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Paul Tomasofsky

Executive director

Paul Tomasofsky is executive director of the Secure Remote Payment Council.

Debit cards

Routing headwinds are the reason for debit networks' lag

The U.S. debit networks have always been strong supporters of open standards created through open, consensus building, says the Secure Remote Payment Council's Paul Tomasofsky.

By Paul Tomasofsky

December 17

TRENDING

Failures

Republic First fails; Fulton Bank acquires assets, branches

The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.

By Kyle Campbell

3h ago
Politics and policy

Custodia to appeal ruling in Fed lawsuit

The Wyoming-based digital asset bank filed paperwork to challenge last month's district court ruling, which affirmed the Federal Reserve's view about its discretion over master account applications.

By Kyle Campbell

8h ago
CFPB

Former CFPB Director Richard Cordray resigns from Education Department

The former head of the Consumer Financial Protection Bureau resigned Friday after the troubled rollout of the Free Application for Federal Student Aid led some House Republicans to call for his resignation.

By Kate Berry

8h ago