Payments industry veteran Dan Henry has been named chairman of 3PEA International Inc., a prepaid card program manager. President and chief executive Mark Newcomer, who co-founded the company and has served as chairman since 2006, will become vice chairman. Henry was until recently chief executive of prepaid card specialist NetSpend, …

Visa Inc. is sponsoring a contest in which the winner will receive an international trip on which all expenses will be paid without using cash. Applicants must submit a short video by June 15. Fidelity National Information Services Inc. (FIS) has extended to 2022 an agreement with Minor League Baseball …

Blockchain provider Ripple Labs Inc. reported results on a number of pilots it is running for its XRapid cross-border payments network. Participants in the pilots have realized cost savings ranging from 40% to 70% compared to conventional fees. The average XRapid transaction took a little over two minutes, compared to two 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 …

The mere hint that Amazon.com Inc. could add a person-to-person payments function to its Alexa voice-commerce service was enough early Friday to shave value off of the shares of PayPal Holdings Inc. and Square Inc., both of which offer P2P networks. At mid-morning, Square’s shares were down more than 3% …

POS equipment maker Ingenico Group said KFC Corp., a unit of Yum! Brands Inc., migrated its U.S. payment system to Ingenico’s Telium semi-integrated POS service. Consumers now can make chip-and-sign, chip-and-PIN, magnetic-stripe, and contactless transactions at KFC locations. Online shopping-cart provider 3dcart said its upcoming version 8.1 will support Google …

While mobile-payments growth has fallen short of expectations in the United States, worldwide mobile volume will grow at an average annual rate of 33.8% through 2023, reaching $4.57 trillion by that year, according to projections by Allied Market Research. Market drivers include consumer preference for digital and cashless payments, the firm …

Will additional embedded features in the new universal cards move them ahead in the age of digital wallets? People may have to forget the failures of the earlier generation first. Getting consumers to carry more than one credit or debit card has been the goal of most issuers for the …

Wave-and-pay flopped when issuers tried it 10 years ago with mag-stripe cards. Now it’s staging a comeback with EMV and mobile payments. The sequel just might be better than the original, but showtime is uncertain. After years of false starts and overenthusiastic hopes, the U.S. just might be about to connect …