Economic news

The Money Anxiety Index, a measure of consumer saving and spending habits, has started rising off a 50-year low. The economist who created it says that means another slump is nearing, and that banks should use the intel in pricing deposits and making other decisions.

The announcement comes after several news reports that Stephen Moore would not back down from his anticipated nomination to serve on the Fed despite growing concerns from Republican senators.

Visa and Mastercard are driving digital transactions by financially empowering women in emerging markets who are unbanked but manage their families’ spending. The card networks are particularly targeting women in gig economy jobs and women-owned businesses.

Martin Chavez, global co-head of the securities division at Goldman, suggested the bank is unlikely to fully support crypto until such currencies have the backing of the U.S. government.

Digital payments can make payroll for workers in industries like cruise ships less costly, and less dangerous than traditional cash-based methods, writes Hal Ramakers, vice president of global solutions for Brightwell.

Wall Street moves to compete with the low-fee financial services giant; activist investor has an uphill climb for a seat at this week’s annual meeting.

Uber’s getting a half billion dollar investment from PayPal at a time when the ride-sharing app is prepping a $100 billion IPO and can least afford speed bumps in its user experience and payment process.

Sen. Sherrod Brown questioned Stephen Moore's ability to make decisions at the Fed to benefit all Americans after calling two Ohio cities the "armpit of America."

Sen. Sherrod Brown questioned Stephen Moore's ability to make decisions at the Fed to benefit all Americans after calling two Ohio cities the "armpit of America."

Change in strategy to lure new customers; new FHFA director wants to make Fannie, Freddie “stronger, healthier."

An industry working group might seek legislation to eliminate the need for investor consent in the shift to a new benchmark interest rate. But any legislative fix is almost certain to be challenged because choosing an alternative to Libor will inevitably favor one party in a transaction over another.

Almost conspicuous by its absence, Apple Pay is finally an option in the Uber Eats food delivery app — after five years of being a way to pay for Uber's separate ride-sharing service.

CV Systems’ COO Randy Schmidt, BHMI Chairman Jack Baldwin and Mickey Goldwasser, vice president of Payrailz, discuss challenges and opportunities, for faster payments, back office gaps, and cross-industry cooperation.

Retail stars in bank earnings season as investment banking and capital markets sag; Dutch bank may be waiting in the wings if Deutsche can't close the deal.

Uber is a lot more than a ride-sharing app — it is also one of the most disruptive forces in payments.

Payment preferences significantly vary from region to region, making the need to cater to local payment methods crucial, according to Steve Villegas, vice president of partner management at PPRO.

The cryptocurrency exchange Bittrex is protesting New York's decision this week to deny it a virtual license exchange, claiming that its rationale contains factual errors and its personnel were not well versed in blockchain.

A fourth Senate Republican said he'd vote against businessman Herman Cain joining the Federal Reserve Board, all but sinking any chances that he'd get through the confirmation process if Democrats stay united in their opposition.

Small banks rise up against “onerous contracts and sometimes mediocre digital offerings”; Quarles warns banks to speed up preparations for Libor sunset.

With the U.K. government still at stalemate over Brexit, the prospect of leaving the European Union without a deal remains a very real possibility. Despite some recent agreements, this could have major implications for the U.K. payments industry.