PayPal blocks group that helped Trump supporters travel to D.C.


PayPal Holdings closed an account held by Joy In Liberty, one of the groups that paid for supporters of President Donald Trump to travel to Washington, where mobs stormed the U.S. Capitol on Wednesday.


Coronavirus may have permanently changed face-to-face member service


Many consumers started using digital payments out of necessity once the pandemic struck. They may continue as it recedes because they like the convenience.


OCC clarifies swap policies, makes other technical updates


The agency said federal thrifts must abide by the same rules as national banks pertaining to membership in payment systems and codified policies on acceptable derivatives practices among a slew of technical changes.


Truist hires JPMorgan’s Sal Karakaplan to head new Enterprise Payments Group


Truist Financial Corp. has hired Sal Karakaplan to head its newly formed Enterprise Payments Group, which will be responsible for driving and executing a coordinated strategy across Truist’s various payments businesses.


Credit unions buckle up for an unpredictable holiday season


The pandemic has altered a variety of consumer behaviors, and that could make a difference in what sort of interchange and interest revenue financial institutions see in their credit and debit portfolios as they close out 2020.


Visa to face U.S. antitrust suit over Plaid acquisition


The U.S. Justice Department sued to block Visa’s $5.3 billion deal for the data aggregator over concerns that it would harm competition in the global payments market.


CFPB orders firm to pay $1.5M for 'misleading' loan payment disclosures


The agency said customers of SMART Payment Plan LLC could receive up to $7.5 million for statements that created a false impression about the service used for auto loans, but in a twist the bureau said it may pay most of the restitution.


BlueVine expands into business checking


The challenger bank now offers small businesses checking, lending and payments services on one platform and can link them through Plaid to external bank accounts.


Fed, Fincen look to require banks to hold more data on transfers


The two agencies proposed amending the Bank Secrecy Act to lower the threshold for transfers occurring outside the U.S. that trigger recordkeeping requirements.


The partners that can help Fed speed launch of real-time payments


The central bank must engage core processors, community banks and The Clearing House if it wants to move quickly on building out its FedNow system.