Payments

When TD Bank launched an audio brand identity across its communication channels early this year, the new jingle triggered a surprising reaction from consumers using the firm's ATMs.

The technology company faces fines over potential anti-competition practices; Takis Georgakopoulos is on his way to Fiserv.

Investors are keeping a close eye on recent banking news, including Mastercard's latest plan for crypto, Comerica's proposed settlement of a class action, employment gains and skeptical shareholders.

The two financial institutions are testing a combination of machine learning and blockchain to catch errors and block fraud on international transactions.

As many financial institutions around the world prepare to adopt the ISO 20022 standard for sending international payments by March of 2025, experts say banks failing to make timely preparations could risk losing some customers and payments volume.

Klarna is looking to get out of one of its key payments businesses after the financial technology giant found the unit created a conflict of interest with peers like Adyen or Stripe.

The Consumer Financial Protection Bureau's attacks on credit card reward programs don't square with the fact that the vast majority of consumers are very satisfied with their service.

The CEO and Co-founder of NovoPayment is one of American Banker's 2024 Most Influential Women in Fintech.

The Division leader for North Latin America and the Caribbean at Mastercard is one of American Banker's 2024 Most Influential Women in Fintech.

The public will now have an additional two months to weigh in on expanded operating hours for its Fedwire Funds and the National Settlement services.

U.K. banks are testing machines that can accept deposits from multiple machines.

Publicly traded companies are showing signs of improvement, but it may take some time until venture capital funding for fintechs recovers.

A London judge has issued an order that could lead the bank to sell the Greek fintech, while two large French financial institutions plan to build a processor.

The Biden administration should widen the scope of its junk fee initiatives and provide small- and medium-size businesses with relief from excessive international payments charges.

The rocky journey and abrupt end of the technology company's fledgling buy now/pay later service underscores ongoing challenges facing fintechs that offer point-of-sale installment loans, and how banks may benefit from the changing BNPL ecosystem.

The organization says 'request for pay' has gotten early traction with billing and account-to account transfers. Now it's targeting consumer-to-government and digital wallet disbursements.

The card network has developed a digital approach to delivering disbursements for disaster relief and other purposes via mobile devices, without requiring a separately downloaded app.

A $30 billion settlement between Visa Inc., Mastercard Inc. and retailers to cap credit-card swipe fees is likely to be rejected by a federal judge in Brooklyn, a setback in the two decade-long litigation.

PNC has cut its credit card late fees to $8, and Wells Fargo has eliminated the charges on one new card. The moves signal that issuers are already adjusting to a CFPB rule that's currently on hold amid a court challenge.

Longtime payments chief Takis Georgakopoulos is leaving the bank. New co-heads Umar Farooq and Max Neurkirchen are inheriting a powerhouse, but they face lots of challenges.