Payments

The London-based challenger bank will also launch a streamlined version of its app as it works to break into non-European markets.

Sometimes the right worker has the wrong skills. The card network's lab in Chicago is hiring people with general technology expertise, then training them for specific tasks.

Longtime Visa president Ryan McInerney will become CEO in February 2023 when Al Kelly steps down from the post he's held since 2016. Kelly will become executive chairman of the board following the transition.

TAB Bank's debit account, which rewards users with partial stock shares, is boosting the company's appeal among consumers who are younger, tech-savvy and underbanked.

The companies are improving the way older, "offline by nature" industries like steel and food services handle transactions and financing.

A group of unions filed a complaint against Starbucks Corp. with the U.S. Securities and Exchange Commission, asking the agency to investigate how the coffee chain accounts for unused money left on customers' stored-value cards and accounts.

In global news this week, Spanish banks test a CBDC, RBC offers buy now/pay later in Canada, and Microsoft expands its relationship with a British fintech.

Visa is working with online travel agencies to promote the use of virtual cards and tokens to streamline payments, refunds and add-ons.

Square will launch an Amex-branded credit card next year through its app, targeting its U.S.-based sellers using the card network's fintech-centric approach.

The financial institution is offering tools for merchants to make better use of the viral video platform.