Payments

The payments industry produces billions of cards each year, contributing to the massive amounts of plastic that end up polluting the planet. Key players have stepped up to adopt more environmentally friendly options.

SVB promotes its head of payments infrastructure, Turkey approves Colendi to open a digital bank and more.

Banks like Capital One, U.S. Bank and Santander are updating their floor plans and their menus — often with a discount on food or beverages for cardholders — to reach more millennial and Gen Z consumers.

Many public-transit riders are ready for a single app to manage fees for trains, buses, bicycles, scooters and ride-sharing across cities, according to a new global survey from Visa.

It's hard to see FedNow as a revolutionary solution because it's not actually much newer, faster or cheaper in many cases than existing payment services.

The longtime payments executive plans to maintain the company's alternative pricing as a way to address the growing criticisms of interchange.

Congress must act to ban nonbanks from issuing stablecoins. The products are virtually equivalent to bank deposits, and should be regulated as such.

The company, which became independent in July, will rely on the cloud to reach new markets.

The data-aggregation specialist will refer businesses to a payroll tech firm to streamline the process of setting up direct deposit at a new bank, as more people move their accounts to obtain better rates.

Merchants may rake in 14% to 200% more revenue from consumers who forgot to cancel online subscriptions paid for by credit and debit cards, according to a new study based on anonymized consumer transaction data.