John Adams

The bank-led companion to the Zelle P2P app faces a market where tech giants such as Apple have huge market share and a headstart of more than a decade. Paze exec Eric Hoffman told American Banker there is still a large addressable market for digital wallet users.

Bank of Montreal has introduced a tokenized cash and deposit platform, while the London-based Monument is partnering with the Midnight Foundation's distributed ledger. Also, Starling Bank's AI play, stablecoins gain ground in APAC and Africa and more in the American Banker global payments and fintech roundup.

The lender has added a new card and plans a suite of artificial intelligence-powered technology for corporates, which face mounting pressures over tariffs and political volatility.

The payment firm's P2P app, which has only been available in the U.S., will provide a new lane for remittances and other cross-border payments.

Huntington is among the banks investing in technology that embeds payments and financial services into nonfinancial functions — a move designed to counter the encroachment of digital wallets and fintechs.

At a Transact event on career management for women in payments, leaders from Visa, NMI and elsewhere discussed embracing new and unknown ideas as a way to stay vital.

U.S. Bank's merchant acquiring group this week named Wally Mlynarski — formerly of Bank of America and a former executive at Evalon — to the top job as AI sweeps over the industry and with fintechs and traditional rivals ready to pounce.

BVNK's technology enables traditional currency and stablecoins to work together, and will enable the card network to improve distribution for clients that use digital assets.

While it's moving away from embedding transactions in ChatGPT to funneling purchases through third parties, analysts say the artificial intelligence lab's shift doesn't dilute the threat large language models pose to traditional card issuers.

David Szuchman, PayPal's top cop, leverages his background in law enforcement, including years in the Manhattan district attorney's office, to help the fintech fight against payment crooks.

The card network hopes to increase revenue from non-card payments and is tapping two major technology trends.

Cameron Bready, the firm's CEO, noted the company's clients include 12 large Middle Eastern airlines, and the closed airspace "isn't ideal."

The bank is partnering with a French software company to upgrade its usage of the emerging forms of artificial intelligence. Plus, Ripple plans to buy a local payment company to secure a license in Australia, and more in American Banker's global payments and fintech roundup.

Visa is using AI agents to streamline payment disputes, while Mastercard launched "digital executives" for small businesses.

Cari has lined up five banks so far to support tokenized deposits for transactions such as real-time payments.

Panelists at a JPMorganChase webinar said oil shipping security is shaky, creating risk of a new wave of inflation that would impact energy finance. Other analysts said the war will create pressure for some parts of the payments industry.

By acquiring the ATM firm, Brink's hopes to expand in retail commerce. Plus, Revolut issues a card to compete with Amex; Standard Chartered has a new payments chief; and more in American Banker's global payments and fintech roundup.

The blockchain technology firm has added new processing tools for digital assets and traditional money, pitching itself as a destination for crypto-curious banks.

In separate arrangements, Mastercard is working with SoFi and Visa is working with Bridge to build scale in anticipation of greater demand for the digital asset.

With the likes of Amex and JPMorganChase upgrading card perks, BofA is expanding no-fee access to more customers and products and adding incentives.