Payments News
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"Payments modernization is no longer a future aspiration," writes one bank tech executive. "It has become an operational and strategic imperative."
A new state law will require retailers to accept cash for most transactions below $500, and fine repeat violators up to $5,000.
Merchants keep attacking the fees, but the charges keep coming because consumers love swiping their cards.
Merchants keep attacking card fees, but the charges keep coming because consumers love swiping their cards.
It costs 13 cents to produce the five-cent coin. Congress wants the U.S. to explore more cost-effective methods.
The Bank of New York and other financial institutions are preparing for a pilot next year that will stretch the real-time payments network across borders.
The payments company is gaining a new government payments business with its deal for Utah-based IntelliPay.
The fintech is expanding its efforts to market local restaurants using its point-of-sale system across Cash App's user base.
More access to cardholder and merchant data also gives the card network an edge in fraud detection over its rivals.
The mega-retailer said it will now accept Apple Pay and Google Pay payments, using tap-to-pay with smartwatches, contactless cards and phones.
The payments giant's founders told investors that the company's private structure will help it to be more nimble amid AI shifts.
The peer-to-peer player and its PayPal parent have forged new ties to higher education institutions, allowing students to make payments with the P2P tool.
Separate proposals advanced by the SEC and the FASB this week could provide the cryptocurrency sector with regulatory relief as legislation founders.
"The real challenge for merchants is not which rail a payment uses but a lack of visibility, control, and intelligence to optimize payment flows," a fintech marketing executive writes.
It's not just the elderly being drawn into fraud. Young people are also increasingly prey for financial crime, according to a Federal Reserve report.
The government and card network are trading accusations of overly broad discovery requests and 'gamesmanship' in the DOJ's debit card lawsuit.
The payments behemoth's acquisition of the AI spend management firm has been in the works for weeks. The reported price tag: $7.5 billion.
The latest purchase by Fransciso Partners adds to the private equity firm's stockpile of payments companies, including one it bought earlier this month.
If the company completes a prospective acquisition of OpenRouter, it will set itself up to be at the center of artificial intelligence token payments.
The online bill-pay company agreed to settle a case brought by the Federal Trade Commission over deceptive ads and undisclosed fees.
The buy now, pay later player won't live up to its financial forecast for this year because of a slowdown in one of its largest markets.
The New York startup Kard has technology, talent and merchant ties that the bank expects will strengthen a loyalty strategy for its consumer cards business.
The company is dealing with turmoil from the shift to digital money transfers as it seeks regulatory approvals for a $500 million deal for rival Intermex.
"In the absence of a federal consumer privacy framework, both consumers and businesses are paying the price," one company founder writes.
