MADISON, Wis. - (12/24/04) -- Clout Financial Services said it isnow test-marketing a miniature Visa credit/debit card. Themini-Visa, about half the size of a regular card, can be easilyattached to a key chain, eliminating the need for consumers tocarry a wallet or purse to hold their cards. Clout is initiallymarketing the mini cards to its new credit cardcustomers.
The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
The world's largest stablecoin issuer is preparing to launch USAT, its U.S.-regulated, dollar-backed stablecoin, by the end of the year, Tether CEO Paolo Ardoino told reporters at an event in New York. Bo Hines was also named CEO of USAT.
The AI-powered auto lender is the latest fintech to debut an IPO in recent months, even as a different auto lender filed for bankruptcy this week.
Biometrics for in-store payments are taking off; the next logical step is e-commerce. Here's how that may work.
The Office of the Comptroller of the Currency's recent bulletin warning banks that past debanking actions could affect supervisory reviews is the latest effort to put the president's executive order on debanking into action. But industry sources say the order itself forces banks to choose between pleasing their regulators and taking on unwanted risk.
At a banking conference this week, there was growing optimism that a key regulatory threshold will be raised from $100 billion to $250 billion.
