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During his 18-year run at Visa driving innovation and strategic partnerships, one of Jim McCarthy’s frustrations was seeing how long it sometimes takes for financial institutions and issuers to embrace new technology.

The U.K. Supreme Court has rejected Mastercard’s attempt to force individual lawsuits over claims the card brand overcharged consumers and negatively impacted competition for more than a decade.

The agency's principals are scheduled to meet Dec. 15 to vote on a new definition for brokered deposits and on regulatory standards for industrial bank parents.

Mastercard said it won’t allow its cards to be used on Pornhub.com after the network’s review of the website uncovered unlawful content, and rival Visa is suspending acceptance of its cards on the site pending completion of its own investigation.

Omnichannel models and self-ordering kiosks will be key to linking online ease with the in-store experience, and fundamental to making stores safer and more efficient during the pandemic and beyond, says TouchSuite's Sam Zietz.

The credit union regulator's monthly meeting will cover the agency's budget proposal and subordinated debt, among other items, along with taking another shot at an overdraft proposal that was rejected earlier this year.

Payment technology developer MyPINPAD has upgraded its point-of-sale app to allow merchants to accept and authorize contactless payments through a consumer mobile device — and to potentially provide a less expensive option for PIN transactions for smaller merchants.

The head of the House Financial Services Committee is already exerting influence by handing the president-elect a laundry list of Trump regulatory policies that she wants the incoming administration to reverse.

BitPay and Paxos are only the latest digital currency companies to pursue a national charter from the Office of the Comptroller of the Currency.

The consumer bureau's revamp of criteria for "qualified mortgages," a special regulatory class of loans free from liability, emphasizes pricing instead of a borrower's debt-to-income ratio.

Time and again, Janet Yellen has warned Wall Street is piling a dangerous amount of debt onto the balance sheets of risky U.S. businesses. But as she prepares to take over as Treasury secretary, she may find it difficult to do anything quickly to rein in these markets, experts say.

Bank of America has launched a cross-border payment tracker through its Swift GPI module that allows clients real-time visibility into their international payments.

The incoming Biden administration must take steps to block mergers that could create monopolies, such as Visa's pending acquisition of a competitor.

“If you get your credit decisions right and you manage fraud well, you can run a very efficient bank. That’s an area where AI is very applicable,” Toronto-Dominion Bank's chief AI officer says.

As a way to help small businesses maintain COVID-19 social distancing measures, Judopay is using a longer-range QR code that removes the need for any interaction at a point of sale device.

Citigroup is following up on a September promise to help these minority depository institutions finance as much as $50 million in affordable multifamily rental housing.

Travel has declined dramatically during the past year, but buy now, pay later firm Uplift contends there's a vigorous recovery on the horizon, adding Air Canada to its client roster.

Doing business online certainly isn’t new, but the pandemic prompted even businesses that hadn’t fully committed to the e-commerce space to shift some or all of their traditional operations online, says JotForm's Aytekin Tank.

The company’s noninterest expenses are expected to rise more than $500 million next year, largely because of a revamp of risk management and internal controls mandated by regulators.

This is the second new job this year for Gallagher, who will remain in her current role as chief conduct and control officer until a replacement is found.