Payments

The move furthers the retail giant's strategy to become a one-stop shop for payments and financial services.

The bank and card brand will combine digital connections for supply chain finance and corporate disbursements.

Billers have long had the edge in handling users' bill payments. Fiserv says it can change that through faster transactions, but it faces fresh competition from fintechs.

Nearly 90% of central banks are considering or deploying digital currencies to speed transactions and reach underserved communities. But the larger the economy, the more difficult these projects are to implement.

Allied Payment Network is linking to the digital banking platform of Tyfone for community banks and small businesses.

The central bank said the proposed measure governing transactions on FedNow — a real-time service expected to be available in 2023 — would be similar to the framework for the current Fedwire Funds Service.

Michael Moeser, senior analyst at PaymentsSource, talks to Atif Siddiqi, Founder and CEO of Branch, about the future of providing faster access to earned wages.

Ahead of its U.S. launch, the London-based payments card aggregator has raised $14 million from 12,000 individual investors that it hopes to convert to customers.

The bank anticipates strong demand from businesses that want to settle invoices faster. It also wants to get ahead of competition from fintechs offering similar services.

It's in financial institutions' best interest to treat increasingly popular cryptocurrency assets the same as other financial assets held by their customers. And regulators must foster a safe environment for these assets by focusing on real risks like money laundering and terrorism finance.