Payments

The lender is building on a 20-year-old partnership with Fiserv to provide options such as revolving credit, with plans to add buy now/pay later.

Banks working with Swift, The Clearing House and EBA Clearing have completed a successful pilot transaction from the U.S. to Europe and are ready to bring the system to other international corridors.

The payments firm dropped support for Bitcoin payments in 2018, but company executives say the increasing popularity of digital currency makes it a good time to reenter the market.

By partnering with the London-based fintech, Andrews Federal Credit Union will enable members to send transfers to 80 countries.

The bank-supported blockchain organization plans to use the acquired assets to speed testing for digital currencies.

Nonfungible tokens, which provide proof of ownership in the digital world, are booming. Payment companies are betting they will require payment rails to fund high-value purchases and attract new customers for loyalty marketing.

Bank of America is giving businesses new ways to transfer money to their customers with the rollout of a system called Recipient Select.

Many of the application programming interfaces that help banks and fintechs share data predate the law that established open banking on the Continent.

The feature, which was years in the making, allows Amex cardholders to link their accounts to PayPal without leaving the issuer's app.

Card issuers are lobbying Visa behind the scenes to reduce Apple's share of revenue from recurring transactions made on its devices. But the iPhone maker has a track record of warding off threats to its income.