Digital payments
Digital payments
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New York AG Letitia James is suing the earned wage access companies for charging illegal, high-interest loans that would have wide-ranging implications for EWA providers. DailyPay last week filed a countersuit against James's office.
April 15 -
Affirm is reporting consumers' buy now/pay later loans to Experian, following a February study with FICO. It's one of the first steps in credit reporting for BNPL, potentially complicating banks' assessments for other types of lending.
April 15 -
At the Los Angeles Clippers' Intuit Dome, technology developers hope to forge transaction habits that can be replicated elsewhere.
April 14 -
The administration's unpredictable policy has already caused shifts in foreign exchange rates and supply chain payments. Uncertainty about future levies will cause added pressure despite the 90-day pause.
April 11 -
The Bank of Lithuania contends the U.S. fintech broke anti-money-laundering rules; while British contactless payments hit a record. That and more in the American Banker global payments roundup.
April 9 -
As more states adopt digital identity, there is an opportunity for banks to improve authentication.
April 8 -
Last month, the OCC opened the door to national banks interested in engaging with digital assets. That's a good thing, but there is a real need for clear legislative and regulatory guidance so they can move forward safely.
April 8 -
The Swedish institution's New York listing, which was viewed as a sign of fintech's recovery, has been delayed due to market volatility.
April 4 -
Banks in the U.S. and India will offer cross-border transactions using the technology that underpins cryptocurrency. Our global payments roundup also includes updates from PayPal, Lloyds and a very remote ATM deployment.
April 4 -
Central bank digital currencies have the potential to improve financial inclusion for women, but only if they are combined with a system that lowers multiple other barriers to their financial empowerment.
April 4 -
The bank technology is launching its signature payment platform in a country where rivals like Square and PayPal are also actively chasing business payments.
April 3 -
Visa and American Express are both reportedly trying to lure Apple's lucrative credit businesses away from Mastercard. But the battle over processing rights is just as much about accessing the technology company's digital wallet as it is about boosting transactions.
April 2 -
Even though it's coming during a volatile period for the markets and economy, the cryptocurrency company's planned listing puts pressure on rivals and regulators.
April 2 -
The buy now/pay later company made a deal with Stride Bank to add banking-as-a-service heft as Affirm Card usage soars and Evolve grapples with defections.
April 1 -
The Consumer Financial Protection Bureau said in a court filing that it plans to reverse its interpretive rule tightening standards for Pay in 4 buy now/pay later loans.
March 28 -
Jack Dorsey's payments company cut 931 jobs. Also: Western Union looks to artificial intelligence; Marqeta adds an e-marketplace; Westpac takes on scams; and more news in the global payments and fintech roundup.
March 26 -
The law would have expanded the state's 12% interest rate cap in a manner that would have effectively banned fintech lending in the state.
March 25 -
The bank has added Affirm as an option, after adding the fintech's rival Klarna to its merchant network in February.
March 25 -
The direct-to-consumer earned wage access provider is allowing consumers access to their paycheck two days before payday. It's hoping it will draw in more customers.
March 21 -
Bank technology firm Fiserv agreed to buy the Netherlands-based company, which sells multichannel processing systems. Also: the FCA looks to lighten contactless checkout limits; Ripple's Garlinghouse said the SEC has dropped a suit against his firm; and more news in the global payments and fintech roundup.
March 19






















