Shift4 Payments Inc. early Monday gave cryptocurrency a big shot in the arm as a payment option with the announcement it will support digital currencies across its merchant network.   Shift4 will support coins including Bitcoin, Ethereum, and Solana SOL, as well as  US Dollar Coin and other major stablecoins, …

Mastercard Inc. announced early Friday it is expanding its Installments payments program to all eligible digital points of sale within its network in the United States. The expansion will enable merchants, financial service providers, payment processors, and digital-wallet providers to present installment offers to consumers through any eligible credit card …

While the Consumer Financial Protection Bureau is being sued over its data-privacy rule, merchants remain optimistic the regulation will help them reduce the impact of swipe fees by making account-to-account payments widely available at the point of sale. The key is open banking, which paves the way to developing payment …

No sooner had the Consumer Financial Protection Bureau released its personal financial data rights rule Tuesday than the rule was legally challenged by the banking industry. The lawsuit, filed late Tuesday by the Bank Policy Institute and the Kentucky Bankers Association, alleges the CFPB has overstepped its bounds by issuing …

The Consumer Financial Protection Bureau has finalized its personal financial data-rights rule aimed at governing the sharing of consumer data through open banking. The new rule, released early Tuesday, will require financial institutions, credit card issuers, and other financial providers to share data at a consumer’s direction with companies offering …

Real-time payments network Thunes Ltd. announced early Monday its connection to Swift, the Brussels-based international financial-messaging network, will enable financial institutions to support the sending and receiving of money to and from more than 3 million mobile wallets globally. Using Thunes’s Direct Global Network, which covers 130 countries and 80 …

Despite the number of data breaches during the third-quarter of 2024 declining 8% from the previous quarter, criminals are better armed than ever for carrying out these nefarious attacks, according to the Identity Theft Resource Center. One factor making it easier for criminals to initiate a data breach is the emergence …

Zelle, the peer-to-peer payment network operated by Early Warning Services LLC, announced early Thursday that consumers and small businesses sent $481 billion dollars over the network during the first half of 2024, a 28% increase from the same period a year ago. Zelle users sent $1.8 million per minute, $110 million …

The risk exposure to businesses from synthetic identity fraud totaled $3.2 billion during the first half of 2024—an all-time high, and up from $3 billion during the same period a year ago, says TransUnions’s “H2 2024 Update” to its State of Omnichannel Fraud Report. Criminals actively used synthetic identities to …

Tyfone Inc., a provider of consumer and commercial digital banking services for community banks and credit unions, has launched Payfinia Inc., a separate company that provides real-time payments technology. Payfinia’s flagship product will be the Instant Payment Xchange (IPX), which provides consumers with the ability make an account-to-account payment using …