Banking
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Would a digital dollar make FedNow obsolete?
WASHINGTON — The Federal Reserve is developing a payments platform set to launch in a couple of years to help…
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Citi sees no slowdown in True Name card demand
The initial rush of Citi customers signing up for the Mastercard True Name program — which lets transgender and nonbinary…
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Amex goes hybrid with most workers at home Mondays and Fridays
American Express is planning to allow employees to work from home for at least part of the week on a…
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American Express’ Kabbage to offer checking for small businesses
American Express’ Kabbage subsidiary has launched a small-business checking account. The checking account pays 1.1% interest on small business accounts…
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Kamala Harris to announce $1.25B for small lenders in virus aid
The Biden administration will award $1.25 billion to hundreds of community lenders in an effort to speed the economic recovery…
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Dwolla streamlines coding with quicker API integration
Payments provider Dwolla has simplified the process for using its application programming interface, saying it cuts down on thousands of…
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PayPal alums build a real-time rail for stablecoins
Two former PayPal developers are launching a network that allows the use of stablecoins for a near-instant connection between banks,…
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The Digit savings app is getting a major upgrade—but there’s a catch
Over the past few years, many fintech companies, including Betterment, Current and Credit Sesame, have started to offer checking accounts.…
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ThetaRay turns to Google Cloud to help reduce cross-border payment risk
As more financial industry and payments ecosystems adopted cloud-based systems during the pandemic to accommodate remote working, the money launderers…
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Fintech’s deal for tiny Utah bank may rile consumer advocates
The parent company of the high-cost digital lender CreditNinja has agreed to purchase a tiny Utah-based bank in a deal…
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