Digital payments

Where banks can boost transparency in payments


At this year’s Swift Business Forum in New York, executives said banks can build "more intelligent routing" to speed up payments and reduce the cost of processing and delivery.


Mastercard, Microsoft take a global approach to B2B automation


The payments company released a platform made up of nine B2B networks and powered by Microsoft’s Azure.


How a VC views the bank-fintech battle (hint: banks are losing)


Minal Hasan, a lawyer turned prominent fintech venture capitalist, has strong views on founder dramas, cryptocurrency, and why banks need to step up their technology game.


Comerica scrambles to address fraud in prepaid benefits program


The Texas bank, which partners with the U.S. Treasury to dispense federal benefits via prepaid cards, is alleged to have dropped the ball as hundreds of cardholders say their money was forwarded to fraudsters posing as them.


Third Point takes PayPal stake, sees shares hitting $125


Dan Loeb’s Third Point has taken a stake in PayPal Holdings Inc. in a vote of confidence for the payments processor as it faces increasing competition from the likes of Inc. and Square Inc.


Banks play catch-up in fintech for small-business clients


A cash management offering by Mastercard and Strand is the latest example of new answers to commercial clients' demands for better digital services.


Corporate customers want retail’s bells and whistles, too


"Banks should be investing in innovation in this area or risk getting left behind," a fintech CEO warns.


SoFi CEO's strategy for success: 'Make every transaction faster'


The online lender wants to provide instant payments and securitizations alongside instant loans, according to CEO Anthony Noto.


CFPB fines debt collector; Adyen shares nearly double on first day


Security Group was fined $5 million for abusive collection tactics; the Dutch payments company is now valued at nearly $16 billion.


Four companies driving the bank tech discussion, with only one a FAANG


Facebook, Apple, Amazon, Netflix and Google garner so much attention that they have their own collective shorthand, FAANG. But it was a mostly different set of companies, including Starbucks and Acorns, that were top of mind this week for their financial services moves.