In an expanded partnership announced Monday, the card network and payment fintech will enable hundreds of millions of consumers and tens of millions of merchants to use new forms of artificial intelligence for shopping and payments.
U.S. Bank recently updated its mobile app to a system that would allow it to react more quickly to new technology. It's going to need that flexibility now that consumers are complaining about missing features in the latest upgrade.
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The city's pilot program enables asylum seekers to pay for food and baby products — reducing government overhead while introducing newcomers to the local economy.
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Through a partnership with technology firm ServiceNow, the card network is offering ways to reduce banks' cost and complexity of resolving disputed transactions.
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Plaid named Cloudflare's Jen Taylor as its first president as the financial-technology company continues to diversify its products and readies itself for a public listing.
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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ETFs are likely to grab a "significant" share of the 401(k) market in coming years, and TD Ameritrade Trust plans to be part of the equation, according to the company's president.
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Last year was the worst year for bank-sold annuities in the past decade — yet banks' income from the products seems to have defied gravity, posting just a small decline.
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Thomas Soviero unseated Ken Heebner as manager of the best-performing diversified U.S. stock fund over the past 10 years. His secret: Companies with poor credit.
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There's plenty credit unions can do to compete with the likes of Quicken Loans' Rocket Mortgage, but sources cautioned more than technology will be needed to boost the bottom line.
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Senior officials at the OCC, FDIC and Fed signaled they agree more than they disagree on a plan to modernize the Community Reinvestment Act.
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Gateway Mortgage Group’s dream of being a national, diversified financial services player will hinge on its effort to turn a community bank into an online-only platform.
PeoplesBank and Cornerstone Bank entered into an agreement to combine their holding companies in a deal slated to close early in 2025. The banks would continue to operate separately.
With regulatory bills making their way through both houses of Congress, stablecoins could soon play a larger role in the financial system — with important implications for the Treasury market.
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The Biden administration's Property Appraisal and Valuation Equity Task Force is working to eliminate race-based bias in the assessment of home values.
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Financial downturns hit lower-wealth communities first and cause them to suffer the longest.
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Major foreign banks are just as important to the U.S. financial system as large domestic banks, and ought to be regulated as such.
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The McClean, Virginia-based bank said Tuesday that credit quality remained strong in the third quarter, and that it has approved a plan to buy back $16 billion of common stock. It's temporarily tapping the brakes on loan growth as it digests the Discover acquisition.
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At American Banker's Most Powerful Women in Banking Conference in New York City, former Most Powerful Women in Banking honorees said to build skills that you can take with you outside of a big bank, and that banks should reward risk-taking and building over incremental change.
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Bank of America has a playbook for government shutdowns, which includes providing fee and payment waivers as well as loan deferrals and forbearance programs, CEO Brian Moynihan said at the American Bankers Association's annual convention.
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New guidance outlines specific due diligence and oversight steps banks must take, reinforcing that they are ultimately accountable for vendor failures.
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Federal Reserve Gov. Christopher Waller has directed central bank staff to explore the concept of a limited payment account, which would give nonbank entities in the payments space — including crypto firms — access to traditional payment systems.
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Senate Banking Committee Republicans, led by committee chair Tim Scott, R-S.C., introduced a bill that would raise the mandatory reporting threshold for certain currency transactions, a move meant to ease banks' anti-money laundering compliance obligations.
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"We actually see a little bit more strength in the nonprime [consumer]," CFO Brian Wenzel told American Banker.
New research from American Banker finds that most are still hashing out plans for crypto and stablecoins, but a handful have already launched projects.
The 23rd annual ranking of women leaders in the banking industry.
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