The ATM made its U.S. debut 50 years ago, and a half-century later the future of cash and cash-dependent industries like ATMs is the subject of intense debate in industry forums and at city halls and state capitols. Chemical Bank, now part of JPMorgan Chase & Co., installed the first …

Technical advances in identification and authentication are finally establishing an alternative to the alarmingly insecure username-­password combo. Owing to the increasing amount of digitization in all areas of life, secure identification and authentication are becoming more and more important. Particularly, the transfer of sensitive data such as payment transactions must …

With fintechs nipping at their heels, the payment card networks are buying up companies big and small in a range of industries. How far will the networks venture beyond their core business—and at what price? Mergers and acquisitions tend to come in fits and starts, and lately M&A activity involving …

Ever more numerous digital payments and better management tools are helping transform the venerable stored-credential transaction. As ubiquitous as card-on-file transactions have been, the expectation is that this payment method is poised to grow in volume and importance in coming years, especially as more commerce moves online and consumer comfort …

Are the big card networks no longer content to be card networks? You might be excused for thinking so if you looked at the buying binge Mastercard Inc. and Visa Inc. have embarked over the past year or so—with some participation from American Express Co., as well. Much of this …

Mobile payments so far account for a mere 2% or less of U.S. general-purpose card payments, according to some estimates, and that’s no surprise to some executives who believe mobile payments haven’t delivered for many merchants. “I don’t think anyone in the market is solving problems for the retailers,” Laura …

Following Klarna’s recent raise of $460 million looking to expand its payments presence in the United States, and Mastercard Inc.’s recent acquisition of Vyze, the consumer-finance space is heating up with the big players of the finance world entering the arena. It is a further indication of the importance of easily …

N26 Inc., the U.S. unit of German bank N26 GmbH, launched its mobile-banking app that includes MoneyBeam, a person-to-person payment service between N26 bank customers. Accounts also include a Visa debit card.Merchant processor Net Element Inc. said its Unified Payments subsidiary is providing Internet of Things payment services in the property-management market …

A CreditCards.com poll found that 49% of U.S. adults usually pay with cash for transactions of less than $10. Thirty-five percent use debit cards and 16% use credit cards. The survey canvassed more than 2,500 adults in July.Eighty-two percent each of Generation X consumers and Baby Boomers buy in-store at least monthly, Blackhawk …

Apple Inc. says 12 U.S. colleges, with more than 100,000 students, will enable contactless student IDs in Apple Wallet this school year. The students will be able to use their student IDs on iPhones and Apple Watches to enter buildings protected by keycard access, buy meals, and make purchases in college …