Technology

The Utah company, which serves more than 2,000 banks and credit unions, has grown rapidly because it helps financial institutions deliver the types of personalized financial advice consumers have increasingly come to expect.

Several financial tech companies that applied to become national banks are seeking exemptions from many provisions of the Community Reinvestment Act. A consumer advocacy group and the American Bankers Association say the OCC mustn't allow this.

By focusing on "available near me" functions, retailers can combine digital with the need to boost small businesses, says Qualpay's Penny Townsend.

After calling off its bid to buy the data aggregator Plaid, the card network is shifting its focus back to its role as an enabler of digital payments and related services.

U.K. fintech Rapyd, backed by Stripe, has raised $300 million in a Series D round to fuel its growth through acquisitions in payment processing, card issuing and disbursements.

U.S. financial institutions should prepare for potential new regulations around data privacy and protection, digital identity verification and the use of biometrics, says OneSpan's Michael Magrath.

Cross-border payment processors are stitching together Latin America’s patchwork of local payment methods to facilitate the growth of international e-commerce marketplaces and digital content providers in the region.

Visa and Plaid have terminated their tie-up and reached an agreement with the Department of Justice to dismiss the litigation brought against them when the deal raised antitrust questions.

Worldline's $10.9 billion acquisition of terminal and payments technology provider Ingenico last February marked the most notable payments transaction in 2020, according to the annual mergers and acquisitions data of the financial technology industry report from investment bank Berkery Noyes.

Synchrony wasn’t unscathed by the pandemic — consumer spending slowed during the first half of the year — but its mix of private-label and cobranded cards for everyday items suffered far less than other issuers' cards that emphasized luxury and travel.