Payments

A national interest rate cap of 36% would protect consumers from predatory practices that exploit their desperation and would level the playing field with responsible lenders who offer fair and transparent products.

Canada's government is preparing legislation to promote open banking development, Mastercard has gained approval to process payments in China, and more.

The instant-payments environment is encouraging more consumers to participate in rewards through checking accounts, earning them a cash-back bonus or a discount that gets funded faster than interchange-based rewards.

Brazilian Orli Machado plans to hire about 230 people in the U.S. to expand his firm, which provides software to banks and credit unions offering the Federal Reserve's new instant-payment system.

The blockchain company is targeting non-financial clients and new geographic regions in a series of product rollouts.

San Francisco-based Cushion's technology shows buy now/pay later borrowers their upcoming bill payments and helps them build a credit history by reporting certain loan payments to Experian.

Diebold Nixdorf is using artificial intelligence to spot trouble proactively — a move that has already increased ATM uptime by up to 3.5%.

The chief executives of U.S. Bancorp, PNC and Comerica say that fraud, regulatory uncertainty, technological challenges and other concerns are making them approach the adoption of real-time payments with caution.

Ant Group's quarterly profit fell by 65%, dented by a one-time fine that signaled the end of China's yearslong crackdown on the tech industry.

Fraudsters are likely to increase their use of generative artificial intelligence to attack banks and other payment companies. Investors are using their own influence to fight back.

A Lloyds Bank study finds that the number of crytpo scams rose by 23% year-over-year in October. Separately, the Commonwealth Bank of Australia is using artificial intelligence to detect abusive language in transaction messaging.

With employees regularly fleeing to bomb shelters — and some being called away to military service — these technologists must still serve a global clientele while confronting fear and destruction at home.

As more corporations call employees back to the office, payments technology firms like Wise are balancing the need for in-person collaboration with meeting workers' flexibility needs.

Klarna Bank's former chief operating officer was forced to leave his post at the helm of one Sweden's biggest online savings platforms having held the post for less than a week.

The bank is adding fintech-style buy now/pay later lending to other recent payment upgrades at its merchant acquiring unit.

The technology, which has its roots in cryptocurrency, could make corporate transactions more flexible.

Building on technology it acquired with cloud-banking fintech Finxact, Fiserv aims to play matchmaker between its bank partners and merchants.

Singapore's third-largest lender is again banking on a blockbuster concert partnership to boost fee income, fresh on the heels of its success with Taylor Swift concert tickets.

Roy and Bertrand Sosa have retaken control of Netspend to combine it with their other firm, Rev Worldwide, to build the companies into an international financial services provider.

HSBC plans to offer institutional clients a custody service for digital assets such as tokenized securities, the bank's latest move in the new area of finance.