Payments

E-commerce transactions will fall under the same requirements that have long applied to in-person payments, according to a rule change the Federal Reserve Board finalized this week.

In the hopes of making cryptocurrency payments mainstream, PDX is testing a system that converts digital coins into traditional funds quickly, while YellowHeart is doing away with conversion altogether.

Four of the seven large banks that own Zelle's parent company, Early Warning Services, said they are reimbursing 15% to 55% of consumers that report fraud on their accounts, according to a report released by Sen. Elizabeth Warren, D-Mass.

Tally Technologies, a startup that automates credit card payments, has tripled its valuation to $855 million in a funding round led by Sway Ventures.

The Consumer Financial Protection Bureau stopped short of creating new rules for BNPL fintechs, but pressure is mounting for some fintech lenders to alter their business practices.

Fiserv's point of sale system was operating normally on Friday, but some clients that use custom configurations were experiencing problems.

The bank has issued credit to Slope, a firm offering a form of B2B installment loan. The product is becoming more popular as small companies face mounting financial challenges.

Hello Alice's small-business self-help platform amassed 1 million users by offering grants, recommendations and skills-building courses. With a pair of new credit cards, the startup aims to reward users for expanding their knowledge.

Targeting entrepreneurs affected by racial and wealth gaps, the card network is bringing its Strive program to needy parts of Alabama, Georgia, Louisiana, Missouri and New York.

The bank is looking to detect fraud in real time, a capability that it sees as a differentiator for merchants that want to offer installment lending.