Merchant

The national debit network Interac is working with Payments Canada, which oversees the country's payment system, on an instant payment rail while demand from local shoppers and a need for faster supply chain finance grow more pronounced.

Banks and businesses want a connected system that "just works," regardless of which rail the senders and recipients use. But there is no consensus on how to make that happen.

Morgan Stanley on Thursday disclosed that a data breach at one of its contractors led to the theft of personal information about some customers whose stock accounts had gone dormant.

JPMorgan Chase is cutting the annual fee of its top-tier card while American Express is raising the fee of its own premium card. Both banks hope to win consumers' travel dollars by finding the sweet spot between cost and rewards.

Sam Susser, who built a family business of more than 630 convenience stores in the state, thinks he can find similar success in community banking by courting small commercial clients that larger rivals have outgrown.

Shoppers surveyed in the U.S., U.K. and Australia cited concerns about debt and fees, along with a general lack of knowledge about how installment loans work, as reasons for their skepticism.

Walmart has hired a veteran of American Express to run Walmart+, the membership program it unveiled less than a year ago to counter Amazon.com’s Prime plan.

The hospitality chain and its fintech partner Bakkt are trying to tap into the crypto craze by asking guests if they would prefer the valuable (yet volatile) cryptocurrency over free stays or room upgrades.

The payment company is blending technology from its Swedish subsidiary with other features, such as invoicing, to provide a more robust offering to U.S. merchants.

Building on renewed consumer interest in digital payments, companies such as linked2pay and Pax are making it easier for retailers to add options like ACH and to import shopper data into back-office systems.