John Adams

The transfer service is reportedly building a standardized system to reimburse victims. It could take a lot of complex work to execute the plan.

Banks like BNY Mellon can compete with payment tech startups, or they can partner with them to make the most of their innovations. But in doing so, they give a potential competitor a direct line to the bank's sizable customer base.

The card company has rapidly expanded its business products this year, focusing on the hardships caused by inflation and supply-chain issues.

Bank of the West and Mastercard are separately advancing use cases for digital issuance to overcome the supply-chain slowdowns and other issues straining the global economy.

The Swedish buy now/pay later lender insists it is on a path to profitability, despite mounting losses.

The bank-led peer-to-peer payment system reportedly wants to standardize how it handles reimbursements for fraud. The move would have to both reassure consumers and keep regulators at bay.

Firms like Visa, Mastercard, Barclays and JPMorgan Chase are expanding hubs and accelerators as technology experts look for new jobs and entrepreneurs look for new ideas.

The collaboration with Thunes enables millions of underbanked mobile wallet users and merchants to perform digital cross-border sales, providing another route to cut processing costs.

A partnership with Singapore authorities and a project with a network of banks aim to demonstrate the viability and interoperability of central bank digital currencies.

Sometimes the right worker has the wrong skills. The card network's lab in Chicago is hiring people with general technology expertise, then training them for specific tasks.