Payments

Security worries have kept many financial institutions from sending payments on TCH's real-time payments network and FedNow. But ABNB Federal Credit Union had other ideas. Here's how its team prepared.

Firms such as Circle, Binance and Coinbase say new bipartisan legislation will attract banks to the market, providing a boost for mainstream payments.

Utah is the latest state to push a pro-industry EWA bill. If signed, it would mark the sixth state with legislation specific to the budding cash-flow product.

The multitrillion-dollar global market has opportunities and potential pitfalls for banks.

Executives at American Banker's Payments Forum in San Francisco said artificial intelligence and embedded finance will dominate investments in the coming year.

American Banker's Payments Forum conference brought together some of the most effective women in the payments industry to discuss career strategy, adjusting to the fast pace of technology and best practices for taking on new roles.

The Biden-era suit against Zelle's parent company and its largest bank parent owners sought to require banks to reimburse consumers for "induced fraud," when a consumer is tricked into sending money to someone under false pretenses.

Block has combined buy now/pay later with peer-to-peer payments, part of a big bet that younger consumers want an alternative to credit cards.

Visa and Mastercard have long been in legal battles over payment fees, with out-of-court agreements proving elusive.

The card-issuing company has appointed CFO Mike Milotich as interim CEO as Simon Khalaf steps down. The firm also agreed to buy European payment provider TransactPay.

As the company asserts profitability and focuses on AI-powered checkout, its $95 billion high-water mark from the pandemic-era 2021 bubble is in sight, providing clues about broader investor demand.

Flexa's new tap-to-pay function is the first cryptocurrency contactless payment option that does not require an app or the internet to function.

The company's cards will combine with the Alipay digital wallet, enabling foreign travelers to use local currency while reducing fees and processing steps. That and more in the American Banker global payments roundup.

Earned wage access is shaping up to be the most divisive financial product in decades as industry trade groups and consumer advocates spar over whether EWA should be classified as credit in order to protect consumers. Is there a middle ground?

More consumers and small-business clients are clamoring for earned wage access, as states step up regulation and a CFPB interpretive rule hangs in the balance.

The collaboration will enable the payment company's Fastlane system to reach merchants in the U.K. and Europe, addressing a need to scale the product quickly.

The state legislature has passed a bill that would remove exceptions to a 12% interest rate cap that would make many alternative forms of lending infeasible. It sits on the governor's desk, awaiting signature.

FNB Corp marked the grand opening of its new downtown Pittsburgh headquarters this week. The bank owns and occupies the majority of the 26-story tower in the city's Hill District, a new addition to the city's skyline and one of the few new towers built in the city's business district in recent years. And long-time bank executive Robert Goldstein has died at 84.

The payments company, which is unifying parts of its operation to deepen its reach with consumers and businesses, saw its stock fall more than 10% after reporting mixed earnings, though analysts are more bullish on the company's future.

By enabling consumers to link multiple payment options together, the card network can counter similar moves by rival Visa and fintechs such as Curve.