It’s a positive, hopeful one. But, for the time being, a myth just the same. The landscape of payments technology is rapidly evolving in many directions, serving previously unserviceable merchant environments and supporting electronic payments where they were once unsupportable. It’s easy to dismiss the role mobile technology plays in …

Payments and banking regulators have released a flood of proposed regulations—with more to come—that could reshape the industry and the way consumers access it. Government-relations teams across the financial-services industry have been hard at work trying to digest what all of these rules could mean for their businesses and the …

Peer to peer payments networks are wrestling with the fallout triggered when users send money to a scammer. Solutions won’t be easy. In the world of digital payments, there’s a scam born every minute. The latest scam is conning consumers to send money via a peer-to-peer payment network to a …

As the digital economy continues to grow, people are relying on virtual transactions more than ever. But with the expansion of digital money movement comes new opportunities for fraudsters to exploit merchants and their customers. In today’s economy, fraudulent activity can happen anywhere, to just about anyone. Digital cybercriminals are …

Buy now, pay later loans have become in a relatively short time a popular financing option for consumers, especially for holiday-season shopping. But now, that’s increasingly true not just for gifts, but for everyday purchases as well, according to data from payment-solutions and card-issuing platform provider Marqeta Inc. Based on …

As digital transactions proliferate, technology is enabling automakers to do more than make it easy to pay for parking from a dashboard. Features that have been standard in many cars, such as heated seats, can now be a service fee away. Such software-related revenue is forecasted to grow at a …

The U.S. Department of Justice announced late Friday it is filing cases against several fraud rings that use so-called microtransactions to mask their fraudulent activity from victims and card issuers. The lawsuits are being brought as part of efforts by the Justice Department’s Consumer Protection Branch to stop criminals that …

Technology provider Bold Commerce launched a feature for its Bold Checkout platform that aims to make it easier for clients to expand the range of payment options they accept. Eastern Bank PLC, based in Dhaka, Bangladesh, will issue what is said to be the world’s first biometric metal card, with fingerprint-recognition technology from …

In recent years, point-of-sale technology providers specializing in the hospitality industry have had a tough go of it. First came the pandemic, which shut down restaurants across the country. And now, the business has emerged as perhaps the most crowded POS market in North America, with at least a dozen …

Discover Financial Services said its board of directors has appointed Michael G. Rhodes chief executive and president. Rhodes, who will take office on or before March 6, succeeds interim CEO and president John Owen, who will continue as a Discover board member. Rhodes comes to Discover from TD Bank, where he was …