Payments

The 10 largest credit unions in the nation all saw surges in credit card charge-offs in the third quarter, as a growing number of consumers struggle to make ends meet.

Cybercrime-as-a-service tools are using generative artificial intelligence in new ways to crack payment card security, according to a report from Arkose Labs.

Canada's government is preparing legislation to promote open banking development, Mastercard has gained approval to process payments in China, and more.

The instant-payments environment is encouraging more consumers to participate in rewards through checking accounts, earning them a cash-back bonus or a discount that gets funded faster than interchange-based rewards.

Brazilian Orli Machado plans to hire about 230 people in the U.S. to expand his firm, which provides software to banks and credit unions offering the Federal Reserve's new instant-payment system.

The blockchain company is targeting non-financial clients and new geographic regions in a series of product rollouts.

San Francisco-based Cushion's technology shows buy now/pay later borrowers their upcoming bill payments and helps them build a credit history by reporting certain loan payments to Experian.

Diebold Nixdorf is using artificial intelligence to spot trouble proactively — a move that has already increased ATM uptime by up to 3.5%.

The chief executives of U.S. Bancorp, PNC and Comerica say that fraud, regulatory uncertainty, technological challenges and other concerns are making them approach the adoption of real-time payments with caution.

Ant Group's quarterly profit fell by 65%, dented by a one-time fine that signaled the end of China's yearslong crackdown on the tech industry.