John Adams

CEO Steve Squeri said the company is adding fewer customer service representatives and is cutting down on a backlog of technology projects.

The payment network, which posts second-quarter results next week, noted localized boosts in payment volume near match sites in cities such as Boston, New York and Guadalajara.

The bank reports an increase in spending in host cities and in restaurants, along with an early read on the role of agentic AI.

New tariffs set for Wednesday cite the country's subsidized Pix network, which supports a large swath of transactions and has raised anti-competition objections from Visa and Mastercard.

By establishing direct connections to clearing networks such as Japan's central bank, the cross-border payment firm avoids intermediaries, feeding its strategy to undercut traditional financial institutions.

The payment company's Cash App Borrow has expanded lending volume by about 300% in about a year following its FDIC approval to expand lending. The company analyzes payment activity to vet loans in an effort to beat banks to consumers.

Coastal Financial, which has added Pliant as a client to support the German fintech's U.S. ambitions, says there's still a need for partners to ease compliance and automation.

The card network's AI Financial Assistant uses information from 257 billion yearly transactions to inform "conversational" advice embedded in banking apps.

The card network may sell a London-based processing subsidiary, reportedly amid government pressure on U.S. payments domination in local markets.

The payment company's PYUSD has launched on Polygon's international digital asset rail as big financial institutions give potential heft to Open Standard's pending OpenUSD.

President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.

The card network embedding technology that enables mobile devices to accept payments without additional hardware.

As JPMorganChase, Wells Fargo and others chase a potential $15 billion deal to buy Fiserv's Star network, experts say the growth of AI-powered transactions and competition among bank technology firms will make debit routing a hot commodity, portending more M&A and placing pressure on traditional card networks.

As political pushback builds, Visa and Mastercard say they're folding the energy impacts of data centers into existing environmental policy.

X Money includes rudimentary functions like deposits and P2P transfers. But it's also laying groundwork for a potential move into agentic commerce and broader financial services — which analysts say is necessary for the app to thrive in a crowded market.

The bank is part of a trend of financial institutions trying to streamline a complicated industry that paper has dominated for years.

The card network's recent partnerships attempt to build demand for new forms of artificial intelligence while feeding "value added" revenue — a nonpayment fee metric that investors watch closely.

The shutdown came in the middle of a match, knocking out processing at small businesses, a segment expected to see transactions spike during such an event.

The payment company is expanding the Afterpay buy now/pay later network and offering a Cash App mobile plan as it tries to draw consumers from legacy financial institutions and rival payment firms.

The Bank of England's new guidance changes restrictions following criticisms and concerns about U.S. dominance.