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The payment company, which is downsizing, plans to expand into markets where merchants are increasingly migrating to digital commerce.

Credit Suisse Group is planning a fresh round of job cuts at the global wealth management business starting next week, adding to dismissals that already started at the investment bank, according to people familiar with the matter.

Bank-to-bank transactions that currently take two days could be settled in 10 seconds using central bank digital currencies and blockchain technology, the reserve bank finds.

The payment platform will let institutional clients distribute digital payments more efficiently, using low-code software and artificial intelligence.

Open data could be a game changer for small and medium-sized businesses. We need a regulatory structure that recognizes this.

In a departure from its decadelong strategy of embedding itself directly in merchants' checkouts — and a bid to add value — PayPal is launching support for Apple Pay and Apple's Tap to Pay.

The regional bank's play for a piece of the wealth management pie, under wraps for more than a year, has a unique twist.

The interest paid on consumer deposits has barely risen despite the Federal Reserve's aggressive rate hikes, writes Sen. Jack Reed, D-R.I., in letters to seven of the largest U.S. banks including JPMorgan Chase and Wells Fargo.

The potential for either chamber of Congress to turn over to Republicans and rising concern about inflation adds urgency to pass the Durbin-Marshall amendment on interchange fees, experts say.

The central bank is budgeting initial losses for its long-anticipated instant payment system, which is scheduled to debut next summer.