Payments

The bank and MoCaFi are offering digital disbursements and cards as a cheaper and more accessible alternative for underbanked consumers.

This week in global news, Mastercard teams with SimpliFi in the Middle East, Venezuela and Russia collaborate on payments, Alipay backs Asian Games and more. 

California regulators are suggesting that programs that allow workers fee-free access to their earnings between pay periods should be treated as loan products. That's wrong and short-sighted.

NomuPay has acquired parts of the disgraced processor that could help it overcome the barriers of entry to the lucrative market.

The Consumer Financial Protection Bureau plans to issue a larger participant rule that would allow the agency to examine consumer payment markets. The rule will allow the CFPB to examine and supervise Big Tech companies such as Apple, Alphabet's Google, PayPal and Square.

The Bank of England is a step closer to launching its own digital currency after a yearlong project concluded the technology could support a "diverse range" of new ways to use money.

Sergio Fogel is taking on a new role as co-president and chief strategy officer to help the fintech battle rivals across the globe.

Citizens Financial has teamed with Wisetack, which supports dozens of platforms connecting to thousands of home improvement, dental and veterinary service providers.

This week in global news: Stripe joins the MACH Alliance, GoCardless downsizes, CBA battles crypto crooks and more.

Relay Payments has signed a partnership with the operator of Pilot Flying J truck stops as it attempts to cut security risk by going digital.