The London-based firm is seeking a license that would provide a direct connection between merchants and card networks, reducing reliance on third parties and brandishing the London company's image as a player in America.
Federal Reserve officials suggested that anonymous payments and the technologies powering digital currencies could inform broader plans for reshaping the U.S. payment system.
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Cash remains king, but some credit card customers prefer giving their rewards to nonprofits, so the Minneapolis banking giant has made it a year-round option where it's matching donations dollar for dollar.
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Citi's hiring a global instant payments exec, Australian regulator hits National Australia Bank over fees and more.
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Young, financially fragile bank consumers are more likely to use BNPL, but the popular interest-free products also reach a wide audience, according to research from the Federal Reserve Bank of New York.
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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State Street Global Advisors announced Monday that it has completed its acquisition of Bank of Ireland Asset Management.
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Morningstar Inc. announced Monday that its chief operating officer, Tao Huang, is leaving the company at the end of the month.
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Smartleaf Inc. announced Monday that U.S. Bancorp has chosen it to provide a unified overlay platform for its nonbrokerage wealth management investment relationships managed through the private client reserve and private client group.
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When it comes to attracting millennials, mortgages could be the key to capturing this demographic for the long haul – provided CUs are willing to put in the work.
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As the House Financial Services Committee prepares to hold a hearing Thursday on oversight of the Federal Housing Finance Agency, the exact focus of the hearing remains somewhat in flux.
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The senator’s bill to reform the 40-year-old law and expand housing investments could gain clout as Democrats look to pick up congressional seats and she eyes a presidential run.
The Department of Justice appoints Jonathan Mayer as its first chief AI officer, HTLF's CEO Bruce Lee plans to retire, Wilmington Trust's Doris Meister will step down in May, and more in the weekly banking news roundup.
Experian said it has gone "above and beyond the law" to investigate consumer disputes related to the accuracy of information.
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The government helped the gas pipeline operator recoup some of the funds it paid to cyberthieves, but that's unlikely to happen often. Banks should shore up password security to minimize risk and be willing to reject hackers' demands in the event of a breach.
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The federal government is developing plans to require public companies to notify investors of climate and other environmental, social and governance-related risks. Lenders must take steps to understand the underlying issues and ensure borrowers disclose their own ESG exposures.
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Policymakers need to stop attacking credit bureaus and take action against credit repair firms that use dubious tactics to wipe bad debt from consumers' credit reports. Such schemes both impair banks' ability to accurately underwrite loans and further hurt real victims of identity theft.
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The Brazil-based neobank has 122.7 million customers in three countries and is focused on international expansion.
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The robo-adviser fintech publicly released its S-1 filing on Monday, even as a government shutdown could chill the IPO market.
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The acquisition would allow Fiserv network banks to insure larger deposits and could bolster the company's new foray into stablecoins.
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The bank added an AI assistant to improve business payment tools, a move that comes at the same time that Citigroup and Temenos pushed their strategies for emerging AI at banks.
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Federal Reserve Vice Chair Philip Jefferson said despite the near term cloudiness to economic projections, he does expect inflation to resume its downward trajectory next year and reach the Fed's 2% inflation target in the coming years.
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The Consumer Financial Protection Bureau's union is appealing an appellate panel's ruling that allows acting CFPB Director Russell Vought to fire 90% of the bureau's staff.
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The long-serving CEO's North Star is a commitment and dedication to the community.
As part of a 10-year growth strategy, Reid is looking to reduce the average age of the bank's customers.
The 23rd annual ranking of women leaders in the banking industry.
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