Consumers in the Australian state of Queensland now can use prepaid Go Cards for travel on the TransLink network, the Queensland state transport minister has announced. The Go Card is a contactless card consumers can use to pay for bus, train and ferry rides. Consumers can store up to AU$250 (US$230 or 156 euros) on the cards. Consumers can buy the cards at various merchant locations in Queensland, and they can choose to have automatic top-ups on the cards via credit card payments. The Queensland Government formed the TransLink Transit Authority to improve and expand public-transport services across Southeast Queensland.
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Federal Reserve Chair Jerome Powell told reporters Wednesday that he would remain on the Fed board after his term as chair expires next month, resolving the last and most significant open question about his departure and the onset of Kevin Warsh's leadership at the central bank.
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The Beaver State measure gives de novo banks up to $1 million per year in tax credits. Oregon lawmakers modeled their legislation on a 5-year-old Ohio law.
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The Spanish banking giant is seeing improvement in its U.S. business, which is set to expand significantly if its pending acquisition of Webster Financial gets approved.
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Expenses and foreign exchange pressured Western Union; while Visa added more blockchains to its stablecoin settlement pilot. That and more in American Banker's global payments and fintech roundup.
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Tipalti has developed a set of agentic artificial intelligence agents designed to help businesses navigate transactions and apply for refunds.
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The digital bank and lender did not increase its full-year outlook in anticipation of an interest rate freeze.
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