Payments

Crypto pain deepens, credit union merger is official and more in banking news this week.

Some Affirm customers reported duplicate charges this week to their bank accounts for Affirm's buy now/pay later loans. The San Francisco-based fintech on Friday said it's resolved the problem.

By extending access to easy payments and delivery to more merchants, the e-commerce giant can gain ground in the "super app" race.

Because they have mature revenue streams or can support embedded finance, payment companies may find themselves favored by investors at a time when other tech firms are tightening their belts.

Amex signed a deal to buy Nipendo, a Tel Aviv-based startup whose technology reduces business check usage by laying the groundwork to digitize payments between buyers and suppliers.

TCH wants to boost adoption of its real-time payments rail without undermining the Federal Reserve's option, which is set to launch this year.

Ant Group's Alipay teams up to expand mobile wallet acceptance, CaixaBank forms a cybersecurity consortium, Santander plans buy now/pay later for businesses, and more.

A Visa executive explains how China's long lockdown held back Asia's travel-spending recovery and why government policies, economic trends and even the hit Netflix series "Bridgerton" caused post-pandemic cross-border travel spending to spike in many parts of the world.

As one U.S. CBDC project comes to a close, it's increasingly clear that government-backed currencies can't succeed unless they are interoperable on a global scale.

By adding the Atlanta-based Paya, the Canadian payment technology firm can expand its client base in business-to-business transactions, government agencies, utilities and health care.