Payments

Typically called softPOS or Tap to Pay, the technology allows sellers to receive transactions without add-on hardware. It's becoming a popular payment option for small business and mobile sellers and other users.

The card network vows to make all of its new cards from recycled plastic by 2028, but even the most ardent digital-first card issuers have met obstacles in finding affordable alternatives to using virgin plastic.

Stripe said growth in payments volume slowed last year after a pandemic surge, even as it helped more large business clients handle payments over the internet. 

PhonePe backs away from a buy now/pay later acquisition, Germany fines EY for Wirecard scandal, and more.

The fintech founder was also Square's first chief technology officer and the chief product officer of blockchain-based payments company MobileCoin.

JPMorgan Chase, Wells Fargo and Mastercard will extend Hello Alice's do-it-yourself "business health" score to entrepreneurs looking to improve their creditworthiness.

Finaro, Northmill and NMI are joining with the card network to expand contactless payment acceptance via smartphones without add-on hardware.

Circle has proposed using central bank digital currencies as part of a backstop to mitigate the same sort of risk that caused its own coin to lose its peg to the U.S. dollar during the run on Silicon Valley Bank.

Responding to growing competition for merchants' loyalty, PayPal has enabled its small-business customers to accept Apple's mobile wallet, along with other features previously only available to large enterprises.

Pinwheel, which automates the setup of direct deposit at new accounts, endured a brief and unexpected surge in traffic during mid-March's bank runs.

The quest to make instant settlement ubiquitous in all countries requires scale and connectivity, creating opportunities for intermediaries that can handle the last mile.

Like bank and credit union branches, sit-down restaurants face rapid changes in consumer preferences, requiring a quick pivot to a growing range of digital service and checkout options.

By integrating its new installment product with its widely popular mobile wallet, Apple is more likely to capitalize on spending data than to focus on creating a large loan portfolio.

Klarna adds chatGPT, BNP Paribas outsources to the Nordics, Mastercard teams with a French fintech and more.

With FedNow set to launch in July, UMB is looking at ways to implement the instant settlement network with payroll and other transaction types.

This year's conference, hosted by American Banker, comes during a time of almost unprecedented change for the economy and the payments industry. The industry's top minds will gather in San Diego for discussions that will matter for years to come.

Apple began rolling out its first buy now/pay later service after a lengthy delay, entering a field currently dominated by Affirm, Klarna and others.

Despite the shift to digital payments, higher prices are bringing some people back to paper bills to manage their finances.

Pismo's platforms allow banks and financial technology companies to rapidly launch products for cards and payments, digital banking, digital wallets and marketplaces.

Early Warning Services' upcoming bank wallet will go live in June with certain merchants, supported by EWS's seven large-banks owners, representing 150 million Visa and Mastercard accounts.