The Latest

After weeks of enduring a firestorm of negative feedback regarding its proposal to launch the Libra cryptocurrency network, Facebook is turning to a more conventional system by joining other "Pays" in launching Facebook Pay.

Visa has purchased a minority stake in Nigerian payment processor Interswitch, giving the card brand deeper access to nearly two dozen nations on the continent.

Multichannel payment technology provider Ingenico Group is partnering with Singapore fintech Pundi X to deliver a point-of-sale terminal that can accept crypto payments.

From its start four years ago as a PayPal service, the Xoom mobile money transfer network has positioned itself as an international P2P app that could rival traditional networks through its speed and ease of use.

Fannie Mae and Freddie Mac’s exemption from the Qualified Mortgage rule is on borrowed time, but a House bill would allow lenders to use the mortgage giants’ guidelines for documenting borrower income.

It should offer some form of guidance to spur innovation, a former official with the bureau says.

Nok Nok Labs and Apple are separately trying to improve authentication techniques as smartwatch payment options stack up.

Truliant FCU and Topline FCU made changes to their member experience teams while other institutions also announced personnel moves.

New data analytics could help provide more comfort to banks in doing business with the cannabis industry, despite restrictive federal laws.

Banks like RBC and JPMorgan Chase can now more easily draw real-time FactSet data feeds into applications.