Acquiring TIO Networks gives PayPal an all-important launchpad for reaching consumers underserved by banks. How will it leverage that asset? PayPal Holdings Inc.’s $233-million acquisition of Vancouver-based processor TIO Networks Corp., which was finalized in July, does more than make the digital-payments system an immediate player in the bill-payment market. …

The Western Union Co. this week positioned itself to fend off competition from peer-to-peer payment services by partnering with Mastercard Inc. to integrate Mastercard Send into its money-transfer service. The service, which is expected to be available in only the United States starting in early 2018, will allow consumers to …

PayPal Holdings Inc. has been talking for more than a year about allowing users of its popular Venmo person-to-person payments app to use the app to pay merchants. On Tuesday, the payments company threw the door wide open for Venmo, announcing it can now be used to pay at as …

Bank of America Corp. reported Friday that it handled $4 billion in Zelle person-to-person payments in the third quarter, up 67% from $2.4 billion a year ago before the Zelle brand went live this past June. Meanwhile, JPMorgan Chase and Co., the nation’s largest bank, on Thursday reported a 13% …

Point-of-sale terminal maker Ingenico Group said its Telium Tetra POS terminal is now available in Canada through TD Merchant Solutions, the first Canadian acquirer to offer the device. Separately, processor Elavon, a unit of U.S. Bancorp, made the Poynt Co. POS terminal available in Canada. Ingenico said its touchscreen, countertop …

Financial institutions wearied of seeing nonbanks scoop up more and more of the digital person-to-person payments business, so they’ve begun offering the service themselves. But a report released Wednesday indicates those efforts aren’t panning out all that well, at least for mid-sized and smaller institutions. “Lots of hype and no …

Wells Fargo & Co. launched cardless cash access at its ATMs using near-field communication technology. Consumers using the bank’s mobile app hold an NFC-equipped smart phone near an NFC-enabled ATM after opening and authenticating the bank app. The ATM then prompts for a PIN entry to complete the transaction. Wells said …

Mastercard Inc. and PayPal Holdings Inc. announced they have extended to Canada, Europe, Latin America, the Caribbean, and the Middle East an agreement first reached last year for the U.S. market that clarifies Mastercard as an equal payment option in the PayPal wallet and gives PayPal access to Mastercard’s tokenization …

By moving to real-time payments, US banks will enhance their service as well as generate cost efficiencies and higher revenues, writes Darryl Proctor When the subject of US banking comes up, Wall Street, innovative multi-billion-dollar deals, and cutting-edge technology might come to mind. The reality, however, is a bit different. …

Shares of payments companies outperformed the general stock-market indexes in September, and beat most of them in the third quarter and the year so far, investment firm Barrington Research reported Monday. A group of 29 payments stocks posted a mean return of 2.74% in September, its ninth straight month of …