MOUNTAIN VIEW, Calif. - (11/01/05) -- Google is expected to unveil anonline payment system as soon as the next few weeks in order totake advantage of holiday spending season. The payments system, tobe called Google Wallet, will allow consumers to pay merchantsonline from their own credit union or bank accounts without using acredit card. The company has been piloting the system for the pastsix months. It is not clear whether Google Wallet will alsofacilitate person-to-person transfers. The online payment system isexpected to be part of a comprehensive strategy by the Internetsearch engine that will include the subsequent launch of an onlineclassified and selling service, similar to the one offered byeBay.
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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.
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The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.
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Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
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The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
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In the inaugural iteration of American Banker's news quiz, test your knowledge on top articles covering the legal battles of the Consumer Financial Protection Bureau, new technology testing at JPMorgan Chase, earnings season and more.
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To build their executive presence in meetings and on video calls, junior employees should embrace flexible schedules — and possibly media training, Michelle Young of Worldpay and Anna Greenwald of MoneyGram International said at American Banker's Payments Forum.
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