Payments

Aeropay is partnering with other cannabis fintechs to build a full-featured compliant commerce offering while the federal SAFE Banking Act awaits passage.

Amid fears of a recession, industry observers will be on the lookout for signs of distress in credit cards and auto loans. One analyst said "the positive trends we've been seeing are starting to erode, and the pressure is going to start building."

The ride-sharing company is partnering with Mastercard Marqeta and Stride to offer expanded incentives, payments, cash management and benefits for contract workers through a "pro" debit card.

In global news this week, Societe Generale makes a fintech acquisition, Mastercard expands in Latin America, Argentina fuels crypto mining, and more.

Block's BNPL subsidiary will now offer users six- and 12-month interest-bearing loans for bigger-ticket purchases.

E-commerce transactions will fall under the same requirements that have long applied to in-person payments, according to a rule change the Federal Reserve Board finalized this week.

In the hopes of making cryptocurrency payments mainstream, PDX is testing a system that converts digital coins into traditional funds quickly, while YellowHeart is doing away with conversion altogether.

Four of the seven large banks that own Zelle's parent company, Early Warning Services, said they are reimbursing 15% to 55% of consumers that report fraud on their accounts, according to a report released by Sen. Elizabeth Warren, D-Mass.

TD Bank, the U.S. unit of the Canadian bank, has hired Christopher Fred as its new head of U.S. credit cards and unsecured lending. The bank's retail partners include Target and Nordstrom.

Tally Technologies, a startup that automates credit card payments, has tripled its valuation to $855 million in a funding round led by Sway Ventures.