Online payments

Lawsuit alleges PNC built payments product with stolen trade secrets

02/17/20

A Denver company says that the $410 billion-asset bank used its confidential information to create a copycat product and poach its customers. PNC is contesting the allegations.

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Visa's $5 billion Plaid deal takes a possible rival off the table

01/13/20

In the battle to control consumer data, Visa has made a major score by agreeing to acquire Plaid, a technology company that it could have seen grow into a competitor.

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When open banking and data privacy collide

12/11/19

Banks are increasingly sharing data and must brace for new regulations protecting that data.

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How Square turns unconventional credit data into loans for tiny businesses

11/22/19

The payments company has loaned $5.5 billion to 275,000 small businesses, thanks to a data-driven process free from human interaction.

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15 community banks join The Clearing House’s real-time payments network

10/29/19

Many small banks remain skeptical of the payments network because it is owned and operated by big banks and they are waiting for the Federal Reserve to launch a rival service.

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Wells striking out in search for new CEO; Big banks lower Q2 forecasts

06/12/19

Several prospects, including JPM’s Gordon Smith, are reluctant to take on a thankless job; lower interest rates, quiet trading will yield disappointing results.

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App from Simple co-founder builds bridges from banks to blockchains

04/04/19

Shamir Karkal’s startup, Sila, is launching an API platform that gives developers a way to connect traditional bank systems to distributed ledgers like Ethereum.

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Peace offering made to small financial institutions on fast payments

03/29/19

The Clearing House announced moves to attract community banks and credit unions to its real-time payments system. Smaller depositories have generally been reluctant to sign up with what is seen as a large-bank effort.

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How much does P2P drive engagement for banks?

03/22/19

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?

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What the FIS-Worldpay deal means for banks

03/18/19

The companies could bring something new, such as merchant acquiring to community banks, but their merger could also cause anxiety about giant vendors.

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