Technology

Worldpay is combining the Worldpay Bankout solution, which will now deliver to 154 direct bank disbursement destinations, and Worldpay FastAccess enabled by Visa Direct.

The Federal Reserve System is trying to be proactive in these and other high-profile areas, offering educational materials and coaching to bank execs and directors, according to supervision officials at the St. Louis and Richmond Fed banks.

The payment landscape is still very fragmented with local solutions holding their own against global giants and new technologies such as AI and blockchain keeping the payments market very enterprising, writes Eva Murphy Ryan, trade development executive for financial services and technology at Enterprise Ireland New York.

Brian Behlendorf, the executive director of Hyperledger, explains why Hyperledger and the Enterprise Ethereum Alliance have joined each other’s organizations. 

Natixis SA’s payments business is exploring a potential takeover of the 4 billion-euro ($4.6 billion) French fintech company Ingenico Group SA, following a string of deals in the sector.

The San Francisco challenger bank is adding 150,000 customers per month and plans to expand its financial product offerings.

Called Bill Pay Exchange, it will power instant bill pay for consumers from their bank or credit union accounts in a matter of seconds versus days when using the traditional bank bill pay ACH network.

Mike Cagney’s current venture, Figure Technologies, is offering consumers the ability to apply online for home equity loans and get funding in as little as five days.

A California man who says he unwittingly helped Russia conduct a disinformation campaign on social media before the 2016 U.S. presidential election has been sentenced to six months in prison and another six months of home confinement.

The Gap has selected Adyen as its processor for four European markets as part of a plan to replace a web of relationships with local networks and legacy payment systems with a single view of payments and customer data.