Payments

By enabling instant settlement for bank payments at checkout, the retailer is adding speed to an option that reduces card transaction fees. But getting consumer buy-in may be a challenge.

After Republican presidential nominee Donald Trump said he intends to place a temporary cap on credit card interest rates, many felt the plan would create a large constriction of credit.

Merchants and card networks have battled over interchange rates for years. How will the next president change the fight?

Apple's credit card business is up for grabs, presenting a chance to cross-sell financial products. But that opportunity comes at a cost.

Regulators in two countries are strengthening rules requiring banks and merchants to accept paper, while a majority of Canadian payments are now tap to pay.

The BNPL industry is growing at a fast clip. Australia-based Zip's new CEO for U.S. operations is looking to carve out a place in what is becoming a crowded industry with expanded merchant partnerships and a Pay-in-8 product.

As member demand for installment payments increases, resource-strapped institutions are looking for outside help. Fintechs offer the service.

The bank's acquisition of embedded finance firm Rize Money and collaboration with open banking firm Trustly will enable the bank to grow real-time processing, account-to-account transfers and address emerging compliance challenges.

As the toll of financial crime rises, the card network is attempting to boost its fraud-fighting game by buying threat intelligence firm Recorded Future.

The card network is building a model for account-to-account payments, which are gaining popularity, while Swedish regulators criticize Klarna's money-laundering prevention efforts. That and more in American Banker's global payments roundup.