Payments

The Internal Revenue Service is postponing for a year its requirement for e-commerce platforms, including Venmo, PayPal, Cash App and Etsy, to send tax forms to customers who have transactions of more than $600.

The Federal Trade Commission, in a consent agreement, instructed Mastercard to allow other debit networks to decipher 'tokenized' card account data used for online payments.

Fintechs shed thousands of jobs during 2022. But firms with strong balance sheets plan to pick up talent to drive innovation in the new year.

Early Warning Services' bank-owned peer-to-peer payment service reached eye-popping growth milestones in 2022. But scams targeting Zelle users also soared, drawing lawmaker scrutiny and forcing Zelle to consider reimbursing victims.

The measure would reduce access to credit among junior service members, opening the door to payday lenders.

The companies, which reach thousands of merchants, recently launched environmental programs that use a network effect to cut carbon emissions.

Pay-by-bank advances in the U.K.; British banks team to protect cash; Mastercard invests in Africa, and other news.

The Treasury Department's top official for financial markets and stability expressed little urgency over the federal government's need to prepare for the potential launch of a digital U.S. dollar.

The addition of in-person and online sales tools helps the company market itself as an alternative to processors and merchant acquirers for small merchants.

Centralized development programs for new companies provide access to potential clients and investors.