Payments

Bank of America is rolling out a host of travel sweeteners to ultra-high-net-worth customers. It’s partnered with the luxury-travel firm Indagare to offer the experiences to members with more than $10 million in their accounts.

Inter is listing on Nasdaq and plans to offer banking and payment products tailored for immigrants in the States.

Companies like Euronet are focused on the international use cases for real-time payments that often get overlooked by domestic transaction rails.

The U.K.’s Payment Systems Regulator will focus a pair of market reviews on the rising card fees charged by Visa and Mastercard. 

The rising use of peer-to-peer transfers continues to attract scammers due to the transactions' speed and finality. If the banking industry can't solve the problem, regulators or judges are likely to step in.

The Federal Reserve Bank of Kansas City's Esther George is refusing to provide the Republican senator answers about certain internal deliberations at the regional Fed bank over the revocation of the master account granted to Reserve Trust. The fight could set up a bigger showdown over how the central bank grants such accounts.

Mastercard can add new customers after the Reserve Bank of India removed restrictions on the firm, effective immediately, citing compliance with data-storage rules.

It took less than a day for Citigroup’s now-infamous payment error to Revlon lenders to come up in the cosmetics giant’s bankruptcy.

The Korean technology firm was one of the few success stories from the early days of mobile payments. But times change, and consumers are demanding more than just the ability to transact.

To keep customer relationships "sticky," Langley Federal Credit Union will roll out a bill pay feature this summer that tries to mimic the advantages customers get by going directly to the biller site.

Pay Monthly, which allows consumers up to two years to repay a single purchase, fills the void between short-term BNPL offerings and long-term bank loans — and strengthens the company's super app.

In global news this week, U.K. regulators examine branch closures, Apple complies with Dutch App Store rules, a pan-Nordic payments system prepares for launch, and more.

It's late in the game to get involved in cannabis payments, which is why Golden Ark is looking past physical dispensaries to stake its claim in the virtual world.

Pay Monthly loans will have payment plans of up to 24 months, enabling consumers to make larger purchases and repay over a longer period of time than the standard four months.

A partnership with Marqeta gives the remittance provider the online banking tools necessary to better compete in Europe, where digital money movement is in demand.

Drought, inflation and the lingering effects of the pandemic are making it harder for farms to make ends meet. Many are shifting to a direct-to-consumer model that relies heavily on digital payments and banking.

Fintech partnerships and new legislation could help make marijuana more viable and less risky for banks.

The bank's purchase of Digital Payments Torana has become a key element of a newly combined payments business run by Amit Dhingra, enterprise payments director. The fintech's capabilities allow the bank to better serve government agencies, health care providers and other business categories.

In a twist on its Goldman Sachs-issued credit card, the technology giant will directly underwrite and hold its buy now/pay later loans through its own subsidiary, cutting out intermediaries.

The bank is using its dominant share of the U.S. payment card market to provide granular insights that can improve small business' marketing decisions and business management.