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The bank hasn't explained why person-to-person payments, bill processing and account-transfer services went down for parts of two days this week. But observers suspect glitches in its legacy systems could occur at other financial institutions and increasingly affect real-time payment networks.
July 27 -
Wells Fargo leads $70 million funding effort targeting credit-challenged entrepreneurs; PayPal adds Tap to Pay for Venmo, Zettle; Amex names new CFO to succeed retiring veteran finance chief and more in this week's banking news roundup.
June 30 -
The Block unit's new American Express card credits users with $1 in payment-processing fees for every $3 they spend on business expenses. It's also offering new loan terms and other tools for managing expenses and cash flow.
June 28 -
Discover Bank launches financial health fund, Cross River Bank climbs past real-time payment transaction benchmark, Webster funds financial education at youth-focused nonprofits and and more in this week's banking news roundup.
June 16 -
Banks that haven't built a plan to implement the Federal Reserve's new real-time payments system still have time to make up lost ground.
June 13 -
Josh Williams, chief banking officer for Seattle Bank, explains how changes in payments technology will affect smaller institutions.
June 8 -
The success of central bank digital currencies will be directly tied to their usability — by both individuals and businesses.
May 24RippleX -
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The Federal Reserve governor addressed misconceptions about the forthcoming instant payment system after delivering remarks on financial innovation.
April 20