PayPal and other non-banks got out of the gate fast to build burgeoning person-to-person payments empires. Is Zelle the banks’ savior? In a few months, the battle between banks and non-banks for the lion’s share of the exploding person-to-person payments market will escalate to a new level. That’s when Zelle, …

Canada’s credit card interchange rates have already come down and, under government pressure, could be coming down again. Snow and cold haven’t stopped Canadian bankers and retailers from trekking to the national capital of Ottawa, Ontario, this winter. The reason: to give their opinions to minister of finance William F. …

Can anything beat rewards as an inducement to get consumers to use mobile payments? Some experts say apps that let you skip the line might just do the trick. Mobile wallets are still relatively new technology, but the payments business has had enough experience with them to come to at …

The payments business has had more than a year of chip card struggles. Now, a long-time observer of the payments industry argues there is a better solution for the threat of rising fraud. As 2016 wound to a close, nothing short of a massive business hangover loomed over the U.S. …

As POS systems gain ground, vendors strive to keep merchants happy with more than single-purpose payment terminals. Enter the app store. Adaptability as a survival mechanism not only has a role in nature, but in the payments arena, too. One area where that’s manifested is in the adoption of a …

The financial-services industry is closer than you think to widespread adoption of biometric authentication, says Kirsty Tull. Here’s why. There is always that scene in action and spy movies. You know the one. In Mission: Impossible, they must defeat the facial-recognition system to access some secret data. James Bond’s gun …

Last summer, Digital Transactions published a cover story about Bitcoin headlined “Masterpiece or Showpiece?” In the article, freelance writer Bailey Reutzel pointed out that while the cryptocurrency was invented as a medium of exchange, it has developed instead more like a collectible—something of value that behaves like an investment. That …

Counterfeiting is still the king of U.S. payment card fraud, according to the Federal Reserve’s recently released Payments Study 2016, but probably not for long thanks in part to the coming of EMV chip cards and the aftereffects of data breaches. Counterfeit fraud accounted for 44% of U.S. payment card …

Payments companies are taking strides toward integrating rewards for everyday purchases into mobile wallets, while making it easier to redeem those rewards at point-of-sale terminals. Last month, vending-payments specialist USA Technologies Inc. said it is integrating its MORE. loyalty platform into Apple Pay. The deal is designed to induce more …

A layman would have a hard time equating a ban on credit-card surcharges with repression of free speech, but that was the crux of the argument Jan. 10 between lawyers for merchants and the state of New York as they debated for about an hour before before the U.S. Supreme …