Merchant

As if they needed another reminder that their business models might not have a place in the modern payments landscape, independent sales organizations are left wondering what role — if any — they will have in launching the Apple Card.

The Silicon Valley-based fintech, which recently announced a new partnership with Walmart, plans to add hundreds of new workers this year.

Amazon’s incursion into brick and mortar has been aggressive, but not without its share of course corrections. The latest is a new round of price cuts at Whole Foods amid whispers of slow Prime traffic at the high-end grocer.

Lenders argue that the move is premature, citing record-low charge-offs in the agency's 7(a) program.

Banks of all sizes need to stick together to ward off threats from "unregulated" fintechs and other nonbanks, Bank of America Chairman and CEO Brian Moynihan said Tuesday.

Some contracts are not "adequately" defining which party — the bank or the vendor — is responsible for managing risks, the agency said.

Jack Dorsey said he hopes the companies he co-founded, Twitter Inc. and Square Inc., won’t be tethered to their headquarters in San Francisco.

Western Union has found a way to expand its U.S. footprint without building new storefronts through a strategic relationship it’s established with deep-discounter Dollar General.

Walmart customers will soon be able to shop for groceries online using Google hardware, giving the retailer an established market for voice ordering — that is still a distant second to Amazon's Alexa user base.

Wells Fargo & Co. has committed to converting all of its payment cards to contactless technology, beginning with credit cards and adding contactless debit cards this summer.