Payment processing

Square is changing an earlier ban on cannabis payments and is conducting a pilot, raising the possibility that cannabis merchants may get greater access to banking and payment processing.

Online lenders now have close to 40% of the unsecured personal loan market, much of which is refinanced credit card debt. Banks' card portfolios are taking a hit.

Cloud-based treasury software provider Kyriba is partnering with JPMorgan Chase to launch a real-time payments API integration for its mutual corporate finance clients.

Targeting a 100% gpi ratio for Swift payments among banks will be crucial to enlarging the global reach of payments, writes Marc Recker, global head of institutional market management and cash management for Deutsche Bank.

New Yorkers won’t have to worry much longer about perfecting their subway swipe.

Some technology upgrade can leave databases open to the public internet, creating more risk for payment credential exposure and other risks, contends Ameya Talwalkar, co-founder and chief product officer of Cequence Security.

Payment processors and fintechs are rapidly consolidating in a series of M&A deals, and Canadian payments company Nuvei is making its bet via a $889 million deal to acquire SafeCharge.

Avidia Bank joins the network even as other community banks call on the Fed to create its own real-time payment service to compete.

A German fintech firm that counts PayPal Holdings Inc. among its investors wants to expand its internet platform for bank-savings products to the U.S.

Mastercard is making a niche play in the hot point of sale financing market, teaming with Dividio and lastminute.com to offer installment loans at checkout.

Seven European banks are testing Swift's Global Payments Innovation real-time cross-border payments through the continent's Target Instant Payment Settlement process.

Visa's tokenization began as a way to shield digital commerce and has developed into a major catalyst for Visa in landing partnerships.

Fears are growing that the rapid rise in fee-charging ATMs could have catastrophic consequences for the U.K.’s fragile SME market, with major supermarkets and card networks predicted to be the biggest beneficiaries.

The private sector will be able to provide more efficient and innovative technologies for the industry.

Improvements in digital receipts should be enough to spur greater adoption, argues Mike Golebiowski, president of IBT.

A year after trying to save faltering payday lender Wonga, Balderton Capital is investing in the other side of the model by leading a $19 million Series A funding round in Wagestream, a U.K. startup that provides flexible payroll technology to avoid payday loans.

Universal standards such as the nonprofit nexo can support card payment acceptance stakeholders through a portfolio of implementation specifications and messaging protocols that harness the power and interoperability potential of the ISO 20022 standard.

The Federal Reserve is considering revising Regulation D, which limits consumers to six transfers per month on savings and money market accounts through certain methods.

Advancements are bringing improvements to risk and user experience, but global reach remains a top priority, writes Marc Recker, global head of institutional market management and cash management for Deutsche Bank.

JPMorgan Chase is buying InstaMed, a cloud-based health care payments platform that’s seen significant growth in recent years from consumer medical payments.