- The Western Union Co. announced it has worked with Du Xiaoman Financial, formerly the China-based fintech Baidu Finance, to launch Western Union international money transfers paid in real time into what the partners say is a majority of bank accounts in China.
- Ternio LLC said it has cut the minimum balance on its BlockCard debit card by 90%, from $100 to $10. The Visa-branded card allows users to spend cryptocurrency at more than 50 million merchants globally.
- Seasonally adjusted consumer revolving credit contracted at an annualized rate of 2.7% in November following a revised annualized increase of 8.8% in October, the Federal Reserve reported.
The release date for the Federal Reserve’s planned FedNow real-time payments service is still three …