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...
Payments
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....
RTP payment volume up 94% in 2024
The Clearing House’ Real Time Payments network grew 94% year over year on a dollar basis in 2024 as it...
ClearBank sees payment processing time drop by 80%
ClearBank is seeing its payment processing time decrease 80% after integrating AI. The Bristol, U.K.-based clearing agency and banking platform...
Movers and Shakers: Symes to be new CFO at Checkout.com
Payments service provider Checkout.com has appointed Philip Symes as its interim chief financial officer, according to a release from the...
CFPB lawsuit against bank giants is ‘regulatory overreach,’ Zelle says
The Consumer Financial Protection Bureau announced today that it has sued Early Warning Services, Bank of America, JPMorgan and Wells...
People First FCU to add FedNow send capabilities in 2025
People First Federal Credit Union has joined the Federal Reserve’s real time payments network, FedNow, as a receiver and aims...
Bank of America hits payments milestones with CashPro App, Paze
Bank of America on Dec. 10 revealed that its CashPro App will surpass $1 trillion in payment approvals by yearend...
The Clearing House raises RTP transaction limit to $10M
The Clearing House raised the transaction limit on its Real Time Payments network to $10 million, opening the door for...
