Mobile wallet adoption and usage has changed dramatically in the last 18 months as result of COVID-19 and along with it, so has how consumers pay at point-of-sale (POS) in-store. Join Arizent’s Michael Moeser as he examines the highlights from the new American Banker study called “Mobile wallets find their home in the future of POS” which covers the changes consumers have made in the their payment choices for in-store shopping as well as a how mobile wallets stand to gain from the upcoming introduction of checkout-free shopping in-stores.
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The central bank extended the deadline for comments on Regulation O by one month, to Nov. 4.
October 2 -
The Brazil-based digital bank, which recently launched a U.S. business, submitted an SEC filing to stop the spread of misinformation.
October 2 -
The bank-owned payments company has been developing an interoperable payments network that will allow banks to clear and settle tokenized deposit transactions. It's targeting an early 2027 launch for the network, and is working toward an atomic future thanks to bank demand.
October 2 -
More states are providing funding to community development financial institutions, which are contending with hostility from the Trump administration and challenges from high interest rates.
October 2 -
Chicago-based Northern Trust has started its search for a new CFO as David Fox plans to retire in March; the American Fintech Council has been appointed as an observer on the Conference of State Bank Supervisors' newly formed nonbank industry advisory; Wells Fargo has hired JPMorganChase investment banker David Harkin to advise on technology deals, and more in this week's banking news roundup.
October 2 -
A proposal is meant to ensure advisors can trade client assets on a discretionary basis without triggering onerous custody requirements, while also giving them a self-custody option for crypto.
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