Payments

Goldman Sachs Group is close to signing a deal to take on General Motors' credit card business, according to a person with knowledge of the matter.

JPMorgan Chase & Co. wants to help turn airline and hotel loyalty points into an asset akin to stocks or corn futures.

Payments technology provider Ingenico is launching a platform for vending operators to enable faster payments and management of their unattended machines.

Swift is working with more than 20 banks in its network to test a service designed to help consumers and small and medium-size companies send low-value cross-border payments with the same speed and transparency benefits larger banks enjoy on Swift rails.

Following compliance policies and respecting the requirements of the regulator is a good foundation for effective marketing communication, says Aximetria's Dmitry Ryzhkov.

The COVID-19 pandemic was a clear incentive for advancing contactless and digital payment technology — but the systems merchants put in place today could create new problems down the road.

Walmart is expanding the contactless payment options in its stores as part of a new design that aims to blur the online and in-store shopping experience.

Many companies seek ways to maintain their payments and collections functions centrally when expanding overseas, whether regionally or globally wherever possible, to avoid fragmented processes and technology, says Standard Chartered's Tarek Elyafi.

Various trade organizations sent letters to a House Financial Services Committee task force saying lawmakers should "actively discharge their oversight prerogatives" as the national bank regulator considers giving licenses to companies that do not accept deposits.