Payments

The Federal Reserve said its regional banks should consider whether nontraditional financial companies meet the requirements of certain federal statutes and present “undue” risk to the financial system before granting access.

First-quarter transaction volume rose 61% from a year earlier as merchants began using the bank-backed network to accept and make more payments.

First-quarter transaction volume rose 61% from a year earlier as merchants began using the bank-backed network to accept and make more payments.

The company hopes to someday return to 2019 levels of in-person money transfer activity, and its recent pact with Walmart is a big part of that strategy.

As businesses accept automation, more innovation is flowing into the market, says Billtrust's Flint Lane.

The Alviere finance platform has entered a partnership with B2B fintech Currencycloud to offer its clients a multicurrency e-wallet for cross-border business payments.

The Los Angeles bank's service, offered in partnership with the fintech Extend, enables card controls and uses tokenized account numbers to improve security.

Shopkeepers and other establishments say banks' costs have fallen substantially in recent years but interchange prices have held steady since the Federal Reserve capped them in 2010.

Shop owners and other establishments say banks' costs have fallen substantially in recent years but interchange prices have held steady since the Federal Reserve capped them in 2010.

Fiserv is joining the increasingly crowded market for earned wage access in partnership with Instant Financial.