Payments

As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.

Barclays led the sale, which consisted of three investment grade rated bonds and one rated junk.

A U.K. judicial body says the card networks have breached competition laws, while Belgian regulators are examining Wordline for potential anti-money-laundering violations.

Fresh off of a big IPO, the fintech is applying for a national trust charter. Approval would help it avoid the time and expense of working with banks for transaction processing at a time when the stablecion market is getting more crowded.

As banks consider their strategies, other big names are also considering a role for digital assets.

It's early, but financial institutions are getting ready to issue the digital asset.

Truist Financial is bulking up its commercial and corporate banking arm by hiring senior executives from rival firms and promoting from within; F.N.B. Corp launches a $46 million-dollar community development program focused on Main Street revitalization; buy now/pay later lender Affirm extends its partnership with Moore Capital through May 2027; and more in this week's banking news roundup.

Fiserv and Metallicus are enabling downmarket development of digital assets. Payment experts say it's vital to have a plan, but one that doesn't give into a fear of missing out.

Carvana and Plaid, with the help of Cross River Bank, have launched Request for Payment, which combines billing with The Clearing House's RTP Network. The option has been slow to gain traction, but the companies are betting large-ticket purchases, such as for an automobile, will be popular.

The government's instant processing rail hopes to enable new use cases, while Klarna adds to its network.