Digital payments

Mastercard venture aims to help small banks keep up in payments

03/19/19

The credit card network has teamed up with an ICBA unit and the fintech Urban FT to offer a payments services program tailored to community banks trying to keep pace with bigger banks.

[more]

IBM launches challenge to Ripple and Swift

03/18/19

The tech company has taken World Wire, its blockchain-based cross-border payments network, live in 72 countries.

[more]

Walmart teams with Affirm to offer point-of-sale loans

02/27/19

The deal marks the first time that the retail giant will enable its customers to use fixed-rate loans, rather than credit cards, for big-ticket purchases in its stores and online.

[more]

Community activists oppose Square's ILC bid

02/20/19

More than three dozen organizations are asking the FDIC to reject Square’s pending application to become an industrial loan company, according to a letter filed Tuesday.

[more]

PayPal CEO's lofty digital payments vision; Danske’s troubles grow

02/20/19

Dan Schulman predicts digital payments market may reach $100 trillion; the bank exiting Estonia, Latvia, Lithuania and Russia.

[more]

How will rivals respond to JPM Coin?

02/14/19

Barclays, Bank of America, TD Bank and other banks have filed multiple blockchain patents over the years, but have yet to publicly announce their plans for the technology.

[more]

Can JPMorgan Chase's JPM Coin knock off Ripple and Swift?

02/14/19

JPMorgan is prototyping its own digital currency to be used for cross-border payments and, later, other purposes. Will banks find this a palatable alternative to today's most well-known options?

[more]

Square's banking bid avoids backlash that doomed Walmart's

02/12/19

The vast majority of comment letters to the FDIC support the fintech’s banking venture, in stark contrast to the public outcry over the pre-crisis ILC bids by large retailers.

[more]

The case that’s challenging bitcoin’s status as payment instrument

02/12/19

Undercover cops arrested a Miami Beach man for trying to sell bitcoin for dollars. Carlton Fields attorney Matthew Kohen explains what the case means to banks.

[more]

CFPB bans group of payday firms from lending in U.S.

02/01/19

The CFPB banned online payday lender NDG Financial, three corporate officers and nearly a dozen affiliated companies from lending to consumers in the U.S.

[more]