Despite fresh waves of online fraud and scams, czars of social media platforms, peer-to-peer networks and blockchain products have renewed ambitions to marry financial services with social apps.
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Monzo raises a $430 million investment to accelerate its expansion in the U.S.; Stripe adds support for Tap to Pay on iPhone; and more in this week's global payments news roundup.
March 6 -
Wells Fargo unveiled a new credit card and is bolstering how it rewards customers for their spending, crucial steps in Chief Executive Officer Charlie Scharf's mission to make the fourth-largest U.S. bank a bigger player in a space long dominated by rivals.
March 6 -
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Brazil's Pix network, at just three years old, now accounts for 15% of all global real-time payments — and its success is inspiring projects in other countries.
March 6 -
As founder of the card network's Center for Inclusive Growth, Singh brings financial resources, corporate tools and volunteer expertise to small businesses around the world.
March 5
American Banker's Most Influential Women in Payments share their views on artificial intelligence, hybrid offices, real-time payments and more.
Honorees from 2024's Most Influential Women in Payments, representing companies such as MoneyGram, Walmart, Segpay and more, share insights into how how artificial intelligence is changing their companies and their industry.
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The peer-to-peer network moved $219 billion in the final three months of 2023, with scams and fraud accounting for about 0.1% of all volume, according to Early Warning Services, which operates Zelle and is owned by a consortium of banks.
March 4 -
Some U.S. banks postponed taking action on ISO 20022, a new global financial messaging standard, while they were busy with preparations for FedNow's faster-payments launch last year. This may not leave them with enough time to meet a March 2025 deadline.
March 1 -
The Swedish lender says the use of generative AI hasn't affected headcount. But it has also said previously that AI would impact its own hiring decisions.
February 29 -
Samsung has launched the Galaxy Ring, a wearable device that might support Samsung Pay, while Amazon has received a payment aggregator license in India.
February 28 -
Will AI erase jobs? How can you jumpstart a stagnant career? And what's the latest with real-time transaction processing? The industry's top executives will gather on March 27 and 28 in Hollywood, Florida, to dive into these issues and many others.
February 28