Mastercard, the second-largest U.S. credit card issuer, is encouraging employees to return to its New York-area offices, joining banks and other financial firms as they seek to bring staff back from remote work.
National Australia Bank successfully moved its NAB Connect business banking platform to Amazon Web Services, giving some 70,000 customers access to new features in the process.
Google yanked the popular Indian mobile payment app Paytm from its Google Play Store Friday for violating its gambling policies with the launch of a new marketing campaign, leading to a war of words between the technology companies before the app was restored hours later.
Industrial and Commercial Bank of China said Thursday that it has launched the first Visa virtual credit card in Hong Kong in response to the increasing popularity of cardless payment via mobile phones.
Mastercard will invest $500 million in Black communities over the next five years, the U.S.-based credit card issuer said Thursday, the latest financial institution to take action to help to close the racial wealth and opportunity gap across the United States.
The Reserve Bank of Australia is not currently considering the issuance of a central bank digital currency, its payments policy department said Thursday, bucking the trend of most other central banks around the world.
SWIFT, a global financial messaging service, will revamp its technology in a bid to provide instant communication and transaction management for up to 4 billion accounts across the world’s banks and other financial institutions.
Cryptocurrency payment provider BitPay on Wednesday rolled out new functions allowing users to purchase Bitcoin and other popular digital assets on its app through a partnership with fintech startup Wyre.
Mastercard and U.K.-based Handpoint jointly unveiled a partnership on Wednesday that will bring “essential technology” for contactless payment options to thousands of small and medium-sized businesses in European countries.
A commissioner with the U.S. Securities and Exchange Commission said Tuesday that a recent enforcement action against an esports gaming and gambling platform could have a chilling effect on entrepreneurial securities offerings as she believes the penalty goes too far.
Square said Tuesday that it is rolling out a pair of new features meant to expedite the payroll process, in an effort to help both employees and employers improve their cash flows amid the COVID-19 downturn.
Munich Re said Tuesday that it’s working with digital agriculture company Farmers Edge to “transform” parametric insurance for crop growers through unique, farm-specific technology that can detect weather-related claims and trigger instant payouts.
Visa said on Tuesday that it is bringing its online checkout service Click to Pay to Canada, which will let shoppers make purchases without needing to repeatedly manually give their passwords and account numbers, citing a recent surge in domestic e-commerce.
Banco Bradesco, Brazil’s fourth-largest bank, said Monday that it has entered the country’s growing digital-wallet market with a new product called BITZ.
The CREST financial markets settlement system experienced technical issues Friday that dragged into Monday, prompting the Bank of England to postpone until Thursday a planned GBP 1.5 billion ($1.9 billion) buyback of government bonds related to the COVID-19 pandemic.
The governor of the Bank of France is urging central banks across Europe to embrace digital payments and create a cohesive, consistent strategy in order to strengthen the European financial sector and maintain the balance between central and commercial banks.
The New York Stock Exchange said Friday it might move its primary data center out of its current home in New Jersey if the state legislature implements a proposed new tax on financial transactions processed in the Garden State.
Change Financial, a U.S. fintech listed on the Australian Securities Exchange, will buy Wirecard’s assets in Australia and New Zealand through a deal intended to boost profits and global reach.
U.S. payment company Square invited crypto-asset developers and companies to join its new Crypto Open Patent Alliance, intended to promote innovation by preventing members from hoarding patents or suing others in bad faith.
American Express has hired Colleen Taylor as president of its merchant services division in the U.S., a newly created role that manages the relationships with millions of merchants that accept the payment network's card.