99.6% of instant payments processed on RTP network in 2024
The Clearing House’s Real Time Payments network captured the instant payments market over the Federal Reserve’s FedNow rail in 2024....
Payments
Movers and Shakers: JPMorgan Chase names Elliott to lead payment and lending innovation
Bryce Elliott, head of payment and lending innovation, JPMorgan Bryce Elliott in December announced on LinkedIn that he is starting a...
CFPB fines fintech Wise $2.5M
Electronic money services provider Wise is being ordered by the Consumer Financial Protection Bureau to pay $2.025 million in a...
Business clients demand FedNow, RTP capabilities from their banks
Business clients are demanding instant payment services from their financial services providers as they look to streamline payment processes. As...
Trump Media launches fintech brand Truth.Fi for crypto, ETFs
Trump Media and Technology Group Corp. launched a financial-services and fintech brand dubbed Truth.Fi, with a focus on crypto and...
Cap One, Discover to complete acquisition in ‘early 2025’
Capital One and Discover are awaiting regulatory and shareholder approval for their deal. The bank first announced its acquisition of...
Fiserv appoints PNC President Lyons to replace Bisignano
Fiserv named Michael Lyons as its next chief executive today. Effective Jan. 27, Lyons is set to replace CEO Frank...
Amex to pay $230M over misleading sales practices
American Express Co. will pay about $230 million to resolve a long-running investigation into some of the firm’s prior sales...
CFPB fines Cash App $175M
Peer-to-peer payments app Cash App is being ordered by the Consumer Financial Protection Bureau to pay $175 million in refunds...
TCH cross-border payments on hold
The Clearing House’s Real-Time Payments network is ready for cross-border payments from a technical perspective but is waiting for U.S....
