Payments

Ravi Menon says that Facebook's bid to create its own digital currency has laid bare shortcomings in cross-border payments and financial inclusion that banks and regulators must address.

The online platform lender Kabbage is making the move beyond just providing working capital loans to small businesses, putting it in direct competition with alternative acquirers and payment companies.

Visa is retooling its small-business credit cards by expanding credit card lines, adding travel insurance and product-warranty extensions and making it easier for business owners to integrate card accounts with accounting software.

The bank-supported Zelle person-to-person payment network is starting to hit numbers its developers envisioned when entering the market more than two years ago.

Congress should get behind the Fed's effort to launch a real-time payments service instead of getting in its way.

As e-commerce becomes international, American merchants should embrace alternative payment methods in other countries, says PPRO U.S.'s Steve Villegas.

Mastercard plans to acquire loyalty and marketing company SessionM to help its merchant clients build their brands and grow their businesses.

In seeking to eliminate manual back-office payment processes for long-term health care and social service providers, AvidXchange says it is launching new software to steer providers to digital accounting and B2B e-payments — and eliminate paper checks.

Mastercard is testing two new bill payment services, with an eye on improving speed for consumers and businesses.