News Topic: Mobile payments

The irony of the explosive growth of mobile P2P is this: As consumers get more comfortable with paying one another through mobile devices, they're thinking of P2P less as a service that one should find within a bank's app. ... Read full article

Wells Fargo is adding a new tool to make its mobile app easier to use as the bank tries to keep Silicon Valley innovators from stealing more customers. ... Read full article

The prepaid card issuer is attracting customers who are more inclined to seek it out through the app store. ... Read full article

Even as banks have built up their defenses, fraudsters continue to find new ways to try steal consumers’ identities to open accounts, take out loans or intercept payments. ... Read full article

China's mobile payment lessons for U.S. bankers; Steven Mnuchin's wishful thinking on GSE reform; unpacking Mick Mulvaney's CFPB relocation musings; and more from this week's most-read stories. ... Read full article

Though financial institutions with online bill payment services still command the largest share of the bill payment market, it’s a category with many friction points ripe for disruption. ... Read full article

Vice chairman set to leave agency on Monday; big regionals are caught in the middle, losing share to both the biggest national banks and community institutions. ... Read full article

There is no disputing that China is ahead of the rest of the world in mobile payments. What insight does it offer U.S. bankers? ... Read full article

PayPal and Barclays have formed a strategic partnership enabling Barclays customers in the U.K. and U.S. to manage their Barclays and PayPal accounts within each app. ... Read full article

The rapid adoption of voice assistants only adds to the notion they could one day be disruptors in commerce, payments and financial services. ... Read full article

Despite increased bank and investor activity around digital P2P payments, consumers haven't flocked to P2P in expected numbers. ... Read full article

The main problem is that Amazon's Alexa, Apple’s Siri and Google Assistant can’t yet verify a person’s identity. But there are already workarounds for that issue — and the tech giants may solve it soon. ... Read full article

WorldRemit's ambitious goals for its U.S. payment operations say a lot about how immigrants here are changing as customers — they’re digitally savvy, connected and mobile-ready. ... Read full article

The internet giant, SunTrust, Ally and other backers have invested $16 million in a new funding round for Greenlight Financial Technology, further blurring the lines between banks and tech companies. ... Read full article

Erminia Johannson's promotion is part of an effort by BMO Financial to generate more revenue from its U.S. operations. ... Read full article

To pitch their payments system of the future, U.S. banks hired Daveed Diggs, an actor best known for playing Thomas Jefferson and Marquis de Lafayette in the Broadway musical Hamilton. ... Read full article

Sometimes an idea is ahead of its time. Many of the most ambitious products in fintech were dismissed as absurd or over-ambitious at the time — only to feel perfectly normal years later as culture and consumer habits evolved. ... Read full article

Despite millions spent on promotions and marketing for Apple Pay and other proprietary options from banks, mobile payments volume is still weak. ... Read full article