Payments

The Consumer Financial Protection Bureau stopped short of creating new rules for BNPL fintechs, but pressure is mounting for some fintech lenders to alter their business practices.

Fiserv's point of sale system was operating normally on Friday, but some clients that use custom configurations were experiencing problems.

The bank has issued credit to Slope, a firm offering a form of B2B installment loan. The product is becoming more popular as small companies face mounting financial challenges.

Hello Alice's small-business self-help platform amassed 1 million users by offering grants, recommendations and skills-building courses. With a pair of new credit cards, the startup aims to reward users for expanding their knowledge.

Targeting entrepreneurs affected by racial and wealth gaps, the card network is bringing its Strive program to needy parts of Alabama, Georgia, Louisiana, Missouri and New York.

The bank is looking to detect fraud in real time, a capability that it sees as a differentiator for merchants that want to offer installment lending.

As more tech-savvy shoppers come back to stores, the digitally focused payments company hopes to accompany those consumers by expanding its capabilities at the point of sale.

This week in global news, King Charles III to replace the late queen on coins, Revolut gets clearance on crypto from U.K. regulators, Mastercard expands digital payments in Dubai, and more.

The payment firm, which experienced a large but fleeting demand from at-home workers during the pandemic, is moving ahead with products designed for the needs of a transforming economy.