BROOKFIELD, Wis. - (11/17/05) -- Fiserv introduced a prepaid giftcard product suite Wednesday that can be used by credit unions andbanks of every size. The suite includes an off-the-shelf turnkeysolution that allows credit unions and banks to offer a completeVisa or MasterCard gift card program that can be live within weeks.Participating institutions act only as card resellers, therebyeliminating the risk and operational overhead.
Federal Reserve Gov. Michael Barr said in a speech Tuesday afternoon that he wants to see a durable and reliable reduction in consumer price inflation before he considers cutting the central bank's interest rates.
B2 Bank in Minnesota, which recently exited a regulatory action in connection with its banking-as-a-service business, announced the hires of a new CEO and two other senior executives.
The company's investment advisory subsidiary was dinged for failing to properly disclose that its allocation of certain client assets represented a conflict of interest.
Western Union CEO Devin McGranahan said at the Digital Asset Summit in New York that stablecoins were a great way to earn float revenue on money moving through its network. But the possibilities didn't end there.
The payment firm's P2P app, which has only been available in the U.S., will provide a new lane for remittances and other cross-border payments.
Capital One's Andy Ozment urges banks to break down internal silos and implement rigorous checks to catch nation-state impostors hiding in remote roles.
