Coronavirus

The OCC’s efforts to bring the technology into the financial mainstream could help people in underserved communities execute payments more securely.

The move is part of the effort by banks and other companies to promote racial equity and be more sensitive to the stresses on front-line employees.

More than $1 billion in coronavirus relief went to small businesses that received multiple loans and a congressional subcommittee analyzing the Paycheck Protection Program says it has seen evidence of fraud in thousands more loans.

PaymentsSource Senior Analyst Michael Moeser interviews Visa's global head of contactless payments, Dan Sanford, about the factors causing a sharp rise in the use of contactless cards and mobile wallets across the globe.

Capital One Financial is reining in credit lines to reduce its exposure while the nation’s largest card issuer, JPMorgan Chase, is rolling out a new card designed for travelers and diners.

The trend toward payments that limit contact will continue beyond COVID-19, says EMVco.'s Brian Byrne.

The results of the American Banker/RepTrak Survey of Bank Reputations underscore the importance of communicating in a crisis.

A variety of new tools and strategies are emerging to manage payroll, billing, balances and cash management, says Bank of America's Karen Ly.

When the coronavirus pandemic forced teachers and students to move classroom learning online this year, school districts and educators suddenly faced a raft of challenges around handling new expenses for tools needed for cyber education.

After dropping for the past two years, reputation scores are once again rising, thanks largely to the goodwill banks have earned by helping customers and employees weather the coronavirus outbreak.

Some customers have complained of limits being slashed by one-third to two-thirds, eroding their ability to borrow in an emergency during a pandemic or potentially hurting their credit scores.

COVID-19 has caused a shift in how workers are using the DailyPay earned wage access (EWA) service by withdrawing more money to help out others and pay down debt.

All parts of the payments industry can preserve cash, but mandates may be necessary, says Moorwand's Luc Geuriane.

Some customers have complained of limits being slashed by one-third to two-thirds, eroding their ability to borrow in an emergency during a pandemic or potentially hurting their credit scores.

The need to quickly streamline business payments isn’t possible through manual processing, says Medius’ Daniel Saraste.

New analysis from S&P found that only two of the of the top 20 credit unions that participated in the Paycheck Protection Program loans had assets of less than $1 billion.

There’s never been a better time, nor better technology available, to make cardholders safe from card-not-present fraud, says Keyno's Robert Steinman.

One thing that many parents are finding unusual this year is the amount of money being spent on school supplies during the coronavirus crisis — it’s actually going up.

Both the Federal Housing Finance Agency and Federal Housing Administration are extending relief for homeowners and renters due to the pandemic crisis.

A historic charter award defines a new beginning for digital banking, Varo Money becomes the first consumer fintech in US history to gain full regulatory approval to become a national bank