John Adams is executive editor of payments for American Banker.
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The bank is enabling early access to direct deposits, an alternative to earned wage access products that are becoming more popular with economic stress on the rise.
October 24 -
Amex affirmed its full-year guidance, though it is also monitoring for changes in consumer behavior.
October 21 -
Facing greater competition from fintechs and an increasingly global economy, BofA has improved its business-to-business capabilities with open banking, 24/7 processing, support for the euro and other features.
October 20 -
In global news this week, India adds digital banking centers, NAB embraces tap-to-pay and JPMorgan Chase shakes up its management in the Asia Pacific region.
October 19 -
The rising value of the U.S. dollar has created higher demand for its use in cross-border e-commerce, just as a joint European/American instant processing project prepares for launch.
October 18 -
By applying its scale and expertise to security and compliance, the card network hopes to provide a comfortable option for cautious financial institutions and consumers.
October 17 -
The London fintech is trying to build name recognition against established competitors like PayPal and Square.
October 14 -
As more Americans live paycheck to paycheck, options for flexible salaries are proliferating, with several companies introducing new ways to for clients to offer payroll.
October 12 -
The payment company spent years integrating and updating products from iZettle, a European fintech it bought in 2019. The product's U.S. launch was drowned out by former PayPal bosses David Marcus and Elon Musk roasting the firm over its planned disinformation policy.
October 11 -
The payment company has added artificial intelligence-driven features that guide businesses' engagement with consumers.
October 10
