Technology

The Federal Reserve Banks put the brakes on their planned migration of the ISO 20022 messaging standard, delaying a three-phased migration established in 2017 that targeted November 2020 as the start of that process.

The startup, Drum, provides a marketplace for small businesses to offer promotions to influencers who can help them drum up business.

Jelena McWilliams knows the value of the FDIC’s role in a way most other Americans do not. Now she's in charge as it grapples with difficult questions and sets out to reshape the industry.

Fair Isaac Corp. has added a platform alongside its 25-year-old FICO Falcon fraud-detection solution for credit and debit cards that aims to ferret out risky and fraudulent real-time payments.

Two months after a successful test to connect banks using the Global Payments Innovation service to faster payments rails in Singapore, Swift is launching a new service to connect with other domestic real-time payments systems.

The industry is waiting to see if banks will get the same no-cost land leases on military bases that credit unions currently enjoy.

When the payments industry's decision makers gathered in Los Angeles at SourceMedia's annual PayThink conference, certain topics dominated the discussion.

The deal expands the number of compliance tools owned by credit union leagues and other industry groups.

Fintechs that simply offer cosmetic upgrades to the cumbersome American banking system won't survive.

Boosted by companies like Klarna, Affirm and Splitit, payment installment plans have become a popular alternative to credit card debt for consumers — and business transactions are the next target.