Mastercard boosts 2025 outlook, betting on consumer strength
The card network said inflation remains in check, any impacts of Capital One moving cards to the Discover network will be muted and delayed until 2026.
The promise and peril of programmable payments
Noelle Acheson outlines the key blockchain innovations for payment programmability, and highlights their advantages and their risks.
Square adds business credit in U.K.; Virtual cards pick up steam
Block, which maintains its original Square brand for its business-focused products, is offering easier access to cash advances for small businesses. Also, Amex and Mastercard expand their virtual card strategy; and more in the American Banker global payments and fintech roundup.
White House calls for transparency in master account access
The White House working group on digital assets said in a report that regulators should “promote transparency regarding the process for institutions to obtain bank charters or Reserve Bank master accounts.”
Powell: ‘many, many uncertainties’ remain for tariff impacts
Federal Reserve Chair Jerome Powell said during his regular press conference Wednesday that the process of determining tariff-related price increases was always going to be slow, but it has taken longer than he expected.
A U.S. cybercrime group is targeting banks and credit unions
A report Wednesday detailed Scattered Spider’s advanced social engineering tactics and the escalating threat the group poses to financial institutions.
Earned wage access regulation by state: A complete guide
12 states have laws governing earned wage access, also known as on-demand pay, and while many follow similar general guidelines, small – yet critical – distinctions are emerging with each new regulation.
Top-ranked SBA lender Northeast Bank aims to hold #1 role
Northeast Bank and its fintech lending partner Newity have engineered a surge in 7(a) loans that has helped the Portland, Maine-based bank boost profits as tightened regulatory standards made the loans harder to get.
UMB’s post-acquisition systems conversion set for October
The largest bank in Missouri, which completed the acquisition of Heartland Financial USA early this year, is on track to switch Heartland’s systems over to UMB’s systems in mid-October. The conversion should help realize “the next big slug” of expense savings, UMB’s CFO said.
Inside Solo’s new bank-led alternative to data aggregators
Many of the 100 banks in the BankTech Ventures consortium have expressed interest in using the data-sharing network.