Payments

Addressing concerns ranging from financial inclusion to the impact of China's digital yuan, central banks are running tests to determine how central bank digital currency transactions will work both domestically and internationally.

The industry is taking lessons from instant point-of-sale lenders to help homeowners embarking on major projects.

The fintech is working with third-party marketplaces and similar partners to deliver its newest services, rather than try and sell directly to end users.

A new law in New York nearly doubles the required shelf life of gift cards to nine years, as more states move to wipe out expiration dates contributing to $21 billion in unused U.S. gift card balances.

In global news this week, Payments Canada asks to expand its membership, JCB extends acquiring and processing into Thailand, Brazil adopts a new bitcoin law, and more.

The pandemic-era's surge of short-term, interest-free online loans from buy now/pay later fintechs ignited wide-ranging competition from newcomers and legacy providers alike.

The Internal Revenue Service is postponing for a year its requirement for e-commerce platforms, including Venmo, PayPal, Cash App and Etsy, to send tax forms to customers who have transactions of more than $600.

The Federal Trade Commission, in a consent agreement, instructed Mastercard to allow other debit networks to decipher 'tokenized' card account data used for online payments.

Fintechs shed thousands of jobs during 2022. But firms with strong balance sheets plan to pick up talent to drive innovation in the new year.

Early Warning Services' bank-owned peer-to-peer payment service reached eye-popping growth milestones in 2022. But scams targeting Zelle users also soared, drawing lawmaker scrutiny and forcing Zelle to consider reimbursing victims.