John Adams

Bank of England seeks CBDC experts, BNP Paribas' bonus pool gets larger and more

Klarna, Fiserv, Worldline and other tech firms are using artificial intelligence-powered systems such as ChatGPT to modernize their offerings.

Typically called softPOS or Tap to Pay, the technology allows sellers to receive transactions without add-on hardware. It's becoming a popular payment option for small business and mobile sellers and other users.

PhonePe backs away from a buy now/pay later acquisition, Germany fines EY for Wirecard scandal, and more.

Finaro, Northmill and NMI are joining with the card network to expand contactless payment acceptance via smartphones without add-on hardware.

Circle has proposed using central bank digital currencies as part of a backstop to mitigate the same sort of risk that caused its own coin to lose its peg to the U.S. dollar during the run on Silicon Valley Bank.

The quest to make instant settlement ubiquitous in all countries requires scale and connectivity, creating opportunities for intermediaries that can handle the last mile.

Like bank and credit union branches, sit-down restaurants face rapid changes in consumer preferences, requiring a quick pivot to a growing range of digital service and checkout options.

Klarna adds chatGPT, BNP Paribas outsources to the Nordics, Mastercard teams with a French fintech and more.

With FedNow set to launch in July, UMB is looking at ways to implement the instant settlement network with payroll and other transaction types.