U.S.

Following the lead of open banking regulation in Europe, payments technology provider Elavon is working with Nuapay in the U.K. to provide account-to-account payment setups for its merchant clients.

Challenging business conditions, exacerbated by coronavirus fears, have disrupted organizers' planning efforts.

Afterpay, whose online installment loans are seeing strong growth in the U.S. apparel sector, has partnered with Oakland, Calif.-based processor Marqeta to develop additional payment products and services.

Afterpay has found an opening in the U.S. by targeting the millennials who don't have a credit card to use at the point of sale.

Credit unions could be feeling some of the heat from critics of their bank takeovers, or simply gearing up for another round of activity.

The formerly invite-only challenger bank Majority has launched across the U.S. offering free remittances to four African countries.

Pushback from banks, a smaller pool of sellers and potential regulatory hurdles could pose setbacks for credit unions this year.

While not as large as the U.S. both in number of people and number of credit card owners, the U.K. remains a very lucrative market for issuing banks and card networks, as well as a host of alternative financial service providers catering to younger, underserved consumers.

So far this year, Lloyds and Clydesdale and Yorkshire Banks have had payment failures in the U.K. And in the U.S., a software glitch at parking technology vendor Parkeon halted digital payments at meters in New York and other cities.

In its proposal to obtain one of the full digital banking licenses Singapore will award later this year, online gaming company Razer has laid out the gaps between what traditional banks offer and young adults need.

Online payment processor Allied Wallet is now accepting Alipay as part of its payment gateway to help simplify payments between the U.S. and China.

Lower interest rates are allowing banks to use the cheaper capital to repay higher-cost debt and prepare for future expansion.

Payment companies looking for relief from international political chaos got a moment of clarity in the form of a decisive U.K. election and nominal progress in the trade war.

European challenger bank N26 is adding a range of promotional incentives for using its debit card as it expands in the U.S.

David Becker, who founded First Internet Bank two decades ago, says traditional banks' digital-only ventures are only making his bank look more mainstream.

Ana Botin, the Spanish banking giant's chairman, is counting on Santander's new digital platform to help drive expansion in the U.S. and Latin America.

Recent closings could portend a stiffer regulatory stance on capital adequacy and risk.

Cash access has grown tighter in the U.K. as more consumers adopt digital payments and banks shrink their fleets of branches and ATMs. Could the U.S. could see a similar phenomenon?

Panelists at the ABA's annual conference said that reviewing and updating procedures and marketing tactics can help bring in more accounts.

It's difficult to recruit and retain talent amid low unemployment, while uncertainty about GSE and BSA reform makes planning harder, bankers said at the ABA convention.