Though the technology is still nascent, banks need to prepare now.
In response to market uncertainty, PayPal is pushing further into checkout to grow its in-store traction.
Wall Street’s biggest banks are likely to suffer from the slowdown in M&A, shrinking profits, and could set aside $4.5B to cover bad debt losses.
Colassano noted similarities between TCH’s RTP network pricing and FedNow’s and discussed real-time payment innovations.
The global economic downturn is putting pressure on FIs around the world. In the UK, firms are turning to tech and hiring to weather the storm.
Director Rohit Chopra said he’s looking into issues like P2P payments fraud, which could lead to stricter regulation down the road.
While many US adults report not using cash most weeks, just how much cash you use depends on who you are.
Railsr has become the latest embedded finance firm to raise money, netting $46M.
He wants to create the US version of WeChat. Twitter can help him do this, but there could be regulatory hurdles ahead.
The neobank is reportedly on the verge of a $100M raise ahead of a planned IPO.
The asset manager’s renamed division will be charged with managing critics from the political left and right.
US consumers lost an estimated $440 million in Zelle fraud and scams, and Sen. Elizabeth Warren wants regulators to take action.
Geico’s marketing layoffs should worry advertisers: The ad industry is unprepared for consumers’ shift to digital channels, and marketers are rethinking everything.
We look at how the tanking pound and growing economic uncertainty are affecting UK banks.
Advanced Insights helps restaurants optimize their businesses by identifying sales trends and offering targeted operational recommendations.
Next year, the Fed will run a pilot with six banks to inform management of climate-related financial risk. Europe has already done this, suggesting it may become the new norm.
Mastercard will help Inswitch offer payment solutions and issuing programs to businesses in the region.
A Fed official has suggested updating bank merger rules that account for the proliferation of fintechs and nonbank entities in the banking system.
The Payment Systems Regulator’s proposal could restore trust in P2P payments and mobile wallets—and could serve as a model for US regulators.
Eight banks and three other FIs will pay a combined $1.8B for their message retention failures, highlighting the need for better tech tools at work.