Technology

With Visa’s sweeping change continuing to raise fees for credit card transactions, it is no surprise that many businesses, especially in the retail industry, are unhappy, says Fattmerchant CEO Suneera Madhani.

Recent proposals considered or passed by legislatures around the country grant banks certain exemptions, but they differ from state to state and may pose new compliance headaches.

WSFS, in an effort to catch up with bigger rivals, plans to upgrade digital channels in three years instead of five.

Observers speculate that Intuit simply wants to enhance revenue and protect its tax software business, but the CEOs of each company say the deal would also give consumers more control of their overall finances.

Mastercard will expand its European Technology Hub in Dublin over the next three to five years, as the card network plans to create more than 1,500 tech jobs at the site.

Intuit’s reportedly nearing a $7 billion deal to acquire Credit Karma, giving it an offering that could empower fintechs to more closely encroach on bank territory.

The central bank of Brazil will launch the Brazilian Instant Payments Scheme, or PIX, in November as the single brand for instant payment functionality.

B2B payments can thrive in the uncertain regulatory environment with the help of APIs, says Become's Eden Amirav.

Intuit has agreed to buy Credit Karma for $7.1 billion. The move is seen as a way for Intuit to get access to more consumer behavior data, generate new sources of income and potentially protect a key business.

There's been a lot of interest in using blockchain, the distributed ledger technology developed for bitcoin, to modernize payments and banking systems. But as with any technology, blockchain is only secure if its users can be trusted.