Payments

The card network's corner of Decentraland will host LGBTQ thought leaders and artists, and provide a way for visitors to connect with one another.

In global news this week, ANZ Bank New Zealand adds a Gender Affirmation Leave policy, Mastercard works with Mercado Libre to secure crypto in Brazil, American Express Ventures back a Nigerian e-commerce startup, and more.

Some of the riskiest loans given to millennials and Gen Z shoppers for clothes and electronics — and neatly repackaged for investors — are dropping in value.

The bank is using a recent fintech acquisition to embed its services in merchant categories like health care and philanthropy, which have typically lagged in the move to digital commerce.

Multiple class actions claim that banks and credit unions are not doing enough to prevent scammers from exploiting the near-instant peer-to-peer payment network.

U.S. consumer borrowing surged again in April, following a record jump a month earlier, fueled by rising prices and the continued strength of American consumers. 

The credit card issuer Synchrony Financial recently used FICO’s top competitor in a $1 billion deal. The choice is significant for VantageScore, but FICO remains the dominant credit score in the securitization market, according to analysts.

PayPal Holdings will let users transfer certain cryptocurrencies to other customers, exchanges and external wallets, a new service that’s part of the company’s effort to boost use of its app.

An early bank entrant to the BNPL space, Citizens Financial Group argues that other lenders are taking on too much risk by expanding into everyday spending categories.

The California tech giant's take on pay-in-four installment loans has a top-of-wallet positioning that banks and merchants are unlikely to be able to match.

The boost in the transfer ceiling — to $1 million from $100,000 — is opening new use cases for firms such as Dwolla that connect to the transaction rail.

The Columbus, Ohio-based bank will incorporate corporate and customer-facing digital tools it obtained by acquiring fintech Digital Payments Torana in May.

Bruised by recent public relations gaffes, the buy now/pay later pioneer is forging ahead with a plan to complement its installment loans with a physical Visa card.

Consumers share loads of personal information online that scammers can use to break into their bank accounts. But Royal Bank of Canada is betting that users will still keep their PIN codes secure.

Kristy Carstensen, U.S. Bank Payment Services' chief financial officer, discusses how digital innovation projects are opening finance to more communities, and the work that remains.

The chief executive of Klarna Bank has polarized opinion on social media after posting a contact list of former employees recently dismissed by the Swedish company as part of a drive to curb costs.

Scammers are using age-old tactics like phishing to take advantage of the uncertainty — and panic — stemming from the recent price swings of several prominent digital currencies.

This week in global news, U.K. banks suffer an online and mobile outage, Wordline enters the metaverse, a new cross-border payment option comes to Ukraine, and more.

Tandym, headed by a former Capital One executive, is rolling out a digital private-label credit card program that ties into sellers' loyalty programs. It has $60 million in backing from investors including Google’s AI-focused venture fund Gradient.

Cathy Beardsley, the CEO of Segpay, and Christiaan Brand, a security expert from Google, discuss how to overcome the hurdles that are still in the way of cryptocurrencies being widely used for payments.