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Payroll advance provider Branch has partnered with Mastercard and Evolve Bank & Trust to offer a debit card that allows hourly workers to instantly access a portion of their earned wages ahead of their periodic paycheck.
October 11 -
Italian banking group Intesa Sanpaolo has made a €7 million ($7.8 million) investment in MatiPay, an Italian cash acceptance network that leverages wireless vending machines.
October 11 -
As apps like Uber and Lyft gain more traction, the need for new cars — and loans — is expected to diminish.
October 11 -
The Federal Reserve said it will begin buying $60 billion of Treasury bills per month to improve its control over the benchmark interest rate it uses to guide monetary policy after turmoil rocked money markets in September.
October 11 -
Credit unions often overlook ensuring that different systems and departments are well connected and can share data. Application program interfaces can help with that.
October 11
CO-OP Financial Services -
Rapid-fire acquisitions, partnerships and investments in the likes of Uber, Lyft and Grab are transforming these ride-sharing providers. And much of this activity is built on their ability to handle payments seamlessly as part of the experience.
October 11 -
Install payments and other financing options can offset the cost of health care, says InstaMed's Chris Seib.
October 11
InstaMed -
Credit unions across the country are making a difference through repair projects, baseball sponsorship to fight hunger and more.
October 11 -
Federal regulators should amend a capital buffer requirements for certain derivatives to avoid economic damage.
October 11
American Bankers Association -
Large banks will have less onerous capital rules and stress test requirements; the president’s main lender said it has other returns, but not the president’s.
October 11 -
The information you need to start your day, from PaymentsSource and around the web. Today: Salesforce bolsters ordering; Mastercard extends its reach in Africa; Caixabank ramps up use of AI; Standard Cognition acquires computer vision technology.
October 11 -
Some credit unions are experimenting with ambient scenting – adding distinctive but unobtrusive smells – in their branches. While those fragrances are meant to reinforce the institution’s brand, they could also have unintended negative effects.
October 11 -
Incumbents and challenger fintechs dominate the remittance market, leading Majority to forge a very narrow use case for its initial corridor.
October 11 -
Government action and product advancements are giving consumers choice, but misperceptions remain, says the Innovative Payments Association's Brian Tate.
October 11
Innovative Payments Association -
Readers react to whether the next presidential debate will discuss banking, how California's financial policies are bleeding into other blue states, suggested reforms to the Community Reinvestment Act and more.
October 10 -
Majority, which will launch nationwide later this quarter, will use networks of immigrants to sell a mobile phone-based account that features unlimited remittances and international calling services.
October 10 -
In a move to tap into an underserved market opportunity — but with the potential for political backlash — Sallie Mae launched three different cash-back reward credit cards aimed at college students and young adults.
October 10 -
Despite a strong economy, volume in the agency's flagship loan program has declined for two straight years. Here's why.
October 10 -
The company has rolled out an online platform for firms considering marketplace loans as an asset class.
October 10 -
Institutions that offer fewer than 500 open-end lines of credit will get another two-year exemption from reporting requirements under the Home Mortgage Disclosure Act.
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