Real-time payments

Why Citi, Wells, JPMorgan are seeing a spike in API calls


Hint: For their e-commerce clients, it's all about faster payments.


Forced arbitration, JPM's contrarian move, M&A as recruiting tool: Top stories of the week


The case of a pastor wrongly-accused by Wells Fargo has mandatory arbitration back in the spotlight; JPMorgan started buying securities long before talk about rate cuts; more banks are turning to M&A to acquire talent; and more from this week's most-read stories.


New front opens in fight over Fed's real-time payments network


Community banks and tech companies that are happy the central bank is building a next-generation system are not as pleased with its four- to five-year timeline. But big banks see the slow rollout as an opportunity to expand their own instant payment network.


FedNow service and blockchain closely linked


Crypto technology will play a major role in the central bank's real-time payments system.


Fed names leader for development of real-time payment system


Kenneth Montgomery, a top executive at the Federal Reserve Bank of Boston, will head the push to make faster payments available across the industry in the next four to five years.


Digit savings app drops fee for instant overdraft protection


The San Francisco-based fintech is using JPMorgan Chase’s real-time payments service to power the updated overdraft prevention tool.


Recession-proofing loan books, Trump DOJ goes easy on big banks, Fed's real-time payment: Top stories of the week


Anticipating recession, banks start scrubbing loan books; how Trump's political appointees thwarted tougher settlements with two big banks; the Fed's plans on its real-time payment service; and more from this week's most-read stories.


'The whole situation is frustrating': Comments of the week


Readers react to the Fed's lengthy plan for a real-time payments system and Fifth Third's minimum wage increase, jab at Sen. Warren's absence on the Senate Banking Committee and more.


Truist clears hurdle, new Santander CEO, fintechs' retirement fix: Top stories of the week


House lawmakers go light on BB&T-SunTrust merger; Santander Bank names longtime MUFG Union executive its CEO; the fintechs trying to solve America's retirement problem; and more from this week's most-read stories.


What the big banks left out when they slammed Fed over real-time payments


The CEO of a big-bank lobbying group recently said that the central bank may be on the verge of pulling a bait and switch on faster payments. But his comments glossed over a lot of the relevant history.