Visa has taken several recent steps to expand its digital payment capabilities, adding
It's now reportedly taking a much more direct route by incenting restaurants to use digital payments exclusively. The
But in return, the businesses, which the newspaper reports will be smaller merchants, must stop taking cash.
It's a dramatic step, but a carrot and stick approach to ditching paper money is gaining steam.
Several cities in
As it rolls out dozens of new products to up its game in stablecoins and artificial intelligence, the payment company is also working with sellers wishing to expand activities involving non-U.S. corridors.
Jim Richards, who served as the bank's head of anti-money-laundering compliance, says the Federal Reserve is wrongfully denying him compensation that was designed to keep him employed at Wells Fargo.
New Jersey-based ConnectOne Bancorp received FDIC approval for its merger with First of Long Island Corp; lending-services fintech Oportun makes changes to its board of directors; Associated Banc-Corp's Steven Zandpour will succeed David Stein as head of consumer and business banking; and more in this week's banking news roundup.
While Vista Bank is focusing on organic growth in Florida, it's positioning itself as a Texas buyer.
The Trump administration says it will nominate Jonathan McKernan to serve as Treasury undersecretary for domestic finance. McKernan has already been nominated as the next director of the Consumer Financial Protection Bureau.
The man who blew the whistle over the incident says the bank fired him in retaliation for reporting what he called a "significant security breach."
