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It’s too early to measure the market effect of New York City's contactless transit payment acceptance pilot launched barely a month ago, but many merchants in the immediate area may not be ready if demand spikes.
July 3
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Seamless transactions are the key to engaging and holding onto consumers, says Tim Tynan, CEO of Bank of America Merchant Services.
July 3
Bank of America Merchant Services -
Gregory St. Angelo was part of a loan and tax credits scheme with other senior executives that funneled him more than $50 million, federal prosecutors said.
July 2
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New York Attorney General Letitia James said there is “no basis to believe” that the overdraft rule has harmed small banks and credits unions.
July 2
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As policymakers mull ways to update the 42-year-old Community Reinvestment Act, economists at the San Francisco Fed have put forth a novel proposal.
July 2
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The CFPB did not file any fair-lending enforcement actions in the 2018 fiscal year and did not refer any Equal Credit Opportunity Act violations to the Department of Justice.
July 2
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Alexander Lopatine, who founded Nymbus and has joined Mbanq, says alternative providers are gaining the confidence of more banks. However, questions remain about their staying power in the fight with traditional vendors.
July 2
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Payoneer, which developed a platform to facilitate cross-border payments, hired FT Partners to explore options for expansion, including a private funding round, according to a person familiar with the matter.
July 2 -
Shares in the U.K.-based small-business lender fell 29% Tuesday after it sought to recalibrate expectations about its growth trajectory. So far, the company has pulled back lending more in the U.S. than in its other markets.
July 2
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It took the Brooklyn-based credit union 15 years to double its assets from $1 billion.
July 2
