payments

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

09/23/20

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.

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JPMorgan-backed Brazil fintech plans to expand in U.S., Mexico

09/22/20

FitBank Pagamentos Eletronicos, a Brazilian fintech backed by JPMorgan Chase, plans to open a U.S. office in the first half of 2021.

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Money-laundering report alleges banks profited by aiding criminals

09/20/20

A new investigation by the International Consortium of Investigative Journalists says JPMorgan Chase, Deutsche Bank and several other global institutions kept moving illicit funds after receiving warnings from U.S. officials.

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Late-summer spending edges closer to normal: CO-OP

09/16/20

New analysis from CO-OP Financial Services showed credit union members veering closer to traditional card usage, but the lack of additional pandemic relief could hamper interchange growth this fall.

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Countering OCC, states announce streamlined payments exams

09/15/20

With the Office of the Comptroller of the Currency considering a special charter for payments firms, a state regulator group said large money transmitters can opt for the “one company, one exam” program next year.

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Citi using Revlon snafu to fix risk management

09/14/20

Citigroup will establish new internal oversight guidelines, spend more on technology and take other steps to upgrade risk systems, CFO Mark Mason said at an industry conference in discussing the aftermath of the bank’s mistaken $900 million payment.

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OCC chief goes too far reimagining national bank charter

09/14/20

Acting Comptroller of the Currency Brian Brooks’ focus on allowing fintech firms into the federal banking sphere appears to have a more ambitious and risky goal: redefining the agency’s regulatory focus.

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CO-OP, Zelle partnership could bring P2P payments to small credit unions

09/01/20

CO-OP, a credit union payments firm, has teamed with the fintech to expand usage of digital payments offerings. But it's unclear to what extent members want those services.

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How COVID-19 cratered customer acquisition, profitability

08/19/20

New research finds that it's become harder than ever to acquire new customers — and equally challenging to engage newly acquired ones.

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Congress, not the OCC, decides what is and isn't a bank

08/19/20

The Office of the Comptroller of the Currency is overstepping its authority in granting charters to fintechs and other companies that don’t take deposits.

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