John Adams

Companies holding a Bitlicense will have to follow similar standards for consumer protection, safety and soundness, and pay more to cover the cost of regulations.

Payments orchestration — or sending transactions to the best option based on cost, speed and other factors — is gaining fresh attention ahead of FedNow's anticipated July launch.

"The bar is being set by consumer interactions," says Alisa Ellis, who is helping lead modernization efforts at the financial institution.

The card brand is partnering with PayPal, Venmo and other firms in an attempt to erase the friction that accompanies transfers between different apps.

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.