Payments

Goldman Sachs said that its partnerships with Apple and General Motors are hard to exit in the short term. So the investment banking giant is concentrating on making the deals profitable, even as it acknowledges that they may not be a long-term fit.

The servicer said it entered into the consent order "without admitting any wrongdoing, to avoid the expense and distraction of litigation."

The web-hosting company is updating its point-of-sale hardware and partnering with the company behind the Paze digital wallet as part of an effort to serve its clients' needs beyond e-commerce.

California-based Star One is sharing its experience with smaller banks and credit unions, in an effort to get more to offer the government-backed real-time payment rail.

As false credit-card disputes spike, the networks have updated policies to provide merchants and issuers with more data to combat false chargebacks.

In search of new revenue streams, the card network has researched companies' working-capital and cash-flow headaches to see where it could play a bigger role.

Customers of community banks and credit unions using Fiserv's core banking platform will soon directly control third-party access to their account information among Plaid's network of 8,000 third-party applications and services.

Corporate One Federal Credit Union is working with CU*Answers to simplify other credit unions' integration with The Clearing House's RTP network.

The Financial Conduct Authority issued 146 alerts on crypto asset marketing, multiple payment companies in Canada are trying to spur adoption of open banking, and more.

The fintech Brex is among a growing market of companies using generative artificial intelligence to simplify how employee trips are managed.

PYUSD has been slow out of the gate, but crypto firm BitPay and gaming company Xsolla are providing an early look at how the asset can be used.

The promises made by supporters of the Credit Card Competition Act don't account for all of the ways in which it could actually increase the cost of doing business.

The addition of branded debit cards is bringing BNPL fintechs' products closer to traditional credit cards, both in terms of consumer perception and the fees the cards generate.

Federal Reserve Gov. Christopher Waller said during a payments conference at the Brookings Institution Friday that the FedNow payments system has already enlisted "well over 100" depository institutions for the service and expects that number to grow.

Speaking at the Brookings Institution Friday morning, Consumer Financial Protection Bureau director Rohit Chopra warned that, absent intervention, the U.S. payments system could evolve to resemble that of China, where commerce and payments are deeply intertwined.

The market for EV charging is fragmented and complex. EMVCo, the consortium behind the EMV chip-card protocols, has a plan to standardize this rapidly growing market.

Singapore's regulators grant payment licenses to Ripple and Coinbase, Stripe expands pay-by-bank in Africa, U.K. regulators pressure Revolut and more.

The fintech, a partner of OpenAI, is also a provider to several developers of emerging artificial intelligence.

The payments company launched a $100 million fund for generative AI, creating a potential group of partners that can build on the card network's global scale.