Payments

Vanguard Group will give some American Express credit card customers access to financial advice, a business the fund manager is working to build up.

"With ACH payments there's a latency in how they are processed; it can take two to five days. Things can happen," warns Silvana Hernandez, senior vice president of digital payments at Mastercard.

A community development financial institution in New York City says it's the first U.S. bank to launch a contactless payment ring. It's betting that novelty will be part of the draw.

People with a wealth of crypto holdings are loath to trigger a taxable event by cashing out. But they still represent a sizable market for the payments industry, according to the bank and fintech. "Demand for transacting in crypto is building, and we're preparing," said GreenBox CEO Fredi Nisan.

Each company has introduced its own program to give dealerships access to real-time digital transactions.

Circle Internet Financial has conducted a number of “state visits” to the U.K. in the last year, flying over its most senior executives to engage with government, regulators and industry bodies with a view to expanding its business in the region.

The banks that own the peer-to-peer payment network are reportedly considering a retail launch that could fend off rival payment methods — or simply cannibalize the sizable revenue issuers get from credit and debit cards.

The two San Francisco-based companies are seeking to provide a one-click cryptocurrency checkout system to simplify digital shopping.

To increase its share of global card spending through gig-economy fintechs and startups, Amex is extending its rewards through a partnership with digital issuing vendor i2c.

JPMorgan Chase is planning to use its recently acquired stake in the Greek payments firm Viva Wallet to support lending to small businesses across Europe, an ambition that would introduce a rare cohesion to the Continent’s fragmented banking markets.