Fintech

New York- and Tel Aviv-based Behalf provides point-of-sale financing for SMEs making e-commerce purchases from large merchants. Visa will offer Behalf’s SME clients reusable, tokenized Visa virtual cards which give businesses instant loans for their purchases and flexible repayment schedules.

Acorns is about investments, but its debit card is about something else: instilling pride in the act of making a payment

The plan identified five risk areas — including cybersecurity — that will be on the agenda for agency examiners next year.

As the major banks grapple with the slow and steady implementation of The Clearing House’s Real Time Payments (RTP) system, one organization, Ingo Money, is forging ahead in delivering faster payments for its clients and their customers using the card networks’ push payments rail.

Fiserv will buy the business, once known as Elan ATM and Debit Processing, for $690 million.

Visa, Mountain America Credit Union and Fingerprints AB were thrilled with their biometric card test, but also faced the grim realization that real world infrastructure may not be as accommodating.

JPMorgan's chief cautioned against expanded regulation for big companies, arguing that businesses contribute to the economy.

Zelle doesn't require a bank or credit union to participate in its network to allow it to receive funds; so even Zelle holdouts will see some activity on their accounts. This allows credit unions to compare members' demand to usage, and to determine whether signing up with Zelle is worth the trade-offs.

An examination of industry sales tactics conducted after the Wells Fargo scandal found that credit card accounts (not checking or savings) were the largest source of account openings without customer permission.

It will also invest in mortgage and small-business lending and in neighborhood revitalization efforts there. The moves are part of a nationwide expansion by the largest U.S. bank.