Economic news

With the holidays fast approaching, the attention of watchdogs, regulators, merchant acquirers and processors needs to be on both the bottom line and the more sophisticated forms of online fraud like transaction laundering, writes Ron Teicher, CEO and founder of EverCompliant.

The Fed’s rate hike on Tuesday will raise bank's funding costs, serving as a stark reminder that a return to strong, broad-based business loan demand can’t come soon enough.

Payment Rails is putting a tight focus on the emerging area of “influencer marketing,” where global brands are spreading money among individuals who use social media to promote products.

Establishing trust, especially when it comes to online payments, is critical. People need to feel secure and confident that their personal boundaries won’t be crossed or their information misused, writes Rik van't Hof, director of product management front-end for Ingenico e-commerce.

Bitcoin has passed $13,000 in value. The spike has many people wondering about the future of the digital currency.

Rapid changes in the cryptocurrency's valuation make it hard to properly price content purchases according to Steam.

The collaboration gives Worldpay another e-commerce tool to battle Amazon's encroachment into traditional retail.

In a world where consumers are tuning out TV ads easier than ever before with streaming services like Netflix, the e-commerce giant is giving advertisers a new platform to be in front of millions of people who like to shop, writes Tom Caporaso, CEO of Clarus Commerce.

Marvin Goodfriend, a noted economist and former Richmond Fed official, was tapped to fill one of three vacancies on the Fed board.

Nobel Prize-winning economist Joseph Stiglitz said "bitcoin is successful only because of its potential for circumvention, lack of oversight."

For remaking East West Bank from a small savings institution into a $36.3 billion-asset player with a seat on the front lines of U.S.-China relations — all while churning out record earnings year after year — American Banker is recognizing Ng for being a "Consistent Performer" as part of our 2017 Banker of the Year awards.

Japan’s bitFlyer is expanding to the American market, even as U.S. banks remain wary of cryptocurrencies.

Judge says he will move quickly on who should head the agency; group allegedly overcharged hundreds of clients.

President Trump’s pick to head the Federal Reserve will face the Senate Banking Committee this week. Here’s what to watch for.

Federal Reserve chair Janet Yellen said interest on bank reserves should remain the central bank’s primary monetary policy tool.

The digital-currency startup, which markets software to banks, appears keen to signal that it wants to play by the rules.

The deal for PayPal’s consumer loan portfolio will make Synchrony a bigger player in e-commerce. And the agreement helps the Silicon Valley payments giant achieve its goal of reducing its exposure to the credit cycle.

Brian Behlendorf, leader of the Linux Foundation's effort to establish standards for blockchain, likens the invention of cryptocurrencies to the moon launch and says banks, open-source developers and others are working to make the underlying technology commercially viable.

Beyond the initial coin offerings — a fundraising process, similar to an IPO, in which blockchain companies sell crypto tokens instead of shares — and myriad science projects, is there anything substantive occurring with blockchain?

While the Bank of America chief says he is encouraged by progress on tax reform, he cautioned that it remains politically and fiscally tough to accomplish, and that the wrong moves on immigration could offset some of the gains from tax cuts.