Mastercard targets millennial clients with digital money management service


Assemble allows Mastercard partners or issuers to provide checking, budgeting and payment features, as well as additional money management.


Fed proposes intraday credit rule changes for foreign banks


The central bank's proposal would eliminate the use of a bank’s "strength of support assessment" ranking among other changes.


Federal Reserve taps Boston Fed COO to head payments task force


In the new role, Kenneth Montgomery will lead the Fed’s efforts to reduce fraud risk and improve the security and resiliency of the U.S. payments system


Regulators say they promote innovation, but the opposite is true


More regulation, more regulators and more regulatory uncertainty both increase the cost of and inhibit financial services and payments innovation.


Wider cryptocurrency use could harm system stability: Fed’s Quarles


The Federal Reserve Board's vice chair of supervision said that digital currencies hold the potential for innovation but that the financial system's security and resiliency are more important.


Cordray urges CEOs to give consumers more control over payments, cards


A week before he is due to resign, CFPB Director Richard Cordray sent a letter to 29 CEOs at banks, credit unions and other financial companies, urging them to help consumers exert more control over credit cards, debit cards and other payment methods.


Trickle-down tech finally comes to commercial clients


Banks are revamping and investing in new wholesale systems to solve the frustrations felt by corporate customers.


Justice Department gives big banks green light on real-time payments


Following an antitrust review that lasted almost a year, the approval would appear to cement The Clearing House's status as the front-runner in a race to modernize the U.S. payments system.


Fed dodges key decision on faster payments


The central bank said Wednesday that it will assess a range of options regarding its operational role in a modernized payment system, an issue that divides large and small banks.


Back-office bots: B of A offers businesses an accounts-receivable AI


Dubbed Intelligent Receivables and created in partnership with a fintech company called HighRadius, the service seeks to help companies match incoming payments with invoices.