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An e-wallet in development would give tech companies the ability to provide millions of customers virtual bank accounts and to offer perks such as car loans or discounts on home rentals to those who keep money stashed there.November 6
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Large tech companies have been driving home the message that they can help the many Americans who struggle financially. But there are good reasons to be skeptical of their intentions.November 3
Executive Editor, TechnologyAmerican Banker
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Treasury secretary says regulators could look to help ease liquidity logjam in money markets; workers will get special bonuses for the third straight year.October 30
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Uber launched a series of financial services to provide real-time wage payments and enhanced account features in a single app, seemingly putting Uber in the role of a digital bank.October 28
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Apple is expanding the list of merchants where Apple Card users may earn 3% cash back, starting with Uber.August 20
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Many people still distrust banks, but many also look askance at the social media giant, making it an unlikely savior of the unbanked.June 18
Technology EditorAmerican Banker and Financial Planning
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The ride-sharing heavyweights Uber and Grab built their markets by making payments seamless, and their expansion plans are similarly hooked into improving payments and other financial services.June 11
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Uber Technologies Inc. is going nationwide with a program that helps those without a car — or the financial means to get one — drive for the ride-hailing giant.May 30
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The payout resolves a 2017 complaint filed by a male employee who alleged the bank’s parental leave policy was biased against dads.May 30
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Criminals are inventing new ways to hide dirty money amid transactions for digital goods bought and sold on everything from Amazon to game-app sites. Banks need to wake up to the threat, says Ben Duranske, Facebook Payments' former compliance chief.March 5
