Payments

In global news this week, HSBC offers real-time processing for investments, Ant adds buy now/pay later loans in Hong Kong, and Santander limits crypto in the U.K.

Small-business owners need all the savings they can get, but the proposed legislation will ultimately cost consumers and entrepreneurs.

The merchant service firm's stake in SoftPos.eu, which supports software-based smartphone payments, positions it to better serve the businesses that want to move away from traditional terminals.

U.S. credit card balances surged to a record in the third quarter as banks bet that consumers with less-than-stellar credit will be able to handle more debt. 

Atlanticus is testing a debit card that converts to a credit card within three months if customers demonstrate financial responsibility.

Gas, or the fee associated with crypto transactions, is spiking. Canvas and other tech firms are trying to ease this expense to promote the technology's use for payments and other financial services.

The Federal Reserve's latest rate hike will cost Americans with outstanding credit card debt more than $5 billion in additional interest over the next 12 months, according to an estimate from the personal-finance site WalletHub.

Mobile banking marches on, new blood for Visa fintech effort and more in banking news this week.

The payment company, which is downsizing, plans to expand into markets where merchants are increasingly migrating to digital commerce.

The payment platform will let institutional clients distribute digital payments more efficiently, using low-code software and artificial intelligence.