PayThink is focused on the rapidly changing, inter-connected markets of debit, credit, mobile, prepaid and digital payments. As the payments industry strives for faster innovation to launch new products ahead of competitors, PayThink provides insight from market participants and innovators leading the way. PayThink is designed for executives looking to stay relevant in the ever-changing payments ecosystem by finding and honing their competitive edge.
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In a move seen to bolster his 2028 presidential run, California Governor Gavin Newsom named Rohit Chopra, the former director of the Consumer Financial Protection Bureau, to lead a new oversight agency; a Pine Bluff, Arkansas, bank employee was sentenced to 36 months in federal prison for bank theft; a Fairfax, Virginia, security administrator has been charged with allegedly stealing more than $6.6 million from his employer; and more in this week's banking news roundup.
May 15
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New Federal Reserve stats show most consumers carry and store paper money, even as digital payments become mainstream.
May 15
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The Mississippi lender's pending acquisition of OFB Bancshares, the parent company of One Florida Bank, offers an entry point into the fast-growing Orlando market.
May 15
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At some banks, executives are overpromising results and putting tremendous pressure on tech teams, leading to a range of problems.
May 15
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Fund managers are seeking to change the way banks think about Community Reinvestment Act investing.
May 15
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As short-term liquidity products gain popularity with consumers, credit unions are looking for new ways to keep their members from looking elsewhere.
May 15
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Liza Primzharova, MSA, is a finance and accounting researcher based in Seattle, WA. She is an MBA candidate at Trine University and holds a Master of Science in Accounting from the University of Washington. Her peer-reviewed research on AI in accounting automation was published in Putevoditel Predprinimatelya (2026). She can be reached at lizaprimzhar@gmail.com.
May 15
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Given new government rules on payment processing, giants like Bank of America, Chase and Wells Fargo would benefit immensely from acquiring proprietary debit card networks. Why they haven't done so already is a mystery.
May 15
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Unlike several other large banks, neither Citi nor Citizens Financial Group is interested in expanding their retail branch presence beyond their existing footprints. Both say they see plenty of growth opportunities in those markets.
May 15
