By applying its scale and expertise to security and compliance, the card network hopes to provide a comfortable option for cautious financial institutions and consumers.

The prepaid card and digital banking company promoted its chief financial and operating officer, George Gresham, to chief executive.

Sen. Elizabeth Warren, D-Mass., has been raising the alarm bells about fraud on the bank-owned payments platform, but independently verifiable data that might inform policymaking is hard to come by.

"We're not used to seeing growth in our check business," said Deluxe's Tracey Engelhardt, who reports a 6% to 7% increase in revenue for check orders from businesses and consumers in each of the last three quarters, driven by various factors originating from the pandemic.

Local Government Federal Credit Union in Raleigh, North Carolina, has relied on State Employees' Credit Union's guidance — and branch network — since the smaller institution's inception in 1983. But that relationship was never supposed to be permanent.

Its investment banking and corporate lending revenues dipped during the third quarter, while treasury services and branded cards were bright spots. That formula will be tested by "rolling, country-level recessions" across the globe, CEO Jane Fraser predicts.