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Harking back to the controversial practices of Bitcoin’s initial users, Tether is gaining traction among merchants that may have trouble getting credit-card processing services, or are charged high card processing fees: adult and online gambling sites, and vaping and cannabis shops.

The card networks’ new buy button, called "click to pay," is merely a stepping stone to providing a foundation for pervasive, invisible payments.

The New York company will enter Suffolk County after it buys Empire Bancorp.

The credit card issuer, which recorded an 11% decline in net income last quarter, took one-time charges in connection with a U.K. sales scandal, the start of a new partnership with Walmart and a recent data breach.

It's time to establish a fintech commission.

Julie Kreinbring has been the institution's interim leader since August and previously served as chief strategy officer.

Banks have been pressured to improve diversity in leadership; Visa reports higher volume while PayPal says Venmo now contributing.

Teen debit app raises funds; Amex invests in virtual agent; and other information you need to start your day, from PaymentsSource and around the web.

Digital payments and new financial services add complexity to the rules, says Joel Sherwin of Weinberg Gonser LLP.

The Rakuten application has opened another front in the battle over nonfinancial companies' ownership of banks.