The acquisition would allow Fiserv network banks to insure larger deposits and could bolster the company's new foray into stablecoins.
The Fed's hotly-anticipated road map outlining plans to speed up the U.S. payment system will call for the creation of several industry-led task forces and recommend building a new infrastructure to facilitate real-time payments.
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It's hard to see FedNow as a revolutionary solution because it's not actually much newer, faster or cheaper in many cases than existing payment services.
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The longtime payments executive plans to maintain the company's alternative pricing as a way to address the growing criticisms of interchange.
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Congress must act to ban nonbanks from issuing stablecoins. The products are virtually equivalent to bank deposits, and should be regulated as such.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
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Haverford Trust Co. prides itself on being a solid, nonflashy institution, one with an emphasis on long relationships and long-term results.
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Morgan Stanley Chairman John Mack, Chief Executive Officer James Gorman and other executives won a dismissal of a shareholder lawsuit filed over $45 billion paid to the firm's employees over three years.
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Bank of America Merrill Lynch announced Monday that it has introduced electronic foreign exchange options trading for institutional and corporate clients.
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Freddie Mac produced modest second-quarter results, reflecting a stabilizing business that CEO Donald Layton compared to a utility company.
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Lawmakers authorized a four-month extension less than a day before the program was set to expire.
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Lawmakers authorized a four-month extension less than a day before the program was set to expire.
Lloyds Banking Group is cutting around 1,600 roles across its branches, part of a push by the lender to provide more services online.
Annualized inflation increased to 2.7% in November from 2.6% the previous month, providing further evidence that the economy remains strong despite restrictive monetary policy.
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Banks could be a better option than payday lenders to meet consumers’ short-term credit needs. But all the OCC’s regulation does is enable partnerships that circumvent state usury laws.
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While a merchant may choose to run a program incorrectly, it is our responsibility as professionals to fully understand what the rules are and communicate the impact if they are not followed, says Clearent's Phil Ricci.
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Merchant service providers need dynamic cybersecurity assessment tools to identify the key areas of risk in their portfolio in near real-time, says ZeroRisk's Neira Jones.
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Skalicky has found new niches, including cannabis-related equipment financing, to grow her community bank.
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As chief credit officer, Chausse oversees credit quality on outstanding loans totaling about $50 billion.
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Kobjerowski has held a variety of positions at FNBO, and said the key to her success is staying curious and constantly learning.
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Stanley oversees 7,000 clients spanning six core businesses worth a combined $14 billion.
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The long-serving CEO's North Star is a commitment and dedication to the community.
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As part of a 10-year growth strategy, Reid is looking to reduce the average age of the bank's customers.
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As President Trump calls for scrapping quarterly earnings reports and switching to a six-month schedule, industry observers wonder whether the time saved would be worth the potential loss of transparency.
The Senate voted 48 to 47 to confirm Stephen Miran to the Federal Reserve Board, just ahead of the central bank's rate setting committee meeting.
The 23rd annual ranking of women leaders in the banking industry.
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