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Facebook’s cryptocurrency pilot highlights just how important it is for regulators and banks to figure out where they land in the emerging monetary digital age.
July 3
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Credit unions can reduce concentration risk and free up funding for new loans though participations but many institutions are hesitant about the process.
July 3
LoanStreet -
What Facebook really needs is another heavyweight like Amazon or Google to help spur cryptocurrency competition.
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
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
