Fintech

With increased scalability, more and more consumer products can be verified and monitored every second, writes Vlad Trifa, chief product officer at Ambrosus.

Even among the experts in the payments industry, people still use cash. Banks can't ignore this, according to Paul Amisano, senior vice president for enterprise digital and payments strategy at BB&T.

If a merchant seeking to avoid credit card fees turned to cash discounting, it was at least partly because the other option — putting a surcharge on credit card use — was complicated and illegal in many states.

Western Union plans to begin soliciting potential suitors within weeks. No decision has been made and Western Union may decide to keep the business.

The Mass.-based credit union is the latest to drop its federal charter in favor of state oversight.

New York- and Tel Aviv-based Behalf provides point-of-sale financing for SMEs making e-commerce purchases from large merchants. Visa will offer Behalf’s SME clients reusable, tokenized Visa virtual cards which give businesses instant loans for their purchases and flexible repayment schedules.

Acorns is about investments, but its debit card is about something else: instilling pride in the act of making a payment

The plan identified five risk areas — including cybersecurity — that will be on the agenda for agency examiners next year.

As the major banks grapple with the slow and steady implementation of The Clearing House’s Real Time Payments (RTP) system, one organization, Ingo Money, is forging ahead in delivering faster payments for its clients and their customers using the card networks’ push payments rail.

Fiserv will buy the business, once known as Elan ATM and Debit Processing, for $690 million.