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The Delaware company plans to reinvest savings from the $1.5 billion acquisition to upgrade technology and delivery channels.

The cryptocurrencies join more than 60 different payment methods across 200 counties on Flow’s cross-border e-commerce platform, which includes Visa, Mastercard, PayPal, Alipay, WeChat Pay, Union Pay and many more

The company says several banks and credit card issuers are interested in data sharing; rates may go even higher when corporate borrowers need to refinance.

The information you need to start your day, from PaymentsSource and around the Web. Today: Microsoft adds Masterpass; A global fintech sandbox takes shape; Shaq invests in gig economy app; Fast EMV processing gets faster; Blockchain tackles mobile payments.

MakeCents uses a distributed blockchain platform to digitize and decentralize fiat currency. For existing stakeholders, the incentives to cede some control in favor of a blockchain are lower costs, faster transactions and greater volume.

The fact remains that the vast majority of international payments are still done via banks and through the correspondent (SWIFT) network, writes Rosie Faulkner, vice president and money laundering reporting officer at Earthport.

In alleging former CEO Alan Kaufman breached his fiduciary duties to the NYC-based credit union, NCUA is seeking penalties of $4.5 million.

Even Financial, which provides an application programming interface between banks and third parties for consumers to be matched with financial products, raised the funds from investors including Goldman Sachs.

The marketplace lender recorded an impairment charge tied to the acquisition of a specialty lending business and is still being hit with costs stemming from the scandal that toppled its previous CEO.

There’s much for banks to like — and for consumer advocates to dislike — in a report on the industry's overdraft policies released Tuesday by the Center for Responsible Lending.