesday added momentum in the first quarter, driven in part by gains in consumer and merchant accounts, results for Venmo, its popular peer-to-peer payments app, and strong performance for One Touch, its streamlined checkout technology. Without offering details, …

Ready, a company specializing in self-pay software for restaurants, has teamed with Squirrel POS, a supplier of point-of-sale software to the same industry, to allow customers to view, split, and pay their tab on their mobile phones. Automatic Laundry, which provides laundry-management services for multitenant buildings, announced the LaundryConnect Pay …