Payments

The tech entrepreneur has been increasingly focused on Bitcoin, a key growth area for the payments company he co-founded.

Symphony Technology Group is in talks to acquire parts of Fidelity National Information Services' capital markets business in a deal that could be valued at about $2 billion, according to people familiar with the matter.

The fintech is working with Discover, Ally and Alliance Data to offer a wider range of products on top of interest-free installment loans.

The additions follow the launch of Pay Now and the Klarna Card in the U.K., Italy and other parts of Europe.

The e-commerce giant has threatened to ban Visa cards in the U.K., and its partnerships with the likes of Affirm and Venmo give it alternative ways to accept payments — and the means to make good on that ultimatum.

The Cleveland company has bought out XUP after taking an equity stake in it early this year, saying its technology showed promise in simplifying enrollment of small and middle-market companies in multiple commercial payments services.

American Express said it discontinued a service known as Premium Wire and terminated some employees after workers inappropriately positioned the product to customers. 

The online retailer’s plan to block certain credit card payments in Britain is seen as an opening move in likely negotiations with Mastercard and Visa ahead of the card networks' planned fee hikes in 2022.

Americans are looking for immediate ways to offset rising costs, rather than saving points for future travel. Cash rewards, which were already growing in popularity, are now even more coveted.

A financial literacy and aid program from a coalition of mayors will distribute 10 monthly payments of $350 to 125 youths via the Mastercard-branded Crescent City Card.