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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The top five banks and thrifts have combined deposits of more than $7.5 trillion as of December 31, 2022.
April 4
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Responding to growing competition for merchants' loyalty, PayPal has enabled its small-business customers to accept Apple's mobile wallet, along with other features previously only available to large enterprises.
April 4
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The former senator inserted a provision into last year's defense spending bill requiring the Fed to disclose master account applications and outcomes. In a recent lawsuit filing, the central bank said the addendum bolstered its powers.
April 3
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The Spanish banking giant is doubling down on its U.S. operations, unlike other foreign-owned banks that have abandoned efforts to reach American consumers. It's doing so partly by better integrating its large auto lending business with its retail bank.
April 3
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Looking past the recent U.S. banking turmoil, Sumitomo Mitsui Financial Group aims to accelerate its North American expansion plans.
April 3
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Ajay Banga is almost certain to become the next president of the World Bank, replacing David Malpass, who announced plans to step down almost a year early.
April 3
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The equity deal means that Acorns will gain a foothold in the U.K. and Europe, where GoHenry, the challenger bank it acquired, also operates.
April 3
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Challenger banks MoneyLion, Acorns and Moves are partnering with "taxtech" companies to extend free or low-cost filing help to customers.
April 3
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The Consumer Financial Protection Bureau issued a broad policy statement on what constitutes an "abusive" act or practice. Industry has long sought to narrow the definition.
April 3
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The neobank purchased the fintech lender in an all-cash offer, but did not disclose the price tag.
April 3
