Dan Schulman, chief executive and president of PayPal Holdings Inc., will retire at the end of the year but retain a seat on the company’s board, he revealed late Thursday during a conference call with equity analysts to discuss PayPal’s fourth-quarter and full-year 2022 results. Schulman, who turned 65 in …

Seeking to entice small businesses to pay for purchases using their Visa business card, Visa Inc. on Wednesday launched Visa SavingsEdge, a program that rewards small businesses that have Visa business cards with savings and discounts on business-related services from about 60 merchants. The rewards and incentives include everyday savings …

Real-time payments are getting more attention in financial services, and vendors are quickly enabling the faster-payment capability. Among the latest to do so is Sionic Corp., with its suite of services that includes its Verified Rapid Payments, and Oracle Corp., with a new set of cloud-based banking services. Atlanta-based Sionic …

Seeking to improve merchant adoption of PINless debit transactions, the U.S. Payments Forum Monday released a white paper detailing the potential obstacles to PINless debit implementation in the United States and how they can be overcome. One advantage of PINless debit transactions is that they can be processed faster than PIN-based debit transactions, …

Clickatell, a U.S. provider of mobile commerce and messaging solutions, announced late Thursday it is partnering with South Africa-based airline FlySafair to enable the airline’s customers to pay for checked luggage using the WhatsApp messaging channel. To make a payment, the airline’s customers access the WhatsApp channel on their mobile …

Observers have warned that an activist Consumer Financial Protection Bureau is likely to act on multiple fronts that involve the payments industry. Early Wednesday it released its latest proposal, a move to cut the $12 billion it estimates consumers pay annually in credit card late fees. While the proposal could …

P97 Networks, a provider of cloud-based mobile-commerce technology to convenience stores, gas stations, and the automotive industry, is teaming with Visa Inc. to deploy Visa’s token technology as a way to reduce friction with in-car payments, as well as create new customer experiences for mobile-wallet users. P97 will use Visa’s …

A recent pilot demonstrated a number of benefits stemming from the conversion of real-world assets into their digital equivalents. Lost in the coverage of the crypto meltdown last year were some important announcements by major bank associations, such as SWIFT and the Bank for International Settlements, about the use of …

With major markets adopting real-time payments processing, U.S. banks that don’t act soon risk being left behind. All around the world, banks are making the move to real-time payments. Throughout Europe, Latin America and Asia, we’re seeing banking customers reap considerable benefits from being able to transact in real time. …

Elon Musk helped found what became PayPal back at the turn of the century, and now it appears he is moving on an ambition he outlined months ago to add a payments feature to Twitter, the social-media platform he paid $44 billion to acquire in October. The San Francisco-based company …