Why we’re joining the big banks’ payments system


Community banks shouldn’t wait for the Fed to create a new real-time payments rail when consumers are already flocking to other options.


Policymakers shouldn’t undermine existing overdraft regulations


The current overdraft rules could use some tweaks, but it should largely remain the same to protect consumers.


One banker's advice for product development: Let customers pitch in


There’s a long list of reasons traditional lenders haven't kept up with the needs of entrepreneurs, says Judith Erwin, the head of Grasshopper Bank in New York. One is not asking for enough feedback.


Fed official hits back at criticism of central bank’s payments role


Competition from the public sector in payment services has benefited the public and should not be discounted in the development of a real-time system, said Kansas City Fed chief Esther George.


Visa CEO Kelly breaks with big banks on need for faster payments


Banks and governments around the world have invested in systems that seek to instantly transfer money between accounts, moves that could put pressure on the sprawling debit-card business at the world’s largest payments network. But Visa Inc. Chief Executive Officer Al Kelly isn’t too worried.


Early adopter: Clearing House real-time payments lands first small bank


Avidia Bank joins the network even as other community banks call on the Fed to create its own real-time payment service to compete.


Fintech seeks to help customers avoid overdrafts — with assist from a big bank


Digit's savings app, relying on JPMorgan Chase's new real-time payments service, will offer customers an instant withdrawals feature that uses savings as a cushion against checking overdraws.


Fed pumps the brakes on Nacha plan for faster Same-Day ACH


After more than two years of successful operation in delivering Same-Day ACH payments, Nacha's request to add a third processing window has been denied by the Federal Reserve, which says it has to obtain public comment on the concept.


USAA mishandled payday disputes, opened unauthorized accounts: CFPB


The bank will pay over $15 million in restitution and fines to settle claims that it neglected stop-payment requests and reopened deposit accounts without customers' consent.


Tech vendor fixes problem that held up prepaid cardholders' paychecks


Customer furor stemmed from troubles FIS had processing payments for MetaBank, the issuer of Netspend and other prepaid debit cards.