Payments

Russian banks are reportedly courting the Chinese payment network to overcome the loss of Visa and Mastercard. The strategy would test China's willingness to provoke a response from the international community.

Ramp, a startup that offers corporate cards and other finance tools to businesses, raised $750 million in a funding round that valued the fintech at $8.1 billion.

The children's research hospital is tapping into the fast-growing market for digital currency donations and NFT sales to appeal to millennials, who are more likely to have crypto investments.

As Mastercard Installments nears launch, the card network is lining up tech partners to connect issuers to its buy now/pay later ecosystem.

PayPal does its part in Ukraine, recognition for U.S. Bank and more in banking news this week.

The California bank will let customers of a neobank called BayaniPay Wallet use its branches.

Nearly a quarter of respondents in a recent Credit Karma survey said that their total debt increased after using “buy now, pay later” services, which allow users to pay off purchases in installments over a few weeks.

In global news this week, 7-Eleven puts holograms at the point of sale; the U.K. shores up security for online payments while cracking down on Bitcoin ATMs; and more organizations find ways to send aid to Ukraine.

Bhattacharjee is charting a path for the transaction banking business to use fintech partnerships and cloud technology to court small businesses to the investment banking giant.

Consumer Financial Protection Bureau Director Rohit Chopra should exercise his power to extend the full protections of Regulation E and the Fair Credit Billing Act to the booming installment loan sector, the advocacy group U.S. PIRG says.