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Fiserv has announced that Raj Seshadri, senior strategic advisor to the CEO of Mastercard, will join Fiserv’s board of directors and enhance its collective expertise around uniting commerce and finance. She will join the board Nov. 30. Seshadri has been with Mastercard for more…

Commercial loans can take weeks to close, and Pennsylvania-based Customers Bank put its typical wait at 30 to 60 days. A pilot of its artificial intelligence (AI)-powered process closed select commercial loans in seven days, the bank said in July in its Q2 earnings release.…

Polygon has completed its acquisition of Coinme, making Polygon Open Money Stack a U.S.-regulated payments platform, the company said in an Oct. 14 blog post. “This is a huge step for Polygon,” the company said in the post. “We’ve spent years building infrastructure that moves…

FinTech company Sezzle has begun the formal charter application process to establish a national bank that would offer a broad range of banking products and services, the company said in a Thursday (Oct. 22) press release. Sezzle filed applications with the Office of the…

European eInvoicing mandates seek to standardize how businesses deliver the information used to approve and collect payments. Invoice amounts, tax details and transaction references enter defined fields that accounting software reads and processes, establishing a common basis…

The world economy is entering a dangerous period, but a Great Depression-style collapse is still a remote possibility. A prolonged economic slowdown, further stock-market corrections, and a potential recession in some major economies are much more credible risks. What’s more…

RBC Ranks Highest for Small Business Banking Customer Satisfaction Canada’s five big banks are delivering stronger digital banking experiences for small businesses, helping lift overall satisfaction four points year-over-year to 656 (on a 1,000-point scale), according to the…

Cross-border payments firm LianLian Global’s social commerce, marketplace and eCommerce clients can now send payouts to PayPal accounts globally and Venmo accounts in the United States, the company said in a Thursday (Oct. 22) press release. The capabilities are enabled by…

As of Friday, 22 companies had filed objections as part of the joint venture’s proposed tokenized stock platform under the SEC’s innovation exemption.

Bitcoin Magazine NY Seeks $1.37 Billion Judgment Against Operators of NovaTech Crypto Ponzi Scheme Two successive crypto frauds took investors for more than $1.1 billion. Now New York's attorney general is asking a court to make the operators pay it back—with interest. This post…

Bitcoin Magazine Blockstream Launches Institutional Consulting Services, Opens Lugano Office Blockstream will offer its engineering expertise to banks and asset managers from a new Swiss base. This post Blockstream Launches Institutional Consulting Services, Opens Lugano Office…

Days before Israel’s election, Netanyahu said he has asked for a blockchain plan in case banks are hit with sanctions, and told Israelis to prepare for a rainy day after Trump.

The US tax agency is targeting faster resolutions and more flexible payment options for taxpayers voluntarily disclosing past tax violations under a planned program overhaul.

Cognitive Credit, a provider of specialist data, infrastructure and artificial intelligence solutions for global corporate credit markets, secured a $40 million strategic growth investment to accelerate its commercial expansion in the United States and build its next generation…

Rebill, the Argentine payment infrastructure company, announced the closing of a USD 5.4 million pre-Series A funding round, bringing its total funding to more than USD 9 million since its founding in 2020.

Sen. Richard Blumenthal demanded Tether’s records on payments to Nxum, a firm co-owned by former White House crypto adviser Bo Hines.

Businesses use payments timing as a factor in their cash forecasts. A buyer sends money before an invoice deadline, while the supplier waits for money already committed to payroll, inventory or another bill. Shortening that interval gives both parties greater certainty about…

HSBC has launched its first stablecoin, HSBC RedCoin (RCHKD), in Hong Kong, saying in a Friday (Oct. 23) press release that it is built for everyday payments and transactions. HSBC RedCoin is licensed and regulated by the Hong Kong Monetary Authority (HKMA), is Hong Kong dollar…

Bankjoy, a leading provider of digital banking solutions for community financial institutions, today announced that TEN Credit Union (TENCU), a Nashville-based credit union founded in 1950, has selected Bankjoy as its digital banking platform.

SpaceX’s latest 10-Q filing quietly confirms any Tesla combination requires sign-off from its “controlling shareholder.”

Artificial intelligence (AI) shopping agents could make it easier for consumers to compare products and complete purchases, but they may not change where shoppers spend their money. Even when an autonomous AI assistant can purchase the same product from competing merchants at…

Xsolla's self-serve Co-Marketing Campaigns tool lets payment providers run cashback and promotional deals directly with video game developers.

TD Bank U.S. and data network Akoya are collaborating to help financial apps and data providers connect to TD through secure APIs, the companies said in a Tuesday (Oct. 20) press release. The companies will accomplish this by deploying Akoya’s Open Finance Solution (OFS), which…

The regulator's Division of Examinations named "super intelligence and other advanced technologies" as a focus area alongside tokenization risks.

The blockchain suspended its layer-1 network and rollups after security researchers identified unauthorized token minting and millions in assets transferred to Ethereum.

The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today announced the publication of Operational Considerations for Non-Value Messages, a new guide developed by the FPC Operational…