Payment processing

Rep. Denver Riggleman, R-Va., explains why he’s introduced legislation requiring greater transparency over the Federal Reserve’s incoming payment system.

Governments use varying methods for tracking the flow of money in and out of the country in order to deter fraud and money laundering, writes Nvoicepay's Alyssa Callahan.

Tennessee-based Tractor Supply Co. originally sold farming tools by mail, but digital technology has put the expanding 81-year-old company at the forefront of loyalty marketing.

A shared cart that carries a consumer’s preferred form of payment throughout their purchase journey, regardless of which channel they begin and end with, can be a real differentiator for retailers.

There is no way to know exactly what the market will look like in 2023 or 2024 when FedNow debuts. First State Bank of St. Charles is working on a solution that can help its customers right away, says Luanne Cundiff, the Missouri bank's president and CEO.

A lot of the legal risk for banks and traditional payment companies would go away under the law, said Anita Boomstein, a partner at Manatt, Phelps & Phillips.

House Republicans are pushing the CFPB to continue to allow banks and credit unions to estimate exchange rates and fees for money transfers.

To really solve cash management struggles once and for all, it’s critical to start by targeting necessary process improvements, says Bottomline Technologies' Bill Wardwell.

Annual fees for Platinum cards for consumers and small businesses will increase to $250 from $195, while Reserve cards go up by $100 to $550. Gold cards will rise slightly from $95 to $99.

The use of data-rich messaging through the ISO 20022 standard has been at the core of nearly every Federal Reserve discussion about faster payments, as well as Swift's plans for its member banks.