Payments

The blockchain company's new lead on the Continent, Sendi Young, discusses its plans to foster real-time and cross-border transactions between banks and fintechs in ways that aren't possible on legacy networks.

Bank of America is adding a commercial credit card for on-the-go businesspeople in a bet that work travel will eventually return.

Cheri McGuire, who previously held roles at Standard Chartered, Microsoft and Symantec, will oversee Swift’s core infrastructure as it speeds up its cross-border transactions.

The longtime global head of liquidity and cash management will step down in the fourth quarter, HSBC announced in an internal memo. She will be replaced by Manish Kohli, Citigroup's global head of payments and receivables.

Transaction volume soared at the peer-to-peer service in the second quarter. That rising popularity among consumers, coupled with Zelle's relationships with a growing number of transaction rails, could make the network a vital hub in the U.S. push for speedier payments.

Swift Go is designed for businesses and consumers to send cross-border transactions under $10,000 at more competitive rates.

Startups focused on crypto and digital assets will now be able to join Mastercard’s Start Path program, which gives fledgling companies access to the network’s executives and technology to help them grow, Mastercard said.

The bank has agreed to act as a payment agent for the card brand's Track BPS to sign up participating businesses in the U.K. and Europe.

For years mobile wallets have been a solution in search of a problem — until now.

Vodafone Group hinted it could spin off its African mobile money service M-Pesa after its popularity soared through the coronavirus pandemic.