Banking

Pass/fail may be replaced by public capital ratio; high court allows company to prevent merchants from favoring other cards.

The information you need to start your day, from PaymentsSource and around the Web. Today: A global blockchain remittance market is underway at Alipay; Former GoDaddy execs launch DLT payments firm; Fraud has a wide reach in Europe; Quebec utility sets aside space for cryptocurrency mining.

Every transaction is traceable on the blockchain — though only to the addresses that initiated it. Compare this to Fedwire Funds Service and ACH payments, which don’t have this transaction history available, writes Bob Rutherford is the CEO and founder of Hedge.

The legislation, authored by Rep. Keith Ellison, D-Minn., is aimed at helping lower-income consumers build their credit histories.

Five of the year’s biggest deals by value have been announced in the last two months, including some that involve regional banks that have been champing at the M&A bit.

The Cincinnati bank is following a wider industry strategy of opening new branches in faster-growth, urban markets.

With more permanent fixes not yet gaining enough traction, recent attempts to clarify marijuana banking rules through appropriations are also falling flat.

Thomas Fraser will step down as president and CEO of First Federal Lakewood and instead focus on overseeing the mutual's holding company.

Startups such as BREAUX Capital are trying to reach consumers historically underserved and underrepresented in financial services.

As large credit unions look to expand under the NCUA’s new field of membership rule, they should be required to comply with additional bank rules.

M&A activity has picked up in recent weeks as several regional banks have struck big deals. Is it a blip or a sign of what's to come?

New legislation to offer banking services at post offices comes with some flawed assumptions, but payday lending needs an overhaul.

As large credit unions look to expand under the NCUA’s new field of membership rule, they should be required to comply with additional bank rules.

On Mar. 31, 2018. Dollars in thousands.

The two Wall Street firms anxiously await the second round of stress test results; Commerzbank is working on using technology to generate basic research notes.

The information you need to start your day, from PaymentsSource and around the Web. Today: Senate schedules cryptocurrency hearing; More payment problems in Europe; Microsoft deploys AI as U.K. retail chain; Worldpay upgrades behavioral analysis.

The trend may be partly attributable to a strong economy. Growth in high-cost installment lending could also be a factor.

Nyca Partners is now an investor in enterprise blockchain, but in 2014 it had doubts about the technology.

Fair Financial, a digital banking platform developed by a Twin Cities nonprofit in partnership with a local bank, launched a pilot program this week. By 2020, it plans to serve 5,000 customers across the country.

Jan Lynn Owen works at the epicenter of the digital revolution, but she is unambiguously cautious about the fintech industry.