Digital payments

CFPB fines debt collector; Adyen shares nearly double on first day


Security Group was fined $5 million for abusive collection tactics; the Dutch payments company is now valued at nearly $16 billion.


Four companies driving the bank tech discussion, with only one a FAANG


Facebook, Apple, Amazon, Netflix and Google garner so much attention that they have their own collective shorthand, FAANG. But it was a mostly different set of companies, including Starbucks and Acorns, that were top of mind this week for their financial services moves.


Harnessing AI to help customers speed invoice processing and get paid


Banks are making business customers happy with new digital billing services as machine learning meets the lockbox.


'Golden age' of banking? Those words may haunt Jamie Dimon


There are so many reasons — the credit cycle, the plight of small banks or competition from Amazon and foreign banks — that the head of JPMorgan could live to regret that statement.


Reality check: Will crypto firms score a banking charter?


At least two cryptocurrency companies, Coinbase and ivyKoin, have talked to federal regulators about obtaining a bank license, but there is skepticism that it will happen. Here's why.


What a homegrown app for millennials has taught Wells Fargo


The bank found that mixing personal finance management with positive reinforcement allowed them to appeal to younger customers.


Square's Dorsey is all in on bitcoin as currency of the future


Jack Dorsey, speaking to a crowd of cryptocurrency enthusiasts, showed he was completely in sync with their view that digital currencies are the way of the future.


Next stop on the reg relief train: Reforming AML rules


Bankers have long complained that anti-money-laundering regulations impose an extra burden without really stopping major crime. D.C. is finally listening.

[more] revs up expansion plan by adding two senior leaders


Fresh off landing JPMorgan Chase as a client, the digital payments firm is counting on tech veterans Yael Zheng and Vinay Pai to help accelerate its growth through additional partnerships with banks and accounting firms.


Mexican banks said to have been targeted in cyber attack


Cyber attackers attempted to penetrate Mexico's electronic payment systems Friday, forcing three banks to enact contingency plans, according to people familiar with the matter.