CheckFreePay, a division of Fiserv Inc., announced this week that consumers can pay more than 300 bills using its next-day service, double what it previously offered. CheckFreePay enables consumers to pay utility, mobile-phone, insurance, credit card and other bills by bringing cash to a walk-in location, according to the company. CheckFreePay operates 12,000 bill-payment locations in 48 states, according to the company. Consumers pay $1.50 for two- to three-day bill processing, or $2.50 for next-day processing. CheckFreePay announced in May it began offering its bill-payment services through Ready Credit Corp.'s kiosks (CardLine 5/16). "We feel this reflects a trend toward faster payments in general," Ann Cave, a CheckFreePay spokesperson, tells CardLine. "Consumers, regardless of the channel they are paying in, have an increased expectation of speed."
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PayPay is the latest international fintech to signal entry into the U.S. fintech investor market with an IPO that has been planned by SoftBank for years.
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Attorneys from Holland & Knight warn that Treasury is targeting financial services companies in Minneapolis and at the southern border in an AML crackdown.
7h ago -
First National Corp. in Virginia announced the sale of its two North Carolina branches. Meanwhile, a number of larger competitors are laying plans for growth in the Carolinas.
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After losing nearly $700 million in the fourth quarter as bitcoin's valuation tanked, Brian Armstrong stressed product diversification will help the company navigate the downturn.
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The New York bank's technology leaders have been working to reengineer back-office work and give some of it to Anthropic's Claude generative AI model.
February 13 -
The Bureau of Labor Statistics released its January Consumer Price Index Friday, showing that inflation rose 0.2%, while the annual rate eased to 2.4% after holding at 2.7% for several months. The data reduces the likelihood that the Federal Reserve will cut interest rates in the near future.
February 13





