The market for P2P payments is finally taking off after years of false starts, but there are still many unanswered questions. The biggest one: How do banks get value out of offering this service free of charge? ... Read full article
The most popular features of the AI-driven virtual assistant include transaction search and spending alerts. ... Read full article
Apps that let people access their pay on demand have become wildly popular. Do they solve a problem, or are they Band-Aids? ... Read full article
Barclays is preparing to merge its wearable mobile payments product BPay with its more popular Pingit app, after it struggled to attract users. ... Read full article
The slow U.S. adoption of real-time payments hurts half of Americans who live paycheck to paycheck, says Aaron Klein, a fellow at the Brookings Institution. ... Read full article
The CEO of the nation's biggest bank gave the fintech props for revolutionizing payments and then building off its success to provide a whole range of services to small-business clients. ... Read full article
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. ... Read full article
Game day is a big day not just for athletes — anyone who sells pizza, chicken wings and beer will also win big if they have the capacity to handle all of the orders that come in. Many are turning to mobile and online technology to increase sales and remove ... Read full article
Facebook’s WhatsApp unit has been testing its payments app in India since May; investors price in an almost a 90% probability of no Fed hikes this year. ... Read full article
A partnership between the mobile carrier and BankMobile could help stripped-down banking and deposit transfer services find a footing among U.S. customers. ... Read full article
Atlanta Fed chief says consumers don't know the risks of using nonbank payments providers, like Apple Pay; equity derivatives desks will reap rewards of volatility. ... Read full article
Warren Kornfeld, senior vice president at Moody’s Investors Service, explains why banks’ fear of Amazon, Apple, Facebook and other tech giants is legitimate. ... Read full article
Neobanks create lots of buzz — and command the attention of venture capital firms — but there are questions about how big of a threat they pose. ... Read full article
At this year’s Swift Business Forum in New York, executives said banks can build "more intelligent routing" to speed up payments and reduce the cost of processing and delivery. ... Read full article
OCC proposal would broaden the types of loans that would count toward CRA obligations; new law helps parents freeze accounts of minors. ... Read full article
Randal Quarles was considered for Financial Stability Board chair spot; the outgoing student loan ombudsman says the agency puts lenders before consumers. ... Read full article
Jim DeBello will leave his post as CEO of digital capture and mobile identity company Mitek, one of a handful of high-level personnel moves at the company. ... Read full article
Zelle is working on ways to ensure that customers can safely pay small businesses as well. ... Read full article
The person-to-person network also saw $28 billion in payments in the quarter and it added more bank members. ... Read full article
Despite a reputation for being the go-to P2P app of digital natives, Venmo is once again pushing its market in the opposite direction with the debut of a plastic card. ... Read full article
