No, that’s not an oxymoron. The big, 46-year-old network, with links to virtually every bank in the country, is on a growth tear. Here’s why. One of the biggest untold stories in the payments industry lies ready to hand for anyone who wants to check the numbers. It’s about a …

Public-transportation fare payments are morphing from closed-loop magnetic-stripe cards to contactless cards and mobile payments. Up next: One app to pay for all, including scooters, bikes, and shared rides. Tokens are long gone and magnetic stripes are going. Contactless is coming. Beyond that, one app for all? That, in a …

Often overlooked in the market for digital bill payments is the need for immigrants, expats, and other persons living in one country to pay bills to service providers based in another country. To make that connection, international remittance service WorldRemit Ltd. said on Monday it is working with bill-payment platform Paykii …

The electronic-payments industry is settling into a ride-it-out mode as panic selling resumed Thursday on Wall Street over the coronavirus, now deemed a pandemic by the World Health Organization. The Dow Jones Industrial Average opened down 1,700 points, and most payments stocks went over the cliff with it. In late-morning …

The global coronavirus scare has prompted a number of warnings that could end up benefiting electronic payments, particularly contactless transactions. Authorities ranging from the World Health Organization to doctors in local practices have warned this week about the risks of handling paper currency, and some have also cautioned against touching …

Donald W. Layden Jr. has been appointed chief executive of USA Technologies Inc., a specialist in unattended payments. Layden, who has been serving as interim CEO since October, will continue to serve on the company’s board but will step down as executive chairman. Among other moves at the board and executive …

U.S. payment companies finally appear to be gaining some traction in China, but how—and when—that foothold will develop is still unknown. China, as the world’s second-largest economy, has long been an attractive market for U.S. payments companies. It’s only in recent years—starting in 2005 and accelerating in the past few—that …

2019 saw three of the biggest combinations in the history of the electronic payment business. The deals closed months ago. What happens now? Gotten over merger shock yet? Well, fasten your seat belt. The effects from last year’s trio of mega-combinations are likely to ripple through the payments industry for …

The Federal Trade Commission once again is looking into debit card transaction routing, and the focus is mostly on online payments. Here we go again: federal regulators are probing the seemingly arcane issue of how debit card transactions are routed. Anybody care for some caffeine? Abstruse as it may seem, …

As small businesses increasingly look for help in adopting digital payments, PFs are generating more and more payment volume—and more revenue. When payment-facilitator megaplayers, like Square Inc. and Stripe Inc., first entered the scene more than a decade ago, many within the payments industry viewed the model as too risky. …