Payments News
Payment card shipments drop slightly in 2022
October 11, 2022
Payment card shipments will hit 3.029 billion in 2022, a drop from 3.11 billion shipments in 2021, according to ABI Research. Overall, the market has been more…
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Former Fed chairman wins Nobel Prize for bank research
October 11, 2022
Ben Bernanke, former chairman of the Federal Reserve, has won a Nobel Prize in Economics alongside economists Douglas Diamond and Philip Dybvig for research on…
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Corsair to sell NoteMachine UK ATM division to The Brink's Company
October 10, 2022
Corsair, a financial services investment company, has announced it will sell the UK ATM and TestLink divisions of NoteMachine Group Holdings Ltd to a…
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Rapid Finance inks acquisition of Thrive
October 10, 2022
Rapid Finance, a provider of financing solutions for small businesses, has acquired Thrive, a digital lending platform provider. Through the acquisition…
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Chase partners with DoorDash, Mastercard to launch credit card
October 7, 2022
JPMorgan Chase has partnered with DoorDash to launch a credit card, with Mastercard acting as the exclusive payments network. This DoorDash Rewards Mastercard…
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Byline Bank to offer blockchain-based payments
October 6, 2022
Byline Bank, a Chicago-based financial institution, has partnered with Tassat Group Inc. to deliver TassatPay, a blockchain-based payments platform, for…
read nowBanc of California to acquire Global Payroll Gateway
October 5, 2022
Banc of California Inc., the parent company of Banc of California N.A., has acquired Global Payroll Gateway Inc. and its subsidiary Deepstack Technologies LLC…
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Bitcoin ATM growth experiences 1st dip
October 5, 2022
Bitcoin ATMs experienced the first dip in the history of the device with the number falling to 37,980 in September, compared to 38,776 in August — a drop of…
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Credit Suisse hits record low stock prices following scandals
October 4, 2022
Credit Suisse took a major hit to its stock price Monday as it hit a record low of $3.64. The drop was due to market concerns over the bank, particularly after…
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Women's Network in Electronic Transactions to rebrand as PayTech Women
October 3, 2022
Women's Network in Electronic Transactions, a nonprofit supporting women in the payments and fintech industry, will rebrand as PayTech Women. It will continue…
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KeyBank updates consumer lending
September 30, 2022
KeyBank has partnered with Oracle to update its non-real estate consumer lending process. The bank will use Oracle Banking Originations to service loan…
read nowFifth Third Bank intros service for mortgage bankers
September 29, 2022
Fifth Third Bank has launched Mortgage Warehouse Finance to support independent mortgage bankers. The service will originate or aggregate residential mortgage…
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KeyBank intros services to help clients avoid overdraft fees
September 28, 2022
KeyBank has introduced its Key Coverage Zone, which will eliminate overdraft fees for customers that overdraw their accounts by $20 or less. In addition, the…
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Banks boost prime lending rates to highest rate since 2008 crisis
September 27, 2022
Banks have boosted their prime lending rates to the highest level since just prior to the financial crisis of 2008, following the Federal Reserve's decision to…
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JP Morgan partners with Cleareye.ai to power trade finance
September 26, 2022
JP Morgan has partnered with Cleareye.ai, an AI and machine learning intelligent platform provider, to drive trade finance innovation.
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DailyPay, Visa intro prepaid card and app
September 23, 2022
DailyPay, a fintech company, has partnered with Visa and Bancorp Bank to launch Friday, a general purpose reloadable prepaid card and app, which provides…
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Regions Bank intros early pay, protection line of credit
September 22, 2022
Regions Bank has introduced its Early Pay feature, which allows customers with direct deposit with a checking, savings, money market or Now Card to receive…
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BitCard integrates bitcoin gift cards onto Tillo
September 22, 2022
BitCard, a bitcoin gift card provider, has integrated its services on Tillo, a digital gift card platform. With this integration, customers can purchase…
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Margex intros cryptocurrency price alert service
September 20, 2022
Margex, a digital asset trading platform, has introduced a cryptocurrency price alert service. The tool will offer information on price, trading volume, market…
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Ripple partners with Travelex Bank for cross-border on-demand liquidity
September 15, 2022
Ripple, a blockchain and cryptocurrency solutions provider, has partnered with Travelex Bank to launch the On-Demand Liquidity solution in Brazil. With this…
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