Technology

The now-defunct neobank was famous for its ability to help customers ensure their balances were adequate to cover upcoming bills or savings plans. Digit and others have started offering their own variations on this feature.

Fed Vice Chairman for Supervision Randal Quarles says the benefits of a central bank digital currency are “unclear,” and that a digital dollar could actually “pose significant and concrete risks.”

The government helped the gas pipeline operator recoup some of the funds it paid to cyberthieves, but that's unlikely to happen often. Banks should shore up password security to minimize risk and be willing to reject hackers' demands in the event of a breach.

The payments and digital commerce provider Payoneer and the special-purpose acquisition company FTAC Olympus Acquisition Corp. have completed their merger, allowing Payoneer to begin trading on the Nasdaq stock market.

Low card penetration and sparse borrower information in the region make it hard to determine an applicant's identity and ability to pay. Buy now/pay later lenders instead focus on factors such purchase activity, social media presence and even the speed at which users type their personal information.

The bank is working with DailyPay and The Clearing House's RTP network to bring a smidge more speed — and certainty — to earned-wage access payments.

Upgrade, a lending startup that counts Banco Santander SA and SVB Financial Group’s Silicon Valley Bank as investors, is seeking to triple its valuation in a fresh funding round, according to a person with knowledge of the matter.

U.S. regulators blocked the card network's attempt to buy Plaid last year for antitrust reasons. Its bid to acquire Tink, a similar company based in Sweden, may have a better shot given European officials' desire to promote open banking.

Roxe says the distributed ledger technology that removes costly middlemen from international transactions can also lower expenses for currency conversions.

Visa Inc. has agreed to buy Swedish open-banking platform Tink AB as the payment giant looks to expand beyond its card network.