Payments

Through this collaboration, Amex will offer loyalty options through new channels to boost payment volume.

Payrailz created its own bill payment technology and a peer-to-peer product for smaller banks wary of Zelle, but Jack Henry can scale it faster by absorbing the Connecticut-based fintech.

Financial institutions have a solid track record of keeping customers for the long haul, but technology firms, fintechs and challenger banks are gaining ground on the incumbents.

Mastercard is facing pushback from retailers over a new product that allows customers to pay off their purchases in installments. 

Founder Jason Gardner plans to drop CEO duties for a new role at the payment technology firm, which is expanding its focus to larger financial institutions as some existing clients slump.

FleetCor Technologies' CEO successfully pitched small businesses on "a better way to pay" for gas, making himself a billionaire in the process. But that success was built in part on falsely advertised rebates, concealed transactions fees and a host of other unfair practices, a federal judge ruled.

Jifiti is among the technology companies that want make it easier for retailers and banks to offer installment lending. The disruption caused by inflation and a hawkish Fed are combining to create an opportunity.

Coinbase Global said it's being probed by the Securities and Exchange Commission over its staking programs, which allow users to earn rewards for holding certain cryptocurrencies.

"Super apps," embedded commerce and buy now/pay later loans are hoovering up consumer data with little clarity over the consequences for users, according to a new Consumer Financial Protection Bureau report.

In global news this week, cash is on the rebound in the U.K., a Swiss nonprofit calls for digital business IDs, CIBC adds support for open banking, and more.