The iOS technology enables payments without requiring merchants to add extra hardware. The card network is embedding the option into a broader suite of merchant technology to bolster its services strategy amid competition from Mastercard and fintechs like Block and Stripe.
Banks are using emotion AI, which picks up subtle signals over text, audio and video, to help their customer service agents do their jobs better.
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The government's instant processing rail hopes to enable new use cases, while Klarna adds to its network.
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New self-regulatory guidelines for credit cards and checking accounts are arriving at a time of deregulation in Washington, D.C.
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The card network's moves include supporting coins from Fiserv, PayPal and others; and offering services to what's expected to be a fast-growing industry.
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When a tweet drew backlash from customers and politicians on Monday, it brought into question how banks should couch their messages on social media.
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Making donations for a variety of causes and teaching Boy Scouts about coins are just some of the ways credit unions are helping out in their communities.
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Project 2025, a new venture from the Children's Miracle Network's Credit Unions for Kids program, has tapped 10 young credit union leaders to envision how the industry can improve its corporate giving.
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The mortgage market is reeling from the central bank's strategy of raising rates and reducing its holdings of mortgage-backed securities. Lenders face the worst headwinds in more than a decade.
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Loan officers say that the platform discourages them from originating loans.
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The settlement with an insurer over Countrywide's mortgage-backed securities closes another chapter on what quickly proved to be an ill-advised acquisition for Bank of America. A trial on the case had kicked off last month.
Some fintechs argue that banks are selectively working with only certain third parties in sharing information and violating the spirit of the CFPB’s data-sharing principles.
Cincinnati-based First Financial scooped up Westfield Bank near Cleveland after Westfield's parent company decided to exit the bank space and focus on its core insurance business.
The Office of Management and Budget issued reduction in force notices to Treasury staff working in the Community Development Financial Institution office Friday, saying that the layoffs are necessary to "implement the abolishment" of the fund.
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Banks have favored the low-regulation vision of former President Donald Trump in the 2024 election, but his victory could imperil institutions and norms that banks rely on. Vice President Kamala Harris is more likely to preserve the status quo — including the Biden regulatory agenda.
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The Greenhouse Gas Reduction Fund, a major element of the IRA, provides a critical opportunity for banks to integrate green finance into their core strategies.
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It is nonsensical for the government to sue one of the leading lenders in an underserved minority community as a means of encouraging more lending in that community.
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The support from the stablecoin provider follows a string of tech firm acquisitions as Anchorage Digital broadens its crypto services.
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Treasury Secretary Scott Bessent appeared to urge the crypto industry to deal with bankers in the yield stablecoin issue during his regular testimony in the Senate Banking Committee Thursday.
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The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
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American Banker's 2026 Predictions report finds that nonbank entities and check fraud are major threats to local banks in the coming months.
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Mortgage rates edged higher after the Fed held rates steady, with markets weighing political shifts, Treasury moves and mixed signals on where borrowing costs head next.
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This month, Bank of America plans to unveil new incentives for cardholders with higher account balances. Reworking the rewards program is one lever the firm is pulling in its effort to lift the annual profit of the consumer unit to $20 billion by the end of the decade.
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Prosecutors claim the Forbes 30 Under 30 honoree maintained two sets of books to hide Kalder's actual revenue of just $60,000.
The buy now, pay later lender is carving out a lane for itself with exclusive deals with Intuit's Quickbooks Payments and Expedia's websites. It also will be the default BNPL provider for Bolt's one-click checkout.
The 23rd annual ranking of women leaders in the banking industry.
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