Payments

On Dec. 31, 2021. Dollars in thousands.

The standards body's new guidance would prevent vendors from managing multiple protocols in different countries.

The bank is working with invoicing vendor IFG to simplify the process of paying multiple suppliers.

Citing inflation’s effect on rising payment card pricing, the senator convened a Judiciary Committee hearing to reassess rules that resulted in caps on debit transaction fees 11 years ago.

Shortly after the reveal of Stripe Financial Connections, the CEO of its longtime partner Plaid took to Twitter to accuse the company of exploiting their relationship to build the new service. At stake is the growing market for digital transactions.

Financial losses stemming from sanctions and the threat of cyberattacks are just some of the major concerns from across the industry.

Environmental impact calculators, fee reductions and carbon offsets are becoming part of the playbook for BNY Mellon, Visa, Mastercard, Klarna and others.

The card network is making new security tools part of its expansion into non-payment services, hoping it can combat fraud that comes from its own account holders.

A new product called Financial Connections links businesses directly to customers' banks, giving the payment technology vendor a feature that makes it a direct competitor to data-fueled fintechs.