Cardlytics Inc. is building its infrastructure to support as many as 200 million monthly active users of its merchant-funded rewards program by the end of 2019, more than three times the 60 million it currently has, company executives said Thursday. The big expansion comes as Cardlytics’ grows its business with …

Apple Inc. said revenue from its services, which includes Apple Pay, the App Store, Apple Music, and iCloud, surpassed $9 billion in its second quarter, besting by more than $2 billion the total a year ago. “Apple Pay continues its strong growth with active users more than doubling and transactions …

Coveted word-of-mouth advertising is failing the mobile-payments services offered by technology giants. That’s the assessment from the Q1-2018 Mobile Pay Tracker report from Auriemma Consulting Group. Though 34% of consumers among the more than 1,500 surveyed use mobile payments—up five points from a year ago—not many are as willing to …

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. …

General-purpose mobile wallets have yet to convince most merchants and consumers that they have real value. Can that change, and if so, when? The hype over mobile wallets hasn’t ceased ever since Google Checkout launched way back in 2006, and it’s only become louder since Apple Inc. unveiled Apple Pay …

Seven months ago, our piece for this space was headlined, “So, Where Are We With Bitcoin?” The concern then was a steady climb in Bitcoin’s value and whether it constituted a bubble. The associated question was whether the cryptocurrency could ever establish itself as a means of payment, either online …

Over the years, merchants have been continually forced to adapt to the changing needs and preferences of consumers. Now more than ever, we are living in a consumer-driven economy, and with evolving technologies, the power of the consumer has filtered all the way to the payments experience. As consumers increasingly …

VeriFone Systems Inc. once again is preparing to become a privately held enterprise, according to Monday’s announcement that an investor group led by Francisco Partners has agreed to buy the point-of-sale terminal and services provider for $3.4 billion. The deal, expected to close in the third quarter, values each VeriFone …

Point-of-sale integrators, help desks, and other computer-related service providers for businesses, look out—the hackers are after you. The new Global Security Report 2018 from Chicago-based Trustwave says service providers were involved in 9.5% of the 700-plus data compromises the firm investigated in 2017. In 2016, service providers played a role …

Lately, the cryptocurrency craze has raised any number of questions, but probably the most pressing one for the payments business is whether any of these hundreds of tokens can ever succeed as an actual payment device. But while fluctuating trading values plague all of the digital currencies, one stands out …