Payments

The U.K. fintech sees itself as a competitor to Block and PayPal's Bitcoin-trading operations, with plans to offer Americans banking services such as a savings account in the near future.

There’s no universal case for central-bank digital currencies, according to International Monetary Fund Managing Director Kristalina Georgieva, who urged policymakers to carefully weigh trade-offs as financial innovation enters a new phase.

Tap to Pay on iPhone turns any of the tech giant's recent smartphones into a card reader, but since Apple doesn't provide its own merchant services, it stops short of becoming a direct threat to acquirers and payment facilitators.

The U.K. financial technology startup GoCardless raised $312 million in new funding to speed up its expansion in open banking across products and geogrophies.

Borrowing on plastic climbed by $52 billion in the fourth quarter, the New York Fed found, as consumers splurged on holiday shopping and inflation drove up the cost of goods and services. It's the biggest jump in the 22 years the data has been tracked.

PSCU is working with EnaComm to build web and mobile applications for prepaid cards.

The card network joins a growing number of payment-card companies and fintechs providing digital bank accounts.

The $650 million deal would add services for financial institutions seeking a faster path to upgrade their technology.

Stablecoins are unlikely to be the future of payments despite their growing market value in the last two years, according to a Federal Reserve Bank of New York blog post.

Six members of the Senate Banking Committee are asking questions about a flurry of lawsuits against credit card customers. The bank denies that it has resumed using robo-signing.

On Sep. 30, 2021. Dollars in thousands.

The Pakistan-based buy now/pay later startup is expanding to the U.S. and regional markets by introducing its one-click checkout product, its CEO says.

Earned wage access companies are finding that their product, which allows employees to receive a portion of their salary ahead of the traditional two-week cycle, can aid nurses and other professionals in addressing the work-life imbalance that contributes to the Great Resignation.

MVB Bank more than tripled its deposits in five years by providing accounts to sports betting sites, as well as technology companies that cater to other industries.

The increase was driven by small businesses including property managers, contractors and beauty salons.

Recognizing that many of the region's consumers are choosing startups, companies like Citigroup, JPMorgan Chase, Goldman Sachs, Santander and Scotiabank are taking stakes in nascent payment providers.

The upgrades merchants made to accept chip cards and mobile wallets have made it easier to add new services via software updates. NCR and other point-of-sale vendors are using these systems to support digital currencies without requiring new hardware.

Working with Bumped, TAB Bank is offering customers “cash back” as fractional shares of popular retailers.

U.S. lenders issued more credit cards than ever last year, with a growing share of them going to consumers with lower credit scores.

The "super app," which incorporates shopping, savings and other offerings, was well received by PayPal's users, but inflation and supply chain issues are likely to weigh on spending through the first half of this year, CEO Dan Schulman said.