Fintech

Rising inflation could lead to a rate hike, bolstering lenders' profits in 2022. Improved credit quality and an economic rebound are also fueling investment in the sector.

Allied Payment Network is linking to the digital banking platform of Tyfone for community banks and small businesses.

Users of the Goldman Sachs-issued card found themselves unable to make payments or view account details.

Bank of America was ordered by a judge to change its practices after thousands of unemployed California customers receiving public benefits complained that when their prepaid debit cards were hacked, the bank made matters worse by treating them like criminals.

The store-branded credit card issuer is expanding from three sales divisions to five, a move that CEO Brian Doubles says will help by “aligning our organization for faster growth and execution.”

Republic Bank in Louisville is the first community bank to launch Mastercard's True Name service, which allows customers to display their chosen name on debit cards.

Michael Moeser, senior analyst at PaymentsSource, talks to Atif Siddiqi, Founder and CEO of Branch, about the future of providing faster access to earned wages.

There’s so much spare cash sloshing around U.S. funding markets that investors are choosing to park almost half a trillion dollars at the central bank — earning absolutely nothing.

The bank anticipates strong demand from businesses that want to settle invoices faster. It also wants to get ahead of competition from fintechs offering similar services.

Banks may need to be more selective about how they issue plastic, so that cards remain available to those customers who need them most.