Airlines and hotel chains are taking advantage of the banking-as-a-service model and favorable debit interchange regulations offered to bank issuers with under $10 billion in assets to bring debit card rewards back to market after they all but disappeared following the so-called Durbin Amendment.
Banks and credit unions are steering away from stablecoins chiefly due to lack of customer demand, per new American Banker research.
-
Acquisition talks fell through in the final hours, according to reports. Also: Visa launched another stablecoin pilot on Visa Direct; the Bank of England seeks input on stablecoin restrictions; and more in this week's global payments roundup.
-
Federal Reserve Gov. Christopher Waller said Wednesday that the central bank will soon issue a request for information on a nascent proposal to offer "skinny" payment accounts to eligible institutions and is aiming to finalize a rule by the fourth quarter of 2026.
-
The founder and CEO of the buy now pay later giant spoke with American Banker about how agentic AI will soon revolutionize the way consumers shop, make purchases and manage their personal finances. That will be accretive for Affirm, especially in a world where agents are making payments on behalf of consumers.
-
Consumers' and merchants' penchant for 0% loans are boosting the buy now/pay later lender in its first fiscal quarter ended Sept. 30, as gross merchandise volume hit a record.
-
The payment and commerce company's stock fell as much as 12% in afterhours trading on Thursday after the fintech missed Wall Street's earnings estimates, despite posting growth in all lines of business and increasing its full year guidance.
- PaymentsDelivered Every WeekdayAn early-morning roundup of important headlines from the past 24 hours.
- TechnologyWednesday, ThursdayThe latest industry developments from digital banking to cybersecurity to AI.
- RegulationTuesday, ThursdayCoverage of the CFPB, Fed, FDIC, and Dodd-Frank.
- Best of the WeekFridayThe most important and widely read stories from the previous week.
Today, if you own Apple stock, you can't send a few shares to your nephew on his birthday, you can't swap them for Google stock and you can't use them as collateral for a loan. Tokenization will change that.
Crypto is slowly but surely being integrated into the banking applications consumers trust and use every day. It's not the crypto revolution purists imagined, but it's very good news for consumers and bankers alike.
Following a judge's rejection of a 2024 settlement with merchants, the card networks are offering a slightly higher interchange reduction and easing card acceptance rules. It's the latest attempt to end a legal fight that's two decades old.
-
Using watches, wristbands and other accessories at the point of sale is set for a boom, pressuring financial institutions to develop a strategy for the banking tech.
-
When a card gets canceled or expires, Visa, Mastercard and other networks send replacement information to merchants. This can be a problem for consumers.
-
While often used to describe a digital asset that hedges against cryptocurrency's volatility, the reality of stablecoins is much more complex.
-
In today's ever-evolving payments landscape, customers expect secure
-
In today's rapidly evolving business landscape, the synergy between startups and established corporations is more crucial than ever
-
Speakers at American Banker's Digital Banking Conference discussed financial technology trends including digital assets, cybersecurity and open banking.
-
The Brazilian neobank expanded its bank accounts for minors with new features in 2024 by adding high-yield savings "boxes" and expanding parental controls.
-
As real-time payments become more common, UBB's partnership with fintech Pidgin offers a roadmap for smaller banks to stay relevant.
-
Sponsored Content from Federal Reserve Financial Services - Partner Insights from Finzly
-
Partner Insights from Brightwell - Partner insights from sibos
