Don’t buy what Zuckerberg’s selling on Libra


Facebook’s cryptocurrency would not help underserved communities, despite the claims of its CEO, who is slated to appear before Congress this week.


PayPal exit from Facebook project shows power of D.C.’s disapproval


The payments company’s departure from the association leading Facebook’s Libra cryptocurrency plan is the clearest sign that skeptical policymakers are the plan's biggest obstacle.


Big banks need to stop tinkering with gender pay-gap data


Investors expect banks to be honest and transparent about employee wages.


What it means for Facebook's Libra to lose PayPal


Facebook's Libra cryptocurrency project has lost its first major ally. PayPal — where the head of Facebook's Libra project once served as president — has cut its ties. As a founding member, PayPal was expected to drive the payment-specific part of the cryptocurrency initiative.


O'Rourke urges credit card lenders to stop backing gun sales


The Democratic presidential candidate said on Twitter that credit cards "have enabled many of America’s mass shootings."


Culture problems? This AI can root them out


Banks are using Receptiviti’s software to find signs of stress, collusion and questionable sales practices among employees.


Wells Fargo hires payments vet Colleen Taylor to lead merchant services


Former Mastercard and longtime bank executive Colleen Taylor has joined Wells Fargo, where she will oversee the bank's merchant services strategy.


Mastercard’s biggest acquisition; GreenSky puts up for-sale sign


The card company is buying the corporate-services businesses of Danish payments provider Nets A/S; the online lender’s stock plunged after it missed second quarter earnings expectations.


Russell E. Hogg, former Mastercard CEO, dies


During his time with the company, Hogg directed its transformation from Interbank to Mastercard and helped expand the card brand's global presence.


PayPal, card networks may bear a ‘heavy burden’ with Facebook crypto plan


Visa, Mastercard and PayPal may have boosted the single, greatest risk they face -- that of tougher regulation -- by becoming early backers for Facebook new digital money, called Libra.