Payments

TD Bank, the U.S. unit of the Canadian bank, has hired Christopher Fred as its new head of U.S. credit cards and unsecured lending. The bank's retail partners include Target and Nordstrom.

Tally Technologies, a startup that automates credit card payments, has tripled its valuation to $855 million in a funding round led by Sway Ventures.

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.

Visa has long been Chase's dominant credit card-issuing partner, but Mastercard is making noteworthy inroads, underscored by Chase's new Mastercard-branded DoorDash credit card.

Bipartisan legislation co-sponsored by Reps. Lance Gooden of Texas and Peter Welch of Vermont would require large banks to support at least one network other than Visa or Mastercard. Banking industry groups argue that it would help big retailers at the expense of consumers.

PayTile users can pay anyone near them, but they don't have to disclose their name, email address or phone number to the recipient.

Most Americans are more indebted than ever, underscoring a persistent and widening wealth divide in the U.S.

Buy now/pay later loans took off during the pandemic, but the market has gotten crowded. Now, lenders are seeking to set themselves apart with new audiences or business models.

The bank will use the deal to bolster the digital services that it sells to hospitality clients.

Klarna Bank, months after announcing major job cuts and taking a $39 billion hit to its valuation, is planning to restructure parts of its business further to suit a slower-growing, smaller operation, people familiar with the matter said. 

The fintech is working with MX Technologies and other firms to help clients reduce their reliance on traditional card networks without scrimping on fraud prevention.