Fintech

Lloyds Banking Group Plc agreed to buy Bank of America Corp.’s MBNA credit-card business in the U.K. for 1.9 billion pounds ($2.4 billion) in cash, marking its first major deal since being rescued by British taxpayers eight years ago.

Lloyds Banking Group Plc agreed to buy Bank of America Corp.'s MBNA credit-card business in the U.K. for 1.9 billion pounds ($2.4 billion) in cash, marking its first major deal since being rescued by British taxpayers eight years ago.

Alipay's fast growth is partly attributed to the huge size of the Chinese market, but it also deploys strategies that can serve as an example for mobile wallets in other parts of the world.

As long as there has been mobile commerce, there have been calls for different stakeholders to share competitive turf in the name of universal acceptance.

The $741 million-asset credit union’s partnership with Milk Money has raised nearly $75,000 for small Vermont businesses.

The government of President Michel Temer has signaled that it wants to tackle the staggeringly large spread between Brazil’s benchmark Selic rate - currently 13.75 percent - and the average annual interest on credit cards, which is somewhere north of 450 percent.

WEX Inc. will issue Chevron U.S.A.’s fleet cards, including all Chevron and Texaco cards for commercial fleets, beginning in early 2018, the companies have announced.

A tweak to the trade association’s full name will indicate its focus on all federally insured credit unions instead of just federal charters.

As global e-commerce proliferates, payment platforms are stepping up to cater to U.S. merchants eager to sell their wares in emerging markets. But there can be as many risks as there are opportunities when entering a new market.

As retailers, banks and technology companies continue to suffer data breaches, issuers and merchants need to take extra care when selecting payment vendors.