Payments

American Express is the “most-loved” financial service on social media in 2017, according to a recent report, followed by PayPal,...

Fee-less Challenger Bank Chime Set to Sign 100,000 New Accounts This Month

EXCLUSIVE— Mobile-only bank account Chime hopes to sign 100,000 new accounts on its platform by the end of January 2018,...

EU Banks Must Support Biometric Authentication by April 2019, Mastercard Says

Payments provider Mastercard has issued a deadline for the availability of biometric authentication across its cards, stating that all customers...

No More Bitcoin Payments on Stripe

Payment processor Stripe will no longer support bitcoin payments on its platform, citing the cryptocurrency’s price volatility as a factor...

BofA Eliminates Free Checking Accounts, Now Charging $12 Fee to Low-Balance Customers

EXCLUSIVE- Bank of America has quietly shuttered its free checking account, now requiring customers to keep a certain minimum balance...

Innovation Hub Motive Labs Seeks to Solve Major Pain Points of Retail Banks

EXCLUSIVE - The two fundamental keys to most challenges retail banks and payment companies face on the innovation front are...

As New Technologies Falter, Identity Remains a Top Concern for Businesses

EXCLUSIVE—Facial recognition and other forms of biometric authentication may not have their golden moment in 2018, as the recent iPhone...

Bank of America Merrill Lynch Announces New Virtual Payables Feature

EXCLUSIVE - Bank of America Merrill Lynch has added a new feature to its Virtual Payables product, an offering which...

DBS, Xero Create Online Payment Solution for Singapore SMEs

Singapore-based bank DBS has partnered with technology provider Xero to build an online payment solution for small and medium-sized enterprises,...

There’s No Room For Another Consumer Payment App in the U.S.