Penny Crosman is Executive Editor, Technology at American Banker and its publisher, Arizent. Prior to taking on this role, she was Editor in Chief of Bank Technology News. She has held senior editorial roles at Bank Systems & Technology, Wall Street & Technology, Intelligent Enterprise, Network Magazine and Imaging Magazine.
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"It's on-demand capital for us," Optus Bank's CEO says of the payment company's deposit. The funds are part of PayPal's broader effort to confront race and income inequality.
August 26 -
The bank will outsource future development of Quorum to the software firm.
August 25 -
The former SoFi chief’s latest startup, Figure, has created what it says is a transparent marketplace for buying and selling assets. Some banks have embraced the technology, but other blockchain projects have stalled because lenders don't want rivals to see their data.
August 25 -
T-Mobile Money is now being offered to the 150 million customers of the combined wireless carriers, which merged this spring.
August 24 -
T-Mobile Money is now being offered to the 150 million customers of the combined wireless carriers, which merged this spring.
August 24 -
Meredith Fuchs, formerly the top lawyer at the Consumer Financial Protection Bureau, says data aggregators like Plaid "have matured." She will help the company prepare for new data-sharing rules and its pending sale to Visa.
August 20 -
Meredith Fuchs, formerly the top lawyer at the Consumer Financial Protection Bureau, says data aggregators like Plaid "have matured." She will help the company prepare for new data-sharing rules and its pending sale to Visa.
August 20 -
Dozens of suspects were reportedly arrested for allegedly using prepaid cards to illegally withdraw large sums of cash.
August 19 -
Reports say dozens of suspects were arrested on charges of using prepaid cards to illegally withdraw large sums of cash.
August 19 -
An internally built system called Advanced Listening analyzes phone calls, emails, text messages and more, identifying possible compliance violations, systemic issues and opportunities to improve processes, products and customer service.
August 19
