Payments

Goldman Sachs will issue Apple’s new cobrand credit card, according to a person familiar with the matter, as the investment bank deepens its push into consumer finance.

Household debt is higher than ever, and delinquencies in credit cards and unsecured personal loans are edging upward. Bruce Van Saun, chairman and CEO of Citizens Financial, shares his views on the market and the business opportunities there.

Security is a top priority for financial institutions around the world. In the past few weeks, the U.K.’s TSB Bank has learned the hard way that availability is even more important. And when availability is an issue, security can’t be ignored.

China hasn't exactly opened its arms wide to embrace U.S. payments companies, but the nation has gradually become more accepting of the foreign payments businesses that view its tech-savvy population as a lucrative market.

The agency’s rule restricting short-term loans ignores state discretion and harms needy borrowers, argues Louisiana’s attorney general.

Wells Fargo is adding a new tool to make its mobile app easier to use as the bank tries to keep Silicon Valley innovators from stealing more customers.

The bank said it kept fee rebates that should have gone to a small pension fund; some women say the company's “bro” culture hinders their advancement.

Welcoming automation into our industry with less friction and fear happens when we understand its overwhelming benefit to our futures and the quality of our work, writes Lauren Ruef, a research analyst for Nvoicepay.

The prepaid card issuer is attracting customers who are more inclined to seek it out through the app store.

Instead of expanding Alipay’s geographic reach across the U.S. and Canada, Alipay is doubling down on merchant acceptance in urban areas and tourist zones to drive more spending volume.

The deal, Walmart’s biggest ever, gives it greater access to India’s e-commerce market, which Morgan Stanley has estimated will grow to $200 billion in about a decade. But it will take some time for the business to turn profitable.

Millennials view the ATM as central to how they manage their money and go about their daily lives, writes Yonas Marcos, president and CEO of Star Financial Services.

When EMV chip cards were launched in the U.S., the initial fear in the security and payment industries was that fraud would migrate to e-commerce. But the migration has actually moved further along to the more lucrative venue of real-time Fed-mandated ACH payments.

Blockchain's decentralized model can help avoid the "insiders-only" tendencies of centralized markets while distributing risk, contends Donika Kraeva, strategic communications manager at Dentacoin.

The banks contend distributed ledger technology (DLT) makes it easier to coordinate trade finance deals. And the use of smart contracts can help parties comply with contractual obligations such as staged payments.

Even as banks have built up their defenses, fraudsters continue to find new ways to try steal consumers’ identities to open accounts, take out loans or intercept payments.

Both executives assume their new roles as the Citi unit faces competition from both large banks and fintechs in the cross-border payments market.

The restaurant technology is a category-specific move that mirrors a broader strategy at Square, which has spent hundreds of millions of dollars in the past few months to round out its merchant services products.

The expansion of Visa Direct is designed to speed disbursements for health care patients who can receive an instant payment versus waiting several days to a week for payout.

How a measure to make opening online accounts easier was crafted — and why it needs to pass Congress.