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Barclays’ deal with the airline still has three years to run; the Fed chief said the pandemic has exposed the need for speedier cross-border money transfers.

The deal can potentially boost payments on both sides, but also open new avenues such as merchandising and related content, says Kunai's Tarun Bhasin.

The rise in contactless payment options will not only encourage consumers to return to offices and stores, but also enable them to change their payment habits.

Democrats want regulators to actively protect the financial system from losses tied to extreme weather events, while Republicans say climate policy is "beyond the scope" of their mission.

About 2,000 credit unions will receive a disbursement in connection with the failure of three corporates during the financial crisis, but the agency indicated nearly $2 billion in additional payments could be coming.

The legislation easily passed the House in 2019 but was never considered in the Senate. Observers see a more promising path forward this time.

TomoCredit relies strictly on cash-flow data to gauge the creditworthiness of immigrants and young consumers, who often have too little financial history for traditional scoring models.

The Florida bank will expand to the east with its pending purchase of Hillsboro Bank.

The Rhode Island institution's next CEO has led lending operations at nearby Navigant Credit Union since 2017.

Potential central bank digital currencies would need to be integrated into existing payment systems alongside cash and other forms of money, Federal Reserve Chair Jerome Powell said.