Joey Pizzolato

has acquired the payments platform Salucro Healthcare Solutions for an undisclosed amount as the bank puts greater emphasis on its health care business.

A neobank is slowing down payment speed to protect its customers from financial crimes, even as other banks and financial institutions are scrambling to reduce friction in the payments process.

The Most Influential Women in Payments: Next honors women 40 years old and younger who are making a major impact on their businesses, inspiring colleagues and changing the industry early in their careers. The award is a complement to American Banker's yearly

The Consumer Financial Protection Bureau said charges for cash-back services are contributing to the lack of access to finance in underserved areas.

The Swedish financial institution reports generative artificial intelligence will enable the company to lower headcount, while a digital payment rail is improving the financial performance at Walmart's PhonePe unit.

Shares of company Affirm rose more than 30% Thursday following fresh profitability guidance and better-than-expected earnings results for its 2024 fiscal fourth quarter.

The payments platform is preparing for expansion to a market that has a fast-growing real-time transaction rail, making the country a hot spot for international investment.

Consumers have become accustomed to ordering, paying for and receiving their goods within 48 hours, but the payments to move those same goods or

he card brands and tech giants are expanding their payments reach in one of the world's largest markets, while facing a multi-billion-dollar class action complaint by British businesses over fees. That and more in American Banker's weekly global roundup.

As smartphone payments become more popular, EMVco is offering a test for the supporting Near Field Communication technology that supports the inexpensive payment option.