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One bank’s move to embrace transgender consumers

12/09/19

BMO Harris Bank in Chicago recently became the first financial institution to offer a Mastercard that allows transgender and nonbinary people to use their preferred names. Members of that community often experience disproportionate financial hardship, in part because of employment discrimination.

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Fintechs tell small businesses they’ll ‘make the headache go away’

12/02/19

In marketing themselves to small companies, challenger banks are offering cool gadgets and a sympathetic ear about the hassles of being bank customers.

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How financial institutions can support people with mental health issues

11/26/19

Yale researchers have recommended several consumer banking products and services that could help those with mental health challenges manage their money.

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FedNow is necessary, Fed digital currency is not: Mester

11/24/19

The Cleveland Fed president dismissed concerns about the central bank's faster payments system competing with The Clearing House's network, while saying that a national digital currency is less of a necessity in the U.S. than in other countries.

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Not just speed: Data transfer another dividend of faster payments

11/21/19

The Clearing House argues that participants in payments transactions could share far more invoice information over its real-time network.

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As faster payments proliferate, is there a business case for banks?

11/20/19

If the deployment of faster payments came with a guarantee to boost a financial institution's bottom line, more banks and businesses would likely invest in bringing their legacy systems into a new age.

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Challenger banks bet public trusts them more than Google

11/17/19

Consumer trust issues have long been a stumbling block for challenger banks, but many say Google will face bigger obstacles.

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New suit against Discover highlights lingering robocalling risk

10/31/19

The case — the card issuer's third in six years — is an example of the legal peril that banks and other companies continue to face over the use of automated phone calls for debt collection and other purposes.

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Geopolitics weighs on Mastercard's global B2B ambitions

10/29/19

Mastercard is aggressively building a business payments ecosystem as it keeps an eye on political headwinds it has little control over.

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Kabbage gets into payments — and in Square and PayPal's face

10/24/19

The online platform lender Kabbage is making the move beyond just providing working capital loans to small businesses, putting it in direct competition with alternative acquirers and payment companies.

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