Payments

Two industry leaders at American Banker's Digital Banking conference said banks' fraud and identity controls weren't built for software acting as the customer.

Early Warning Services' peer-to-peer payment platform Zelle is launching its own stablecoin, ZLUSD, which will allow it to open its network to remittances abroad. India will be the first country.

Analysts say Payoneer is an attractive addition in a market where fast-moving developments in international payments, AI and digital assets are pressuring payment companies to scale quickly.

Fiserv's former CEO Michael Lyons has left the technology seller to become CEO of Truist Financial 18 months after taking the job. Takis Georgakopoulos will assume the financial technology seller's top job.

How verification tools will change the retail experience, according to Umar Farooq, Global Co-Head of Payments at J.P. Morgan.

How J.P. Morgan Payments is fighting a growing tidal wave of scams.

How J.P. Morgan Payments is dealing with smart contracts and using a public blockchain.

When a bank thinks of itself as a tech company, a new set of opportunities and challenges becomes clear.

Real-time payments are only one component, Umar Farooq said.

As new payment rails come online, Umar Farooq says, the bank hopes to edge out competitors.

Multiple states are testing the ability of federal banking regulations to preempt state laws. If they succeed, a core pillar of the U.S. economy — the dual banking system — could begin to crumble.

The Dutch payment processor has agreed to acquire artificial intelligence-powered fintech biller Orb, its second acquisition in three months in an effort to speed development.

Visa and Mastercard are making it easier for AI agents to make autonomous payments within large language models, while fintechs such as Robinhood and Coinbase are opening their doors to those same agents to keep customers within their ecosystem. Payment experts say that puts banks on the defensive.

With the big card networks and Coinbase pushing the new form of artificial intelligence, the blockchain company is offering a tool kit to enable AI agents to perform transactions.

The Financial Technology Association has gone to court, claiming the state's remittance tax is invalid because it infringes on the dormant commerce clause and import-export clause in the U.S. Constitution, which prohibits states from enacting laws that discriminate against foreign commerce and from taxing imports and exports without Congress' consent.

The AI-powered fintech accused the neobank and buy now, pay later lender of misappropriating its trade secrets and breaching its license and loan sale agreements.

The Dutch payment processor says that overall declines in payments crime obscure a broader danger as the threat migrates to hard-to-spot consumer uses and AI.

Segmenting the landscape: How legacy core, money service businesses and stablecoins divide cross-border value

Payment experts detail where banks are falling short in combating AI-driven crimes.

Arbitrary financial regulation "cliffs," such as the one imposed by the Durbin Amendment, create incentives that distort decision making. Congress should step in and reform the various measures that rely on such imprecise triggers.