Merchant

Brad Sherman of California and Gregory Meeks of New York are worried the proposed accounting standard for recording loan losses will reduce access to credit for small businesses and low- and moderate-income communities.

Owners of firms that employ only themselves would prefer to use loans or lines of credit, but more often than not they resort to credit cards, according to a new Fed report. Is this a missed opportunity for banks?

Mastercard and white label payment software company Cardstream are partnering to accelerate the deployment of Mastercard’s Secure Remote Commerce (SRC)-ready Masterpass wallet and its “Pay by Bank” solution.

The Marriott incident will open the door to loyalty program fraud, account takeover and myriad other risks, writes Michael Reitblat, co-founder and CEO of Forter.

Even the best technologies take time, making it necessary to rein in expectations about what will happen and won't happen in the coming year.

The credit union stalwart purchased Mirador, which is heavily dependent on bank relationships. The challenge now is keeping those clients in the fold.

With Brexit on the horizon, the volatility of the U.K. financial market has created an increased demand for more flexible financing among small and medium-sized enterprises. But a decade on from the 2008 financial crisis, the loans available for SMEs are still restricted by regulations on the total amount of capital that banks must hold.

Fintechs and banks are both pursing the market, which much adjust to handle the larger volume, according to Nufar Segal Bareket, a general manager at Jifiti.

Germany-based Wirecard is working with Google to enable users of Wirecard’s boon mobile app to pay at any French merchant that accepts Google Pay as it becomes available in France.

Vipps International, a Norway-based payments service operated by a coalition of more than 100 Norwegian banks, is the latest to collaborate with China’s Alipay mobile wallet in a partnership to capture more payments from Chinese tourists.