Payments

A new credit union service organization uses Prizeout's technology to incentivize members to buy gift cards from local stores.

To speed up customers' access to new and replacement cards, the Virginia-based bank created a process to provide a digital card number via the web or its mobile app.

Federal Home Loan Bank of Chicago has a new CFO, while Visa's CFO plans for retirement. These stories and more in banking news this week.

The Clearing House has operated its RTP network for about six years, and the FedNow rail is expected to launch later this year. Here's a look at the nuts and bolts of instant money movement, and how the two systems are different.

The prepaid card issuer is working with the electronic billing company Paymentus to appeal to consumers who want to make digital payments without opening a mainstream bank account.

Early Warning Services said it made significant traction in signing up smaller participants in 2022, as 70% of the 500 financial institutions that went live on Zelle's peer-to-peer network last year have less than $1 billion of assets.

A community bank in Missouri plans to offer fractional stock rewards later this year, while a small bank in Utah is winding down a similar program.

United Arab Emirates plans to launch a central bank digital currency this year; Adyen adds travel payment cards; and more.

Travel disruptions make it crucial for hospitality providers to handle bookings, cancellations and postponements — and the underlying payments and refunds — with ease. Software vendors are tailoring their products to address the needs of this and other niches.

With Apple pushing into the lending business with a buy now/pay later service, the company is laying out rules for how it will approve transactions. One key factor: whether you've been a good customer in the past.