payments

Goldman considers more surveillance; banks seek robotic experts

12/03/18

The bank would add to monitoring of employees outside the U.S. in response to the 1MDB scandal; financial firms seek help to automate more systems.

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Homeowners cash out; Bitcoin accepted in Ohio

11/26/18

Cash-outs accounted for 80% of mortgage refinances in the third quarter; state will accept bitcoin for business tax payments.

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Meta Financial taps insider as next CEO

11/01/18

Brad Hanson has been with the South Dakota company since founding its payment services division in 2004.

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Plastic cards will be gone in five years: Synchrony CEO

10/30/18

Margaret Keane discussed Synchrony's investments in technology, including how the card issuer plans to use customer data to help retailers create targeted ads, during an appearance Tuesday in New York,

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BofA tries to boost dealmakers; How Walmart was lost

10/25/18

Executives offer support to lift investment bankers’ morale; retailer’s move from Synchrony Financial could force card issuers to make concessions.

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Noncash payments fraud is on the rise: Fed study

10/16/18

The central bank found that the increase in noncash payments fraud from 2012 to 2015 was still just a small fraction of overall payments.

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CFPB seeks ‘abuse’ definition; Fidelity offers bitcoin trading

10/16/18

A definition would give lenders a clearer idea of what practices are off limits; the mutual fund giant will provide the service for institutional clients.

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PNC to use Ripple blockchain tech for international payments

09/19/18

The Pittsburgh bank joins Bank of America and other large financial players in a distributed-ledger network that seeks to make global payments in real time.

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Kraninger nomination advances; banks line up to lend to Saudi Arabia

08/24/18

The CFPB nominee wins approval from the Senate Banking Committee by a 13-12 vote; the country is looking to borrow $11 billion after Aramco IPO is delayed.

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Facebook's offer has takers; rates rising on risky business loans

08/08/18

The company says several banks and credit card issuers are interested in data sharing; rates may go even higher when corporate borrowers need to refinance.

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