John Adams

Patterson has restructured the legal department's Diversity, Equity & Inclusion Council, adding more roles for the leadership team in an effort to improve diversity in the department.

Executives from banks, credit unions, card issuers and investment firms at American Banker's Card Forum discussed ways the public's embrace of digital transactions and credit alternatives like buy now/pay later is shaping everything from products to business strategies.

Venture capital firms are pouring money into startups whose data-crunching technology — including machine-learning systems that predict funds availability — speed payments and inform credit decisions in e-commerce.

The U.K. challenger bank rescinded its application to become a U.S. bank after pandemic-driven losses.

TD and others are partnering with the money transmitter to respond to the competitive threat posed by startups offering low-value remittances. "Change is going to happen. Real-time payments are coming," a TD executive said at American Banker's Card Forum.

Products such as buy now/pay later and early wage access are developing so quickly it's hard for government oversight to keep pace, according to legal experts who spoke at American Banker's Card Forum.

Small merchants will be able to send customers directly to online stores from videos, advertisements or shopping sites using a new product created by the two companies.

The tech giant's high-stakes court battle with Epic Games over App Store checkout pricing has gotten most of the attention. But its policies are also facing scrutiny in the U.K., Japan, Australia and elsewhere.

Apple has a new method for integrating health records with its Wallet app, helping retailers check vaccination status before accepting payment. Here's why that could be concerning for credit card issuers.

Longtime bank executive Uma Wilson will head the cross-disciplinary team.

The company's new app bundles banking services such as payments, buy now/pay later and direct deposit. But the company plans to add features that could include stock trading, a popular offering from tech startups.

The companies each recently rolled out new contactless checkout technology as they attempt to turn Amazon Prime and Square Cash into platforms that let consumers pay for goods, save money, take out loans at the point of sale and conduct other financial services all in one place.

The consumer app, which was originally distinct from the company's merchant network, can now be used to pay via a QR code.

The wireless network will send digital request-for-payment messages, which can be paid immediately over The Clearing House's network from a Citigroup account.

Businesses requiring customers to show proof of vaccination could streamline verification by incorporating inoculation records into wallet apps that patrons already have on their phones.

The bank is taking a majority stake in a VW unit that enables drivers to use their dashboards to pay for such services as gas or parking. It's a recognition of the innovation taking place in the automotive sector.

The fintech's partnership with the world's largest card network allows it to expand in a market where red tape has stymied many U.S. payment companies.

Individual stock trading may seem far removed from these companies' core payments business, but the service could fatten account balances and increase customer engagement.

Both tech companies require developers to use the app stores' built-in payment systems and pay as much as 30% of each consumer transaction. South Korea just passed a bill that ends this practice, and U.S. lawmakers have proposed similar legislation.

The partnership pits the buy now/pay later company against the e-commerce company's issuer partners, JPMorgan Chase and Synchrony Financial, and adds to the fintech's allure as an alternative to payment cards.