Payments

Firms like Visa, Mastercard, Barclays and JPMorgan Chase are expanding hubs and accelerators as technology experts look for new jobs and entrepreneurs look for new ideas.

The collaboration with Thunes enables millions of underbanked mobile wallet users and merchants to perform digital cross-border sales, providing another route to cut processing costs.

Russia's international ambitions for its homegrown alternative to Visa and Mastercard have been dashed as even some of its closest allies have dropped its Mir payment system following a threat by the U.S. to sanction anyone who helps or supports its use.

A partnership with Singapore authorities and a project with a network of banks aim to demonstrate the viability and interoperability of central bank digital currencies.

Visa's Qatar 'face payments' rollout, Regions' continuing-ed perk and more in banking news this week.

The London-based challenger bank will also launch a streamlined version of its app as it works to break into non-European markets.

Sometimes the right worker has the wrong skills. The card network's lab in Chicago is hiring people with general technology expertise, then training them for specific tasks.

Longtime Visa president Ryan McInerney will become CEO in February 2023 when Al Kelly steps down from the post he's held since 2016. Kelly will become executive chairman of the board following the transition.

TAB Bank's debit account, which rewards users with partial stock shares, is boosting the company's appeal among consumers who are younger, tech-savvy and underbanked.

The companies are improving the way older, "offline by nature" industries like steel and food services handle transactions and financing.