Amazon's checking account push shows next target: Swipe fees


With a foray into financial services, could disrupt the decades-old card payments system, a move that some say could save the retailer $250 million a year in swipe fees.


First National of Omaha to drop NRA card partnership


Facing pressure to act on gun control laws, the Omaha bank said it would not "renew its contract with the National Rifle Association to issue the NRA Visa card."


Retailers score latest win in fight to allow credit card surcharges


Merchants have been challenging surcharge bans in numerous states on free-speech grounds. They have the wind at their backs following another court victory on Wednesday.


Card networks must give banks, merchants a vote on fraud prevention


Companies like Visa and Mastercard make decisions about security in secrecy, without enough input from banks and merchants.


M&T’s Robert Wilmers dies; sex scandal claims Visa executive


Long-time CEO grew M&T Bank into a $120 billion regional lender; Jim McCarthy, a high-profile manager, didn’t inform company about relationships.


More bitcoin milestones; Citi’s tax plan hit


Digital currency surges past both $12,000 and $13,000 on Wednesday; the bank may make it back quickly, depending on the corporate income tax rate.


Ken Chenault's parting warning: Banks made big error on payments


America’s largest lenders made an epic mistake a decade ago when they cashed out of Visa and Mastercard through initial public offerings, says Chenault, who will step down in February as CEO of American Express.


CFPB taps Hensarling aide; CFTC approves bitcoin futures


Brian Johnson joins agency as senior adviser to acting director Mick Mulvaney; CME and Cboe are expected to begin trading bitcoin futures in the next few weeks.


Deutsche Bank settles with states; Banks' fleeting victory


German bank says the $220 million settlement closes the book on its Libor-related misdeeds; reopening mandatory arbitration could backfire on banks.


Amex will need to convince justices that its rules help consumers


In a surprise move, the Supreme Court will decide whether Amex may bar merchants from steering customers to less expensive card networks. The card issuer will have to prove the consumer gain from its practices outweighs the merchant pain.