Payments

Online and cloud-hosted B2B services are on the rise, breaking apart traditional payroll and exposing pain points for technology developers to address.

The launch of the products comes more than a year after Capital One wrested the Walmart partnership from Synchrony Financial.

To eke out growth in the mature payments terminal market, Square is taking its newest NFC-enabled hardware to markets outside the U.S. with heavy contactless card penetration, where some merchants are likely to be behind the technology curve.

MoneyLion and Varo say familiarity with existing customers — whom they already offer savings, investment and personal finance products — will help them make smart credit decisions.

As the tech giant restructures and reinvents its current lending program, it must take advantage of this increased access to borrowers’ banking data to strengthen and inform its lending decisions, writes Become's Eden Amirav.

In a sign of how much Walmart Inc. is betting on e-commerce, the retailer’s revamped credit-card program with Capital One Financial Corp. offers better rewards for online shopping and checking out with its mobile app.

Fintechs that simply offer cosmetic upgrades to the cumbersome American banking system won't survive.

Months after retooling its Amazon Go store checkout process to accommodate customers who prefer to pay with cash, the e-commerce giant had added a way for consumers to pay for Amazon e-commerce purchases with cash at U.S. Western Union outlets.

Retailers have raised the bar in how they attract customers through rewards and loyalty programs, but not all are well-versed in how their technology also lures fraudsters.

With more players joining the lending industry, it's becoming a more crowded space, and business owners weighing their options are a bit overwhelmed, says Luke Intuit's Luke Voiles.

During a probe that grew out of the Wells Fargo scandal, BofA has acknowledged instances of "potentially unauthorized" accounts but said that the number of examples was "vanishingly small."

It's not a reaction to JPM Coin, the banks says, but a way to speed up international payments for corporate clients.

Travelex is rolling out a suite of B2B payment services through a new API-based platform and sandbox.

Giants like Facebook, JPMorgan Chase and Walmart are all pushing blockchain for myriad use cases, and now Wells Fargo has joined the fray with its own spin on the distributed ledger technology.

A proposal to define wages-on-demand would protect consumers and serve as an example for others.

The Ottawa-based company plans to offer tools including online store design, payment, shipping and marketing in more than 40 states to merchants of hemp-derived cannabidiol, which was legalized in December and is found in everything from skin creams to snacks.

Credit unions are upping their involvement in all things related to payments in an attempt to bolster the bottom line and ensure they keep up with the competition.

The CFPB’s enforcement action against Maxi suggests that the CFPB may more aggressively enforce certain rules going forward, writes Jeffrey Alberts and Dustin Nofziger of Pryor Cashman.

Goldman Sachs, Elevar Equity and QED Investors are among institutions financing Mexican lenders that fund SMEs.

Mission Lane, which was spun off from LendUp in December, said Monday that Shane Holdaway took the helm in August after roughly a year serving as CEO of Barclays' U.S. consumer bank. The upstart lender also announced that it has raised $200 million in equity funding.