John Adams

The Federal Reserve's long-awaited real-time payment system is at the finish line. But there's still some wrinkles that need to be ironed out so it can work with its cousin from The Clearing House. And how much will banks have to pay?

Like Visa CEO Ryan McInerney, Mastercard CEO Michael Miebach spent part of his company's earnings call drawing a competitive distinction between the card network and FedNow.

An appeals court ruling said the tech company must provide access to outside parties to process transactions.

Visa halts single-click payments in India, ING uses recycled beach plastic for payment cards and more.

The U.S. and other Western nations have imposed severe financial penalties against Russia. Will this boil over into other countries?

A year after Russia's invasion of Ukraine thrust the country into chaos, financial services workers are helping to rebuild the country and are expressing hope for the future.

Ryan McInerney said Visa's debit volume has remained steady in the U.K., which has had real-time payments since 2008, and it sees the Fed's instant settlement option as a potential ally,

The U.K. payment firm recently paired with the small-business technology firm Bluevine, part of a growing network of collaborations to compete in the crowded international transfer market and cut out correspondent banks.

The card network says it is prepared to act on any new demand created by the recent banking crisis or possible economic downturn even though it reported slower growth in small-merchant card spending in the first quarter.

The card network's ambition to add services has led it to work alongside companies like JPMorgan Chase, Jack Henry & Associates and Stax.

Ryan Reynolds bets on Canadian fintech, Virgin Money expands its offerings, and more.

The blockchain company is working on a model for central bank digital currencies that it hopes will make it easier to transact across borders.

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.