Payments

The technology giant's patents, which were built for banks and credit unions, will enhance the USDC issuer's intellectual property as more banks enter the stablecoin market.

The card network is cutting 7% of its staff, with management saying artificial intelligence-driven efficiency and faster technology development is part of the reason.

More than two dozen community banks submitted letters to the Federal Reserve expressing concern that its proposed "skinny" payment account framework could put them at a competitive disadvantage.

CEO Enrique Lores acknowledged interest in the payment company, saying that while PayPal remains focused on its revenue-generating plan, it is "open and objective" about the path forward.

The parent company behind Flex Rent submitted applications to state and federal regulators for an industrial loan charter and deposit insurance.

For banks, getting ahead in the digital asset race may be less about picking a winner and more about playing the field.

The regulator cited anti-money-laundering deficiencies in its decision, signaling the government is keeping a close eye on the issue even in a broader deregulatory environment. That means fintechs will be recruiting compliance experts from banks.

The House Financial Services Committee's Republican majority backed slower funds availability and declined to shift authorized-scam losses onto banks.

CEO Steve Squeri said the company is adding fewer customer service representatives and is cutting down on a backlog of technology projects.

Much of the recent growth of the universal e-checkout system Click to Pay is taking place outside the U.S. Payment experts say there are steps banks can take to boost usage.

A New York judge refused to dismiss Attorney General Letitia James's suit accusing Zelle's operator of enabling more than $1 billion in scams.

Bread Financial's point-of-sale installment loans, called Bread Pay, helped drive the lender's credit sales amid a wider earnings beat.

The payment network, which posts second-quarter results next week, noted localized boosts in payment volume near match sites in cities such as Boston, New York and Guadalajara.

A surge in bank charter approvals for fintechs and crypto firms creates new risks for sponsor banks.

Capital One Financial executives on Tuesday provided updates on the company's integration of its recent acquisitions of Discover Financial Services and payments-focused fintech Brex.

The bank reports an increase in spending in host cities and in restaurants, along with an early read on the role of agentic AI.

Synchrony Financial joined the chorus of banks that were enjoying the healthy credit cycle as consumers maintained discretionary spending despite ongoing affordability concerns and persistent inflation.

Samsung is taking a page from Apple's playbook and launching its own, digital wallet-native credit card with Barclays and Visa as the South Korean electronics company looks to expand digital services. It is Samsung's first credit card in the U.S.

New tariffs set for Wednesday cite the country's subsidized Pix network, which supports a large swath of transactions and has raised anti-competition objections from Visa and Mastercard.