Payments

Republican Josh Hawley, the senior senator from Missouri, says he intends to offer legislation that would cap credit card rates at 18%. For a bill designed to go nowhere, it's a surprisingly good idea.

The buy now/pay later lender expects those increased expenses — brought on by rising interest rates — to eat into one of its key metrics: revenue less transaction costs.

Amex is planning to debut a new luxury lounge at Newark Liberty International Airport, part of the credit-card giant's continued push into travel and entertainment services.

Blackhawk Network now offers Visa gift cards made of paper, while Venmo and Hallmark are putting QR codes in standard greeting cards. Both initiatives address the environmental harms of first-use plastic.

Low-code programming, which uses easy-to-understand visual elements to guide upgrades, is catching on with fintechs that want to avoid large projects.

A point of sale glitch puts smaller sellers in a bind: They can refuse sales, fall back to cash and checks or take a leap of faith and absorb any transactions that fail after their systems come back online.

Texas bitcoin miners, embroiled in a controversy over their energy-intensive operations, are shutting down most of their machines while the state grapples with its power crisis.

Capital One Financial opened its newest airport lounge to the public at the Washington, D.C., metropolitan area's Dulles International Airport.

Financial institutions struggle to connect emotionally with consumers, according to research from American Banker's publisher. Barclays and Bank of America say digital delivery and targeted incentives have found success.

Rohit Chopra, the director of the Consumer Financial Protection Bureau, wants to ensure that Big Tech firms are not unfairly excluding smaller fintechs from innovating on their platforms.

Affirm is the latest BNPL lender to launch an in-store payment card with multiple financing options, giving consumers more checkout options as regulatory changes loom.

A member of the European Central Bank's board said private sector digital coins like PayPal's could harm competitive balance, Santander makes candy harts with romance scam slogans, and more.

From hidden fees to misleading marketing, small businesses face too many challenges when making and receiving cross-border payments.

Central bank digital currencies may be years away in larger countries, but payment companies are building international networks now. Here's why.

By partnering with processors Worldpay and Nuvei to use Circle's USDC for B2B transactions, the card network can demonstrate the utility of digital assets on a broad scale.

Legislation before Congress would violate individuals' digital privacy by requiring digital wallet providers to intrusively gather and report highly personal information.

The market for services that allow employees to access funds ahead of their two-week payday is a hotbed of activity, even as financial services regulators in some states seek to rein it in.