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The card network is working with new partners such as FIS and Moneris to connect banks, fintechs and merchants on its Visa Installments Solution platform. Its goal is to provide access to a broader spectrum of consumers than these companies can reach in one-off deals, CEO Al Kelly said.
October 27 -
The recent order by Director Rohit Chopra — issued just days after he was sworn in — demanding that Amazon, Facebook and others hand over information about their payments products is being interpreted as a sign that the consumer bureau wants to take a more active role in regulating the tech giants.
October 26 -
The California bank sued a former executive for allegedly taking trade secrets and using them to build a rival fintech. A recent interim ruling frees Aeldra Financial to move ahead with fundraising while the case continues.
October 26 -
These venture capital firms are investing in young companies that could help small financial institutions meet their growing technology needs.
October 26 -
The agency said the risk management program for Cenlar FSB, which performs servicing functions for financial institution clients, was inadequate for the bank's size.
October 26 -
Brett Noll was most recently CEO of Securityplus Federal Credit Union in Baltimore.
October 26 -
Both Florida State University Credit Union and Florida Department of Transportation Credit Union are based in Tallahassee.
October 26 -
The partnership — combining one of the biggest buy now/pay later lenders with one of the major digital payment companies — gives merchants a compelling new offering that could enable Klarna to take wallet share away from traditional card issuers.
October 26 -
Goldman Sachs Group, in an effort to win more deposits and build out its transaction banking segment, is offering companies slightly higher interest on their accounts if they meet environmental or other socially responsible goals.
October 26 -
Through the Excelsior Linked Deposit Program, participating institutions can offer financing to consumers at a recuced interest rate.
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