Payments

In global news this week, U.K. banks face more pressure on branch closures, Deutsche Bank launches a small-business banking unit with Fiserv, Bank of America adds to international payments, and more.

As more Americans live paycheck to paycheck, options for flexible salaries are proliferating, with several companies introducing new ways to for clients to offer payroll.

The SEC sued Ripple in 2020, alleging that the crypto payments company and its top executives misled XRP investors because it failed to register the digital asset as a security and did not provide adequate disclosure.

The payment company spent years integrating and updating products from iZettle, a European fintech it bought in 2019. The product's U.S. launch was drowned out by former PayPal bosses David Marcus and Elon Musk roasting the firm over its planned disinformation policy.

Through acquisitions and partnerships, Amex has added working capital finance, business bank accounts, invoice management and payment options beyond cards.

The payment company has added artificial intelligence-driven features that guide businesses' engagement with consumers.

BNPL needs and deserves a consumer-focused approach to regulation that takes account of its significant difference from other consumer credit offerings.

Aeropay is partnering with other cannabis fintechs to build a full-featured compliant commerce offering while the federal SAFE Banking Act awaits passage.

The ride-sharing company is partnering with Mastercard Marqeta and Stride to offer expanded incentives, payments, cash management and benefits for contract workers through a "pro" debit card.

In global news this week, Societe Generale makes a fintech acquisition, Mastercard expands in Latin America, Argentina fuels crypto mining, and more.