John Adams is executive editor of payments for American Banker.
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London-based global money-transfer firm TerraPay has hired Ruben Salazar Genovez, the longtime global head of Visa Direct, in a new role as the startup's president; U.K. challenger bank Revolut has added a tool that uses machine learning to flag payments for fraud; and more.
February 21 -
The combined company could streamline card payments in a manner similar to American Express' "three party network" — while also doing more with artificial intelligence and other technologies.
By John AdamsFebruary 21 -
The bank is arguing in court with Viva founder Haris Karonis over whether it hindered the fintech's growth. The allegations strain a relationship that was already pressured by inflation and other economic factors.
By John AdamsFebruary 16 -
The major U.S. card networks are pursuing financial inclusion in Egypt, the Reserve Bank of India works to bring central bank digital currencies to more users, and other news in this week's global roundup.
By John AdamsFebruary 14 -
Shared services organizations PSCU and Co-op Solutions are offering post-purchase buy now/pay later loans, with the goal of reaching consumers who are concerned about managing their credit.
By John AdamsFebruary 13 -
Mastercard, Visa and American Express are reportedly preparing to add merchant codes to identify firearm purchases, forcing the networks to straddle a hot-button issue in an election year.
By John AdamsFebruary 12 -
With countless fintechs nipping at its heels, the bank is working harder to be a one-stop shop for e-commerce, retail store management, payments and authentication.
By John AdamsFebruary 12 -
The city's pilot program enables asylum seekers to pay for food and baby products — reducing government overhead while introducing newcomers to the local economy.
By John AdamsFebruary 9 -
CEO Alex Chriss told analysts the company's AI-heavy product rollouts won't improve financial results in the near-term.
By John AdamsFebruary 7 -
Virgin Money has cut about 150 jobs and 39 branches thus far in 2024, the Central Bank of Nepal has hired ACI Worldwide to build a payment switch to enable interoperable card payments for merchants, and more.
By John AdamsFebruary 7