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One bank’s move to embrace transgender consumers


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.


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


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


How financial institutions can support people with mental health issues


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


FedNow is necessary, Fed digital currency is not: Mester


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.


Not just speed: Data transfer another dividend of faster payments


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


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


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.


Challenger banks bet public trusts them more than Google


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


New suit against Discover highlights lingering robocalling risk


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.


Geopolitics weighs on Mastercard's global B2B ambitions


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


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


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.