With fintechs and legal cases pressuring payment fees, the card companies are leaning more on revenue from other sources.
Regalii has changed its name to arcus and switched from cross-border bill payment to helping banks use tokenization to reissue lost, stolen or breached cards.
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Block's transfer service partnered with fundraising and donor management platform Givebutter for philanthropic payments in an effort to capture even more young consumers' payment volume.
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The bank is selling a bundle of products that enable businesses to store global currencies inside the U.S. in FDIC-insured accounts, lowering foreign exchange risk and reliance on third parties.
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The U.K.-based super app expanded its partnership with Google Cloud as it looks to advance account-to-account payments; Global Payments launches Genius platform in the U.K.; and more in this week's global payments roundup.
Honorees from American Banker's Most Influential Women in Payments discuss spotting tangible uses for innovation, rather than buying into hype.
First internet Bancorp, which has recently been grappling with credit quality issues, has agreed to sell an $869 million portfolio of single tenant commercial real estate loans to Blackstone.
Financial literacy advocate John Hope Bryant has joined with a Los Angeles-based developer in an effort to raise up to $300 million from banks to preserve and construct low-income housing around the country.
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Because of the Consumer Financial Protection Bureau's onerous regulation governing prepaid products, Americans who rely on them as their primary personal banking tool are being denied access to features available to users of similar products, such as checking accounts.
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Everyone should be concerned that the sitting president and his family are using crypto for political advantage and personal financial gain. Democrats can call out crypto grifters while supporting sensible policy.
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Active collaboration, both among fintechs and between the industry and regulators, is the surest route to a future in which compliance obligations address real threats while allowing companies to thrive.
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Bank investors are typically wary of mergers of equals. Kevin Blair, CEO of the newly combined Synovus and Pinnacle, maintains that this deal is different, but also acknowledges that it's now time to prove it.
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Mike Dargan, former chief operations and technology officer for UBS, stepped down at the end of 2025 and will become the CEO of neobank N26 this spring.
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Bank First in Manitowoc, Wisconsin, has completed its acquisition of Centre 1 Bancorp in Beloit; Citi plans to shed its remaining Russian operations; Heritage Financial in Olympia, Washington, has received regulatory approvals to acquire Olympic Bancorp; and more in this week's banking news roundup.
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The lender traps consumers in an "exploitative cycle of debt," Brandon Scott said.
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Following the passage of federal legislation, stablecoins are generating a lot of buzz, but are still seeking uses beyond investment. Payment firms are pushing technology to entice merchants and consumers to support the digital asset.
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The merger of equals, which received a chilly reception from investors when it was announced in July, closed faster than analysts had expected.
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The crypto lender issued over 5,000 loans to residents without a license and failed to assess repayment ability, the DFPI said.
A week after President Trump demanded a 10% cap on credit card interest rates, top executives at big banks protested the idea in blunt terms.
The 23rd annual ranking of women leaders in the banking industry.
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