Fintech

Federal Reserve Vice Chair Randal Quarles has made it clear that banks failing to make the transition away from the benchmark rate could face supervisory consequences.

Deutsche Bank must be ready for possible acquisitions once consolidation in European banking accelerates, CEO Christian Sewing said, the clearest hint yet that he’s considering deals again halfway through his four-year turnaround program.

U.K. and EU regulations enable cards that provide digital-first features for funds kept in a different bank's account.

The concept amplifies spending visibility from the center of the business way out to its edges, creating more transparency.

The feature prints users' preferred name on credit and debit cards, and is live in the U.S. with Citigroup, BMO Harris and Superbia Credit Union.

DailyPay has raised $500 million and is adding Carrick Capital Partners to its board of directors as it seeks to expand beyond earned wage access.

HSBC has extended its instant cross-border payments network to small and midsize businesses through a digital wallet built for storing and spending foreign currency.

The Amsterdam bank offers to directly credit a small business's invoices early after a vetting process — but before the invoice is paid.

American Express has created a path for PayPal to immediately accept digital versions of consumer credit cards as soon as the cards are approved.

The Federal Reserve Bank of Atlanta is enlisting banks, payment companies, retailers and universities to address problems that digital commerce creates for cash-reliant consumers.