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China has been promising openness to outside payment companies for more than a decade. So far it hasn’t delivered, according to Eric Grover, a principal at Intrepid Ventures.
November 14 -
Readers sound off on the 2018 midterm election results, OCC's Otting defending his agency's right to charter fintechs, and predictions the plastic credit card is nearly dead.
November 8 -
The suit is tied to Walmart's decision to shift its credit card business to Capital One.
November 2 -
Readers respond to an FTC settlement with SoFi, weigh calls to simplify Wells Fargo, consider crypto's revolving door and more.
November 1 -
Despite improvements in the proportion of consumers without a bank account, there is still work to do to bring more Americans into the banking system, argues FDIC Chairman Jelena McWilliams.
October 29Federal Deposit Insurance Corp. -
Mastercard is making the first move among the card networks, again, on moving away from the signature requirement — completely removing the space for a signature from its cards.
October 18 -
Twilio has secured the services of Stripe as a launch partner to enable businesses to accept payments over the phone through their existing Stripe account. The companies plan to offer Twilio Pay in early 2019.
October 17 -
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The three credit unions from Connecticut will receive a variety of services from the credit union service organization, including bill pay.
October 10 -
Consumers who own multiple cards often use them as budgeting tools — a credit card for entertainment, a prepaid card for groceries, etc. — but that method typically can't be applied to any purchases that are paid in installments.
October 3