Payments

Payments orchestration — or sending transactions to the best option based on cost, speed and other factors — is gaining fresh attention ahead of FedNow's anticipated July launch.

The chief strategy officer of Circle argues that the future of the industry hinges on what market participants — and Congress — choose to do right now.

Early Warning Services' peer-to-peer transfer service drove $180 billion in funds transfers during the first quarter of 2023, up 31% over the same period last year.

"The bar is being set by consumer interactions," says Alisa Ellis, who is helping lead modernization efforts at the financial institution.

The boutique fitness industry is seeing strong growth, powered by a mix of payment tech and software that enables studio owners to accept onsite and remote transactions via mobile apps, QR codes and online.

Betting the road to mass adoption of faster payments won't be smooth, the data technology company's new head of payments is rolling out products to fill potholes between slower and faster payments systems.

The card brand is partnering with PayPal, Venmo and other firms in an attempt to erase the friction that accompanies transfers between different apps.

Bank of England seeks CBDC experts, BNP Paribas' bonus pool gets larger and more

Marqeta's new CEO faces steep challenges in dismantling the fintech's heavy dependence on Square and finding alternative sources of revenue as consumer spending slows.

The Twittersphere erupted last week with incorrect conflations of the Federal Reserve's imminent faster payments network and exceedingly nascent interest in a central bank digital currency. Those misunderstandings could pose a real risk to FedNow implementation.