Fintech

U.S. consumers are borrowing more than ever to buy homes and cars, pay for college and even finance every day purchases. Is it a display of confidence in the U.S. economy or are many households living far beyond their means?

Credit unions had a pretty good 2017, but with many big banks still reeling from scandals there are steps CUs can take to make 2018 even better.

Darryl White sees an opportunity for Bank of Montreal to take more market share in the United States, and he’s betting on investments in mortgage lending, commercial banking and capital markets to get there.

For many newcomers to the U.S., establishing credit is a big challenge. A handful of entrepreneurs are developing tools to help verify their financial histories.

In a move to support its business-to-business payments platform, Visa has agreed to acquire software provider Fraedom.

Even today, as mobile and e-commerce payment options flood the market, few companies are willing to do away with cash acceptance. But a handful of brands have launched cashless locations, taking a bold step into a future where cash is no longer king.

Advances in mobile technology have also permeated into other products, including point of sale hardware. With mobile point of sale devices being updated to include sophisticated software, there is more real-time capture of customer data in the store.

The best course of action would be seek a policy, or an endorsement to your policy, that specifically includes coverage for all PCI fee, according to Karin Scherner Aldama, a partner at Perkins Coie's Insurance Recovery Law Practice.

Cross-border transactions are getting smaller in size and more frequent, rendering the correspondent banking model increasingly obsolete as new use cases pile up.

Emphasizing its commitment to data advancement and security, Mastercard has named JoAnn C. Stonier as its first chief data officer.