With pennies scarce, Treasury weighs in on rounding prices
The Treasury Department issued guidance on how merchants can round cash transactions to the nearest nickel. Banks and retailers have been calling for more clarity from the government amid a penny shortage that stems from the Trump administration’s abrupt decision to halt production of the one-cent coins.
Visa, Fiserv boost agentic AI; U.K. tackles cash, card regs
The card network and bank technology seller partnered to expand AI protocols, while British payment companies face tougher fee disclosures but looser rules for contactless transactions. That and more in the American Banker global payments and fintech roundup.
In a welcome trend, banking supervision is coming back into balance
The former chief national bank examiner for the Office of the Comptroller of the Currency sees welcome changes in the structure of federal banking supervision, but warns against the dangers of complacency.
The most memorable bank CEO quotes of 2025
Cockroaches, crazy work and shots in the butt: Here are some of the most quotable bank CEOs of 2025.
Michigan credit union blocks fraud with deepfake detection
Michigan State University Federal Credit Union avoided $2.57 million in fraud exposure through blocking AI deepfake fraud calls with Pinpoint products.
Dems in Congress sharpen criticism of SBA immigration rules
Democratic senators are attributing a recent decline in lending activity to a Trump administration regulation that puts new restrictions on borrowers with foreign ownership.
Midwest banks targeted by $5.4M ATM jackpotting scheme
Fifty-four individuals tied to the Tren de Aragua gang face charges for using Ploutus malware to drain millions from community banks and credit unions.
Deposit insurance reform is about paychecks and communities
The chief advocacy officer of the Defense Credit Union Council takes issue with the argument that a proposed increase to federal deposit insurance limits would be a “gift” to the credit union industry.
PNC adds tech from Extend to support virtual cards
The bank is betting on demand from resource-challenged companies.
ServiceNow to buy cyber startup Armis for $7.75 billion
ServiceNow, with its largest-yet M&A deal, will fold Armis’ threat prevention services into its larger cybersecurity suite.