Payments

The bank has agreed to acquire Big Data Healthcare, a Texan fintech that automates commercial payments flowing to and from hospitals and medical groups. It's the latest example of banks' deepening health care investments.

The new offering will allow consumers to finance purchases of gear, parts, maintenance and fuel for ATVs, boats and motorcycles. The powersports sector has enjoyed strong growth since the early days of the pandemic.

PayPal said Chief Financial Officer Blake Jorgensen will step down following a leave of absence for health reasons, amid a shuffle of upper management at the online-payments platform.

This week's global news roundup includes Apple Pay securing a lingering holdout; a CBDC project that targets FX rates, and more.

Walmart sees great opportunities for its PhonePe unit, particularly in how it can boost Cashi, which the retail giant operates in Mexico.

After a three-decade climb up the corporate ladder, Reda took on her most daunting task yet: launching the card network's new consumer banking unit.

Associate partner Mary Ann Francis is a risk taker — the kind who jumps off a waterfall without a parachute. She brings this same boldness to her work at IBM, where her decades of banking experience help the tech giant find new opportunities for artificial intelligence and quantum computing.

This year's Most Influential Women in Payments honorees are uniquely positioned to make the most of disruptive factors such as the advancement of artificial intelligence, central bank digital currencies and real-time payments. 

Amazon.com is closing eight cashierless Amazon Go locations in Seattle, New York and San Francisco, marking the e-commerce giant's latest round of cost-cutting amid slowing sales growth.