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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John Carney is a partner with the law firm
BakerHostetler and a former securities fraud chief and assistant United States attorney with the Department of Justice, Securities and Exchange Commission senior counsel and CPA at a Big Four accounting firm. He now serves as BakerHostetler's White Collar, Investigations and Securities Enforcement and Litigation team co-leader.May 1
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Land of Lincoln Credit Union in Decatur, Illinois, has agreed to acquire Nokomis Savings Bank. In December, the credit union announced a deal to buy Colchester State Bank.
May 1
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The messaging organization is providing a sandbox for developers to enable cross-border transactions for central bank digital currencies, an elusive goal as most central banks focus on domestic use.
May 1
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Millennials and Generation Z will soon become the principal financial consumers. Which companies and products are on track to win their business, and which ones are in danger of going extinct?
May 1
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First Republic Bank was shuttered by regulators early Monday, and all its deposits and most of its assets were acquired by JPMorgan. San Francisco-based First Republic was undone by low-rate mortgages it made to its wealthy customers as well as by the fallout from last month's banking crisis.
May 1
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The Federal Reserve's long-awaited real-time payment system is at the finish line. But there's still some wrinkles that need to be ironed out so it can work with its cousin from The Clearing House. And how much will banks have to pay?
April 30
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The central bank's instant payment system could bring enormous benefits to banks and their customers. But it also presents new risks to manage.
April 30
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Bank groups say the focus on capital rules in Federal Reserve Vice Chair for Supervision Michael Barr's report on Silicon Valley Bank are misguided. Others say he should have named names.
April 28 -
BayFirst Financial, which says it lost $1.6 million when a planned Small Business Administration loan sale to Signature fell through, plans to file a claim for the lost revenue with the Federal Deposit Insurance Corp.
April 28
