Payments

Small business' concerns over cash flow and billing cycles are pushing bank competitors like Resolve and Ramp to offer short-term products that bear a resemblance to installment lending.

Three New York City pensions filed shareholder proposals with Mastercard and American Express urging the credit card companies to improve tracking of gun sales.

The hotel franchise can now integrate directly with U.S. employers for invoicing and payment, allowing it to bundle multiple stays and reduce overall costs of managing card acceptance.

A group of 18 U.S. representatives is demanding Credova Financial answer questions about its no-interest financing options for the purchase of guns and ammunition.

Companies like VizyPay, Stax and Carbon Zero Financial seek fresh ideas from people who built their careers in retail, food service and other verticals.

Federal Reserve Vice Chair Lael Brainard said Monday that the central bank's real-time payments network will go live between May and July of 2023 and financial institutions should prepare themselves right away.

Drake Bank in Minnesota is working with the fintech B Generous to test whether installment loans can help bring in larger donations to nonprofits.

More than 30,000 of the bank's customers have already updated their credit cards to show their chosen name instead of their legal name, and the bank expects a similar response from debit card users.

The technology firm is pitching itself as a partner for the development of central bank digital currencies, hoping to gain its clients a role in newer payment systems.

The late-payment rate for the company's buy now/pay later loans rose above 2% for the first time this year in July and August, and CEO Max Levchin says a downturn is "more than likely."