Payments

City National Bank plans a new branch in California that fulfills one of its settlement obligations with the DOJ; Fiserv and PayPal expand their tech collaboration; Banc of California's Monica Sparks steps down; and more in this week's banking news roundup.

The buy now/pay later company beat analysts' expectations on revenue, net income and earnings per share as it issued new guidance for the end of its next fiscal year. Its stock was up as much as 31%.

Payment experts say keeping customers happy is the key to maintaining partnerships Here's what J.D. Power has to say about user satisfaction.

The indictment of Telegram's CEO has added scrutiny to the ways in which messaging apps are facilitating check fraud — and what banks can do to stop them.

Goldman Sachs, Capital One and Wells Fargo have all suffered pitfalls in their merchant partnerships. Payment experts discuss how issuers can keep retailers and consumers onboard.

The Swedish financial institution reports generative artificial intelligence will enable the company to lower headcount, while a digital payment rail is improving the financial performance at Walmart's PhonePe unit.

The Most Influential Women in Payments: Next execs discuss risks and rewards of generative artificial intelligence for their firms and careers.

The Consumer Financial Protection Bureau said charges for cash-back services are contributing to the lack of access to finance in underserved areas.

The Most Influential Women in Payments: Next honors women 40 years old and younger who are making a major impact on their businesses, inspiring colleagues and changing the industry early in their careers.

The cross-border payments company appointed its first chief digital officer in April 2023 in its push to design products more intentionally for consumers.