Payments observers wondering when, and where, blockchain technology would take hold may want to pay close attention to cross-border remittances. Alipay Payment Services (HK) Ltd. said on Monday that it has launched a mobile-wallet based money-transfer service between Hong Kong and the Philippines using a blockchain backbone. The service, which …

Investors jumped on shares of Netherlands-based payment processor Adyen Wednesday after the company priced its initial stock offering on the high end of its expected range at €240 ($282.48) per share. As of late morning Eastern time, the stock had more than doubled to €480.30 ($565.31) per share, prompting talk …

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 …

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. …

Can any of the largest crypto coins evolve into an everyday payment instrument? Here’s what it will take to make that happen. One year ago, there were two digital currencies whose total coins in circulation were worth more than $1 billion. They were Bitcoin, at $19 billion, and Ethereum, at …

Only 8% of respondents in an HRC Retail Advisory survey said having the option to use a mobile payment in a store was important to them. The survey also found that 30% said being able to complete a transaction anywhere in the store was important. Event-organizing service SignUpGenius Inc. enhanced its …

Interest among mainstream financial institutions and payments providers in the potential for cryptocurrency is heating up just as the top U.S. financial regulator is reportedly eyeing a crackdown on so-called initial coin offerings, or token sales used by digital-currency startups to raise capital. In the latest sign that processors and …

The Consumer Financial Protection Bureau announced changes to its controversial prepaid accounts rule and extended its effective date by one year, to April 2019. The changes will adjust error-resolution requirements for prepaid card providers and will make it easier for consumers to link credit card accounts to digital wallets, some …

The U.S. Marshals Service plans to auction 3,813 Bitcoins in 11 blocks Jan. 22. The agency acquired the digital currency through forfeitures in 18 federal criminal, civil, and administrative cases. Bidder registration opens today. At Thursday morning’s price of approximately $14,000 per Bitcoin, the assets are worth about $53.4 million. …

Payments provider Clearent LLC announced its acquisition of SPOT Business Systems LLC, an independent software vendor serving the dry-cleaning industry. Terms were not disclosed. Shares of MoneyGram International Inc. dived about 9% Wednesday morning in the wake of Tuesday’s news that China’s Ant Financial Services Group would not be acquiring …