Payments

President-elect Donald Trump is nominating Frank Bisignano, the chief executive officer of fintech and payments company Fiserv Inc., to be the commissioner of the Social Security Administration.

The Clearing House increased its transaction limit from $1 million to $10 million; Mastercard settled a card fee lawsuit; and other news from the world of payments.

Shares of PSQ Holdings nearly quadrupled as Wall Street reacted to the fledgling payment company's appointment.

As 2024 comes to a close, trends such as open banking, fights over credit card fees and the future of faster payments are still in flux.

Buy now/pay later firms launched new products and announced new operational strategies this week as they prepare for an expected increase in demand this holiday shopping season, while Revolut's CEO laid out plans for 2025.

Micro-, small- and medium-sized businesses have traditionally been a tough nut to crack when it comes to serving up actionable insights. Payment data is helping to change that.

The use cases are growing and banks don't want to risk being left behind, especially with younger customers who are more open to the technology.

The bank and payment company are using the technology that underpins digital assets to improve interoperability for international transactions, a major point of friction in trade finance.

The Federal Reserve released the volume of activity on its instant payments network since its launch last summer, showing a surge in usage between July and August.

A punitive tax on payments sent overseas to the families of immigrants would have a cascading set of consequences — all of them bad.