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Process would protect taxpayers from bailing out failed banks; bank plans to raze its midtown Manhattan headquarters and build a 2.5 million sq. ft. edifice on the site.
February 22
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The information you need to start your day, from PaymentsSource and around the Web. Today: Venezuela's virtual currency debuts; Crowdsourcing for Square readers in Boston; Tinder's security gap; Samsung Pay gains ground in Australia.
February 22
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By failing to protect their customers’ data, financial institutions and others in the payments ecosystem are risking trust, the most important currency they have, writes David Barnhardt, executive vice president of product at GIACT.
February 22
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Even in 2018, when mobile commerce and mobile point of sale are commonplace, fintechs are able to find plenty of niches stuck in the past.
February 22
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The Chicago bank is denying a report that its CEO, Steve Calk, made $16 million in mortgage loans to former Trump campaign chairman Paul Manafort in exchange for a job in the White House.
February 21
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The prepaid card issuer has bounced back from the hit it took after discontinuing a product that proved to be popular with fraudsters.
February 21
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Deutsche Bank on Wednesday became the first large bank to announce a wholesale relocation of client business out of the U.K., but B of A has extended the lease on its London headquarters, and Northern Trust is searching for a new lease in the city.
February 21
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A community group has secured a grant from the W.K. Kellogg Foundation to probe banks’ small-business lending practices. It follows a 2017 pilot study in which the group found that white shoppers posing as business owners were three times more likely to be invited for follow-up appointments than their black counterparts and twice as likely to be offered help in completing loan applications.
February 21
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From collecting backpacks for kids to increasing branch access for members and providing scholarship opportunities for deserving students, here's another round-up of how credit unions are giving back.
February 21
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The Treasury Department struck a middle ground in recommendations for Dodd-Frank Act wind-down powers, resisting calls to repeal those powers but still addressing concerns that they are too generous to large firms.
February 21
