First Citizens Bank & Trust Co. reached an agreement with the Federal Deposit Insurance Corp. to buy Silicon Valley Bridge Bank after a competitive bidding process. Terms include FCB’s assumption of $110 billion in assets, $56 billion in deposits, and $72 billion in loans. Starting Monday, the 17 SVB branches will operate as …

Tassat Group Inc., a provider of real-time business-to-business payments based on blockchain technology, said its client-facing application programming interface enables an “on-ramp” to FedNow, the Federal Reserve’s real-time payments service, which is expected to begin commercial service in July. Liquidity Financial launched CauseCard, a Visa-branded debit card with a connected app …

Whatever it is, seven big banks hope consumers will prefer their new app instead—which has no name and about which there are few details. The seven big banks that own Early Warning Services LLC—operator of the Zelle payments network—are hoping they can make inroads with a new digital wallet. It’s …

Point-of-sale technology provider Ingenico is working with buy now, pay later specialist Splitit to offer BNPL at the physical checkout using Ingenico’s payments-platform-as-a-service technology. Block Inc.’s Afterpay buy now, pay later service said it will enable access for users to New York Fashion Week beginning Feb. 11 and running for four days. Afterpay is …

Banking and payments professionals should watch for action from the Consumer Financial Protection Bureau on key areas such as open banking, credit card late fees, fintech partnerships, and buy now, pay later plans, warns Strategic Resource Management, a consulting firm. American Express Co. released its American Express Business Blueprint, a digital cash flow management service …

ACI Worldwide Inc. early Tuesday announced it is offering a real-time payments service to U.S. merchants and launched a platform to ease acceptance of digital wallets for merchants in more than 70 countries. ACI Instant Pay is aimed at easing acceptance of online and mobile transactions, as well as payments …

You might think a fledgling payments network that launched in July with 35 participating financial institutions and within less than six months had multiplied that number nearly tenfold could be considered at least a tentative success. Granted, there’s a long way to go for the Federal Reserve’s FedNow real-time payments …

Payments-technology provider Finastra said Mechanics Cooperative Bank, a financial institution with $645 million in assets, has adopted the Finastra Payments To Go platform to offer real-time payments via The Clearing House Payments Co. LLC and later through the Federal Reserve’s FedNow network. Digital-security provider IronVest Inc. launched what it calls a “super app” for …

As the market for real-time payments continues to develop in the United States—and as the Federal Reserve prepares for a commercial launch of its own real-time network next year—the race is on to capture market share. There are a number of contenders, but one clear frontrunner is The Clearing House …

As clients of payment gateways turn to them for more than connectivity to multiple processors, choosing a gateway becomes more complex. The 2022 edition of The Strawhecker Group’s Payment Gateway Directory hopes to help with that, even as gateways’ role expands. Payment gateways are a key driver in the payments …