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Cryptocurrency rally enabled the company's Cash App to generate the bulk of its revenue.
May 6
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It's "powerful … to be able to use the word ‘bank’ in our marketing because we are a legitimate financial institution," CEO Dan Henry said Wednesday. Its rival Chime recently agreed to stop referring to itself as a bank in a settlement with California regulators.
May 6
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It's "powerful … to be able to use the word ‘bank’ in our marketing because we are a legitimate financial institution," CEO Dan Henry said Wednesday. Its rival Chime recently agreed to stop referring to itself as a bank in a settlement with California regulators.
May 6 -
FIS is planning to follow the integration of its Worldpay acquisition by adding hundreds of new sales people to bring the combined companies' technology to a wider market.
May 6 -
Fintech companies in Africa raised more capital despite the COVID-19 pandemic, standing in contrast to their emerging-market peers such as Latin America that saw a decline.
May 6
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The probe is the latest example of the consumer bureau scrutinizing sales tactics at big banks following the Wells Fargo fake-accounts scandal. U.S. Bancorp said it is cooperating fully.
May 6
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PayPal, Square and other companies are building multipurpose apps that can access traditional bank accounts — or make them obsolete.
May 6
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PayPal, Square and other companies are building multipurpose apps that can access traditional bank accounts — or make them obsolete.
May 6 -
Wall Street firms have urged the Biden administration to ease the industry’s burden in complying with a flood of financial sanctions the U.S. has levied in recent years as a primary tool of foreign policy toward Russia, China, Iran and other adversaries.
May 6
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About 13% of Pacific Mercantile Bancorp's loans are tied to high-risk sectors such as entertainment and food services. The company must build shareholders' equity or its loan-loss allowance above last year's levels to make sure the sale goes through.
May 6
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Magecart attacks, which target e-commerce websites in order to steal personal data during the checkout process, are picking up steam with cyber attackers, says PermeterX's Ameet Naik.
May 6PerimeterX -
Organizations representing banks and other financial services firms said implementing the Office of the Comptroller of the Currency's overhaul of the Community Reinvestment Act could be wasteful as regulators discuss a new interagency plan to modernize the law.
May 6
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The Biden administration may finally be close to naming an acting comptroller of the currency. Whoever gets the interim job or is confirmed to run the agency over the longer term will have a lengthy to-do list, from Community Reinvestment Act reform to deciding the fate of divisive Trump-era rules.
May 6
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Some of the lenders are demanding immediate repayment as SEC chair prepares to address the issue; the company plans to use its acquisition of BitGo to compete against traditional banks.
May 6
