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What Facebook really needs is another heavyweight like Amazon or Google to help spur cryptocurrency competition.
July 3
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Christopher Waller is a conventional choice drawn from within the Fed’s own ranks. Judy Shelton has spent decades outside mainstream economics. But both are expected to echo the president’s call for lowering interest rates.
July 3
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The president says he’ll nominate Judy Shelton, Christopher Waller for Fed; the bank reportedly in talks to sell parts of its “once prized” equities business.
July 3
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The information you need to start your day, from PaymentsSource and around the Web. Today: QR codes for education payments; Tencent and Paytm mull investment in streaming service; Dutch ministers call for cash removal; Retailers lobby against Amazon and Google; FIS adds job board tech.
July 3
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Only one CU in West Virginia wants to enter the pot banking space, but they're going against the grain not just of the state's credit union league but an industry where fewer than 1% of institutions are serving that market.
July 3
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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
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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
