Payments

As more tech-savvy shoppers come back to stores, the digitally focused payments company hopes to accompany those consumers by expanding its capabilities at the point of sale.

This week in global news, King Charles III to replace the late queen on coins, Revolut gets clearance on crypto from U.K. regulators, Mastercard expands digital payments in Dubai, and more.

The payment firm, which experienced a large but fleeting demand from at-home workers during the pandemic, is moving ahead with products designed for the needs of a transforming economy.

Visa has long been Chase's dominant credit card-issuing partner, but Mastercard is making noteworthy inroads, underscored by Chase's new Mastercard-branded DoorDash credit card.

Bipartisan legislation co-sponsored by Reps. Lance Gooden of Texas and Peter Welch of Vermont would require large banks to support at least one network other than Visa or Mastercard. Banking industry groups argue that it would help big retailers at the expense of consumers.

PayTile users can pay anyone near them, but they don't have to disclose their name, email address or phone number to the recipient.

Most Americans are more indebted than ever, underscoring a persistent and widening wealth divide in the U.S.

Buy now/pay later loans took off during the pandemic, but the market has gotten crowded. Now, lenders are seeking to set themselves apart with new audiences or business models.

The bank will use the deal to bolster the digital services that it sells to hospitality clients.

Klarna Bank, months after announcing major job cuts and taking a $39 billion hit to its valuation, is planning to restructure parts of its business further to suit a slower-growing, smaller operation, people familiar with the matter said. 

The fintech is working with MX Technologies and other firms to help clients reduce their reliance on traditional card networks without scrimping on fraud prevention.

From avocado-toast debit cards to pumpkin spice-themed loans, financial institutions are running culinary initiatives to bring consumers to the table.

Self's credit-building loans and secured card were popular but the company sought a competitive edge. The recent acquisition of RentTrack adds to the data consumers can share with the top three credit bureaus.

This week in global news, Google faces scrutiny for its payment policies, Apple raises App Store prices in Europe and Asia, and Revolut confirms a cyberattack.

The accounting software provider aims to help small enterprises deal with changes to the workforce brought on by inflation, supply-chain issues and other complications.

The cloud retail firm NewStore is an early adopter of the tech giant's iPhone payment acceptance service, which some see as a step toward eliminating dedicated checkout lanes altogether.

Three years after expanding into credit cards, Goldman Sachs has quietly signed up a third partner, T-Mobile US.

In a tough market, the terminal maker wants to give investors a choice between faster-growing digital commerce and steady-earning ATMs.

Isbank, Turkey's largest bank by assets, stopped using a payment system popular among Russian tourists, following a warning by the U.S.

More U.S. consumers are saddled with credit card debts for longer periods of time, according to a survey, struggling to pay down amid high inflation and rising interest rates.