Payments

10 things to know in May: The Credit Union Women’s Leadership Alliance is set to launch its coaching program, U.S. Senate confirms first Black appointee to Federal Reserve, and more.

One of the largest money-transfer services in the U.S. is attempting to broaden the adoption of digital currencies.

EMV and contactless payment technologies evolved at different paces around the world. Brian Byrne of the standards body EMVCo explains how the organization plans to cut through the clutter with its latest release.

The payment company has created a data pipeline to upgrade connections to storage clouds. It's a bid to make Stripe more appealing as competition from other fintechs heats up.

The nation’s six largest credit card companies are facing questions from the Consumer Financial Protection Bureau over their alleged failure to report customer payment data on a regular basis. The agency says that the industry’s practices can hurt consumers’ ability to qualify for cheaper loans.

PayPal Holdings began laying off staffers who worked in risk management and operations this week as the firm seeks to shore up profits after growth in spending on its platform stagnated in recent quarters.

American Express is the first issuer to use the search giant's virtual card technology, which uses tokenized credentials to replace other authentication methods.

The payments startup Bolt Financial is cutting staff, its CEO said in a message to employees on Wednesday. 

In global news this week, U.K. regulators safeguard cash, Mastercard's CEO weighs in on SWIFT, Deutsche Bank debuts real-time B2B payments, and more.

The payments company Stripe plans to give customers access to bitcoin four years after suspending support for the cryptocurrency.

The invasion drew unprecedented sanctions and withdrawals from dozens of powerful payment firms. The conflict demonstrates how a financial response can be as devastating as a military one — on both sides.

Here's what industry executives have stopped talking about — and what they're focused on today.

After lying low for a couple of years, wealthy consumers are poised to unleash nearly a quarter-trillion dollars in a card-spending binge that only a COVID-19 resurgence could derail, according to Visa's chief economist, Wayne Best.

People shouldn’t completely shun the crypto world after the recent collapse of a popular stablecoin, an official at the International Monetary Fund said Monday. 

The Swedish buy now/pay later company Klarna Bank saw its borrowing costs rise to their highest level on record as rising rates hit the company’s debt and equity valuation. 

For women, the path to leadership isn't always the same one that men take. Talus Pay CEO Kim Fitzsimmons says her career moved fastest whenever she refused to stay in her lane.

The retail chain is uniquely positioned to tie its growing slate of financial products to its customers' shopping needs, both in stores and digitally, said Julia Unger, Walmart's vice president of financial services, at American Banker's Payments Forum.

Strong spending trends, combined with a reduction in card repayment rates, contributed to 17% loan growth last month. The data suggests that rising fears of a recession aren’t yet changing consumers’ behavior.

A more active Consumer Financial Protection Bureau, competition from Big Tech and sanctions on Russia are combining to make compliance a much larger concern than in the past, according to legal experts who spoke at American Banker's Payments Forum.

In international news this week, BNP Paribas extends a credit line with green incentives to Ant Group; four NatWest bank units were penalized for overcharges on interchange fees; Experian agreed to buy a stake in a Brazilian fintech; and more.