Payments

Pinwheel, which automates the setup of direct deposit at new accounts, endured a brief and unexpected surge in traffic during mid-March's bank runs.

The quest to make instant settlement ubiquitous in all countries requires scale and connectivity, creating opportunities for intermediaries that can handle the last mile.

Like bank and credit union branches, sit-down restaurants face rapid changes in consumer preferences, requiring a quick pivot to a growing range of digital service and checkout options.

By integrating its new installment product with its widely popular mobile wallet, Apple is more likely to capitalize on spending data than to focus on creating a large loan portfolio.

Klarna adds chatGPT, BNP Paribas outsources to the Nordics, Mastercard teams with a French fintech and more.

With FedNow set to launch in July, UMB is looking at ways to implement the instant settlement network with payroll and other transaction types.

This year's conference, hosted by American Banker, comes during a time of almost unprecedented change for the economy and the payments industry. The industry's top minds will gather in San Diego for discussions that will matter for years to come.

Apple began rolling out its first buy now/pay later service after a lengthy delay, entering a field currently dominated by Affirm, Klarna and others.

Despite the shift to digital payments, higher prices are bringing some people back to paper bills to manage their finances.

Pismo's platforms allow banks and financial technology companies to rapidly launch products for cards and payments, digital banking, digital wallets and marketplaces.