Payments

Ally Financial's recently announced $2.65 billion cash-and-stock deal for CardWorks, which offers unsecured credit cards among other products, places a high price tag on a traditionally risky product.

The U.K.’s departure from the European Union is still causing lots of headaches for financial technology companies, but there’s now enough clarity to work with. And that often means operating from a new address.

Achieving the myriad business cash flow benefits from RTP is easier said than done, as global standards can conflict with local laws, rules, regulations and organizational culture, says Santander's Chris Bozek.

For many international enterprises, cross-border e-commerce processing is table stakes. And the more complex the payment, the more important it is to handle it quickly.

The deal to create the nation's second-largest wireless network may lead to a revamp of a discount that reportedly drives 250,000 new Sprint customers annually.

Trish Burgess, who helped lead Apple Card and Apple Pay, will lead P2P payments at Banco Santander, which is spending $22 billion on digital projects over the next four years.

It can be hard to spot insider fraud, duplicate invoices and service glitches by hand, says AppZen's Anant Kale.

The connection of an advanced loyalty program can woo consumers, even in a case where the merchant's products may cost more, says Clarus Commerce's Tom Caparaso.

Ken Montgomery, who is heading up the Federal Reserve's faster payments network, says the agency is taking an incremental approach to launching the service.

To address immediate market demand but allow time for the project to be done right, the official leading implementation of FedNow says the central bank envisions an initial release in 2023 or 2024 followed by subsequent updates.