Fast, frictionless credit at the point of purchase, delivered via mobile apps, threatens to sideline banks. It won’t—if they look upon new fintechs as friends rather than foes. We increasingly use smart phones to make contactless payments and apps to collect rewards. And now, we use new and fast-growing short-term …

For Mastercard and Visa chargeback process changes to make the most impact on friendly fraud, merchants will have to take matters into their own hands. About a year ago, Visa Inc. rolled out a new initiative to update, modernize, and streamline chargeback procedures and the dispute-management process. Later in the …

The ducks are lining up for U.S. contactless payments with dual-interface cards, but they’re not all in a row yet. Outdated POS terminals and certification issues still stand in the way. Forget the swipe, and even the dip. Tapping plastic cards is the wave of the future, in the eyes …

The best health-care advice you can get is: “Eat right, sleep right, exercise, wash your hands, do Yoga, and don’t watch the news.” We have plenty of data to validate such advice, and it works. Alas, every so often, we get sick, fall, get hurt. And then we expect a …

The conditions for the widespread adoption of contactless payments using chip cards are in place, asserts a report from the Federal Reserve Bank of Boston. But when that will happen and what will trigger it are unknown in the Fed report, “Tap to Pay: Will Contactless Cards Pave the Way …

Payments provider Electronic Merchant Systems announced its affiliation with the National Football League’s Cleveland Browns Proud Partner program. Paysafe Group said Philip McHugh will become its chief executive beginning June 24. He replaces Joel Leonoff, who will become vice chairman of the Paysafe board of directors. McHugh comes to Paysafe …

Payments observers are tempted to think of the $21.5 billion proposed merger of Global Payments Inc. and Total System Services Inc. (TSYS), announced Tuesday, as the latest megadeal in a series initiated in January when Fiserv Inc. said it would acquire First Data Corp. That announcement was followed by the …

Amazon, Apple, and Microsoft each briefly enjoyed a market capitalization greater than $1 trillion. The two dominant global payment networks, Mastercard and Visa, aspire to join this august, and for the moment, memberless club. In the near term, the networks could grow on autopilot. However, inevitably diminishing retail-payments growth in …

Payments provider Nuvei announced it will buy SafeCharge International Group Ltd. for approximately $889 million. SafeCharge’s payment platform provides services ranging from card acquiring and issuing to processing and checkout. This confirms reports of a pending deal. Processor Payment Data Systems Inc. said Dealer Pay LLC, provider of a payments …

There’s nothing like mass transit to inculcate payment habits in consumers, so it’s no surprise the major card brands are scrambling to see that their products are part of the ongoing rollout of contactless payments in the nation’s biggest transit system, New York City’s Metropolitan Transportation Authority. Starting May 31, …