Digital payments

Facebook plans crypto-based payments system; Sloan was a keeper


Digital coin could be used for purchases across the internet; Berkshire vice chair says he would have let Sloan stay on at Wells.


Goldman Sachs: We'll bet on crypto when it's more stable


Martin Chavez, global co-head of the securities division at Goldman, suggested the bank is unlikely to fully support crypto until such currencies have the backing of the U.S. government.


Investors boost Divvy's business expense payments platform


The venture capital firm New Enterprise Associates has led a $200 million funding round in Divvy, a business payments and expense management platform provider.


German megadeal called off; PayPal discloses Venmo user base


Deutsche Bank and Commerzbank end merger talks; the digital money transfer unit has more than 40 million digital users, second only to JPMorgan Chase.


A payday lender in disguise? New York investigates the Earnin app


The Earnin app appears designed to look like other early wage access programs, but critics say it’s actually a payday lender and New York regulators have taken notice.


Goldman to share code with developers; Mastercard’s digital ID blueprint


Firm “hopes to crowdsource new uses for” its pricing and analysis system; the system could be put on a device and used anywhere to cut down on fraud.


Are global regulators gunning for big tech?


Randal Quarles, a senior Fed official and chair of the Financial Stability Board, sparked debate with a speech about the risks and rewards of companies like Amazon, Facebook and Apple entering the financial system.


What the new Apple credit card means for Goldman Sachs


The Silicon Valley partnership represents an extension of — but also a departure from — the consumer strategy that Goldman has been pursuing since the launch of its digital consumer bank, Marcus.


How 6 million Bank of America customers are using Erica


The most popular features of the AI-driven virtual assistant include transaction search and spending alerts.


Mastercard venture aims to help small banks keep up in payments


The credit card network has teamed up with an ICBA unit and the fintech Urban FT to offer a payments services program tailored to community banks trying to keep pace with bigger banks.