Fintech

The deal between the U.S. bank and the U.K. software firm adds another potential payments rival for Swift, and the two companies will offer banking APIs to U.S. fintechs.

Reliance Bancshares was in a position to reject five buyout offers over the course of a year before it got one it liked.

The Society for Worldwide Interbank Financial Telecommunication is testing a link between e-commerce and trading platforms within its Global Payments Innovation network, with the first trial taking place on the Corda blockchain platform.

Given the competitive nature of the current marketplace and the low probability that interchange rates will actually go up, issuers and processors need to continually evaluate their infrastructure, writes Steve Gilde, director of global product marketing for Paragon Application Systems.

The Germantown, Md.-based institution can now serve residents throughout the Washington, D.C., region.

Visa for years has used its sponsorship of the Super Bowl to promote contactless and mobile payments, but it hasn’t squeezed cash out of the event yet.

Apple has strived to portray Apple Pay as the trusted, go-to mobile payment option for its customer base, but the company's own security problems have undermined this effort.

The Las Vegas-based institution has returned more than $63 million to members in the last 19 years.

The New York based Petal uses machine learning to optimize the limited financial data available for low-information consumer groups and millennials, who often turn to installment loans from companies such as Affirm, Klarna and PayPal Credit.

Stadiums, arenas and theaters are natural fits for innovations such as social P2P, mobile commerce and transferrable authentication. This, in turn, makes such venues a magnet for the payments industry’s most recognizable brands.