Payments

The boutique fitness industry is seeing strong growth, powered by a mix of payment tech and software that enables studio owners to accept onsite and remote transactions via mobile apps, QR codes and online.

Betting the road to mass adoption of faster payments won't be smooth, the data technology company's new head of payments is rolling out products to fill potholes between slower and faster payments systems.

The card brand is partnering with PayPal, Venmo and other firms in an attempt to erase the friction that accompanies transfers between different apps.

Bank of England seeks CBDC experts, BNP Paribas' bonus pool gets larger and more

Marqeta's new CEO faces steep challenges in dismantling the fintech's heavy dependence on Square and finding alternative sources of revenue as consumer spending slows.

The Twittersphere erupted last week with incorrect conflations of the Federal Reserve's imminent faster payments network and exceedingly nascent interest in a central bank digital currency. Those misunderstandings could pose a real risk to FedNow implementation.

Klarna, Fiserv, Worldline and other tech firms are using artificial intelligence-powered systems such as ChatGPT to modernize their offerings.

Typically called softPOS or Tap to Pay, the technology allows sellers to receive transactions without add-on hardware. It's becoming a popular payment option for small business and mobile sellers and other users.

The card network vows to make all of its new cards from recycled plastic by 2028, but even the most ardent digital-first card issuers have met obstacles in finding affordable alternatives to using virgin plastic.

Stripe said growth in payments volume slowed last year after a pandemic surge, even as it helped more large business clients handle payments over the internet.