Faster payments

Citi deploys AI to detect real-time fraud, errors in payments


The software, which was developed by Feedzai, will eventually block payments that appear to be fraudulent or mistaken.


How regulators besides the OCC can help fintechs


The Office of the Comptroller of the Currency has gotten the ball rolling for financial technology firms trying to operate a national platform, but the FDIC and Federal Reserve should act to remove other policy roadblocks.


7 (realistic) predictions about fintech in 2019


Even the best technologies take time, making it necessary to rein in expectations about what will happen and won't happen in the coming year.


Bank stocks plunge but CEOs bullish; BofA makes exec changes


While equity prices drop an average 5% at big banks, bosses express confidence in the U.S. economy; the bank appoints new managers in payments, consumer banking and marketing.


Fed’s quandary: Build or not build a real-time payment network


Whatever the central bank decides, it is sure to ruffle a lot of feathers in the industry.


Is fear of fraud holding back faster payments?


Proponents of real-time payments systems say banks must embrace them given consumer demand for more immediacy and transparency, even if criminals will try to exploit them.


How fraudsters surprised British banks


As U.S. banks move toward faster payments, they should heed the lessons U.K. banks learned about criminals after launching their real-time transaction system, says Varo Money's fraud strategy leader.


How Zelle plans to recapture the smaller banks, credit unions it left behind


A year after its launch, Zelle’s P2P payment volume has rapidly expanded through usage at the nation’s largest banks. But enabling smaller institutions to offer it to their customers is proving to be more challenging.


Congressional Black Caucus members urge Fed action on faster payments


In a letter Monday to Federal Reserve Board Chairman Jerome Powell, the four House Democrats argued that the nation’s aging payments system is contributing to economic inequality.


Fast payments, prepaid cards, debt counseling: What Gen Z wants from banks


Banks will have to re-engineer a number of systems to meet the eclectic demands of the generation born roughly in the last 10 to 20 years.