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The information you need to start your day, from PaymentsSource and around the Web: Face ID fare payments; Amex's business model; MoviePass' leadership woes; and more.

The days of odd emails are gone. Phishing has become a complex big business for crooks, according to Rafael Lourenco, an executive vice president at ClearSale.

Jack Henry & Associates has overcome an obstacle that delayed banks and credit union integration with Zelle, with a hub to streamline the onboarding process. But the new system’s first bank doesn’t go live until May, and the hub won’t hit full stride until next year.

It was a 5.7% raise from the previous year. His total compensation was the smallest among the CEOs of the six biggest U.S. financial institutions, but his salary was the largest.

Leading investors say too many traditional financial institutions, out of their depth in fintech investment, end up imposing controls that slow down otherwise nimble young companies.

After more than two years of successful operation in delivering Same-Day ACH payments, Nacha's request to add a third processing window has been delayed by the Federal Reserve, which says it has to obtain public comment on the concept.

The 2020 presidential hopeful removed the contentious provision from a previous version of the bill that had won praise from bankers but sparked fierce opposition from credit unions.

J. Mark McWatters, chairman of NCUA, and Rick Metsger, a board member, also said that Congress should give the agency more authority over field of membership for underserved areas.

If there is renewed interest in a proposal to restrict incentive-based plans, that isn’t enough to overcome obstacles that have hindered the rulemaking for so long.

Merchants are often the last in the payments ecosystem to know when card fraud occurs, and their losses tend to escalate in the meantime.