Payments

Data-aggregator Kasheesh enables consumers to fund purchases and build credit scores using a combination of credit, debit and gift cards, based on recommendations powered by artificial intelligence.

The government's routine disbursement of funds to millions of workers, contractors, and retirees could become uncertain if it's forced to default.

Ripple buying a Swiss crypto-custody firm, Binance leaving Canada, and more.

The bank is working with The Clearing House and real estate tech company EMTransfer and is hoping to cut paper and time from the process of selling property.

The U.S. Postal Service wants to help banks fight a rise in check scams by adding electronic locks and other security at mail collection sites, but the problem has many causes.

As fintechs struggle, the bank is introducing a line of credit and plans new installment lending products shortly after launching its buy now/pay later product on Amazon Pay.

Balances reached nearly $1 trillion at the end of the first quarter, up 17% from a year earlier. The increase reflects higher spending by well-off consumers on travel and entertainment, as well as the pressure that lower-income households are facing from inflation and higher interest rates.

The several high-profile failures in the digital-asset sector haven't deterred the financial institution from forging ahead with a plan to expand support for payments.

In their rush to control pandemic-related payment crime, many organizations deemphasized protections against older schemes that are now resurgent.

Delinquency rates in credit cards, auto and personal loans are effectively back to normal after three years of unusually strong credit performance. Industry executives say the current situation is easily manageable, but they do anticipate that key metrics will continue to worsen.

The financial institution has released a series of new products in response to a slew of competitors pursuing corporate treasury management clients.

Card balances fell by 1.5% in the first quarter from the previous three months, according to data released by TransUnion. Balances remain near a record high and are up 19% from a year earlier.

The buy now/pay later fintech said during its earnings report that it's rolling out new products, while also creating a way for borrowers' credit scores to reflect their repayments.

Interac launches ID verification, the U.K. cracks down on bitcoin ATMs, and more.

The retail behemoth alleged in a lawsuit last month that Capital One fell short on customer service. But the McLean, Virginia-based bank says ending the partnership would open a path for a rival offering from a Walmart-backed fintech venture.

Workplace culture is changing as rapidly as transaction technology. Some of the industry's leaders discussed the new culture at American Banker's Payments Forum.

Dan Schulman plans to accelerate moves into advanced machine learning, checkout and merchant services to add speed and efficiency to product development.

Capitalizing on consumer demands for simplicity and flexibility, TD Bank is rolling out an interest-free credit card with a flat monthly fee.

Along with money, fraud could also move quicker, putting pressure on financial institutions and clients. Here's what two execs had to say at American Banker's recent Payments Forum conference.

As foot traffic in stores slows, the prepaid card issuer is upgrading its technology to serve more customers via embedded finance and payroll partnerships.