Payments

The global card network is working with cross-border fintechs like PingPong to help business customers use Visa to pay suppliers who don't accept credit cards.

The neobank partnered with Invest America to launch Compound Combine, in Jersey City, New Jersey, on Thursday evening with the support of the the Treasury Department, Council for Economic Education and New York Giants and New York Jets football players.

Retailers say the Office of the Comptroller of the Currency's move to preempt an Illinois law undermines states' powers to curb interchange fees charged in their jurisdictions and perpetuates a system that raises costs for businesses and consumers.

Silent attrition and low small-business adoption are among the challenges to banks' corporate card business.

Trade groups challenging an Illinois state law barring interchange fees on taxes and tips are urging a federal judge to rule by June 3 ahead of the law's July 1 effective date.

Block's CEO is more bullish on bitcoin, but stablecoins add another option for the payment company's users to build their spendable balances while furthering the company's super app ambitions.

Even after the passage of federal legislation governing stablecoins, the card network is covering its bases as it pursues more digital asset products.

The brokerage fintech launched agentic trading and an agentic credit card today that will allow AI agents to trade equities and make credit card purchases on customers' behalf. It comes just weeks after OpenAI rolled out its own personal finance tool.

JPMorgan Payments processes about $12 trillion in payments per day globally. It is also the largest credit card issuer and merchant acquirer in the country. But to stay on top, the banking behemoth has made it its business to work with, and think like, nimbler fintechs.

A proposal from the Federal Deposit Insurance Corp. would require the agency to notify Treasury's Financial Crimes Enforcement Network 30 days prior to major anti-money laundering actions against stablecoin issuers. The rule would also allow issuers to directly share normally confidential information with Fincen during the enforcement process.

An automated alert system auto-closed "a very high percentage" of suspicious-activity flags at the bank, the OCC said.

Berkshire Hathaway's banking-related investment strategy is murky, after the arrival of new leadership and the sale of its stakes in Visa and Mastercard.

Many banks are missing revenue and cost-cutting opportunities—and potentially disenfranchising customers by not offering relevant app details.

The Federal Reserve Board on Wednesday published a proposed limited master account framework, marking the next step toward creating another option for firms to access the Fed's payment systems.

Like most payment companies and banks, the stablecoin firm is lining up a suite of services for demand that hasn't quite materialized, but likely will – in some form.

New research suggests customers are willing to accept some friction in exchange for more robust fraud controls.

The card brand says advanced artificial intelligence is making it easier for crooks to trick consumers, but the technology also allows banks to fight back.

Comptroller of the Currency Jonathan Gould reiterated his pro-preemption stance Wednesday in response to a question on whether he would move to preempt other state laws — like one passed by the state legislature earlier this month in Colorado — if they come to fruition.

Plaid strikes a deal with OpenAI that would allow ChatGPT users to upload their bank-account data. Is that such a good idea?

The National Credit Union Administration Tuesday submitted a rule to the Office of Management and Budget stating that federal law preempts state laws on interchange, blocking an Illinois statute banning the collection of swipe fees on taxes and tips.