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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This has been a difficult year for the industry with government takeovers of three regional institutions, which rank among the 10 biggest failures in U.S. history. Here is a look at what went wrong at those three banks and the seven others on this infamous list.
April 26
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An appeals court ruling said the tech company must provide access to outside parties to process transactions.
April 26
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The California bank, which endured large deposit outflows in March, anticipates selling its $2.7 billion lender finance portfolio in the coming months. It's also looking at cutting facilities, employee headcount and vendor costs.
April 26
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Her statement calls out "a fundamental misunderstanding about the fees" following concerns expressed by two congressmen and others about their impacts.
April 26
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True Digital, which helps financial institutions zero in on vendors, says midsize banks have a unique need for its product.
April 26
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Josh Malancuk, CPA, CMI is president ofJM Tax Advocates , a service organization that advocates for property tax reductions and maximum level incentives for Midwest manufacturers. He brings 28 years of specialized knowledge and experience to his clients. JM Tax Advocates currently serves on the Iowa Association of Business and Industry's tax committee and provides input and collaborates on tax legislation. He can be contacted directly atjoshua@jmtaxadvocates.com or at (317) 674-8390 x100.April 26
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Visa halts single-click payments in India, ING uses recycled beach plastic for payment cards and more.
April 26
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The Federal Reserve's final rule severely restricting the ability of state member banks to engage in crypto-related activities was released without a legally required period of notice and comment.
April 26
Blockchain Association -
The top five bank holding companies have combined total credit card loan portfolios of more than $600 billion.
April 26
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In his new book, the technology and financial services veteran Thomas Vartanian explores how countries could band together to create a more secure digital world while explaining what's holding society back from achieving this.
April 26
