Transactions: Amex, Knot launch card-on-file solution
American Express and card-on-file management company Knot are launching a card-on-file payments solution to improve the payment experience at trusted...
Payments
Inside look: Amex’s capital deployment strategy
American Express is maintaining its capital position while investing in its technology framework, marketing efforts, and merger and acquisition opportunities. ...
FIs weigh in on US open banking regulation
The Consumer Financial Protection Bureau is expected to finalize its Section 1033 regulation on open banking this fall, and financial...
Marqeta innovates to expand client base
Card issuing platform Marqeta is looking to innovation in a bid to woo fintechs and businesses to diversify its revenue...
How Mastercard taps AI, open banking to predict ACH payment success
Mastercard is looking to AI and open banking for transaction monitoring, data standardization, and even to predict payments success. “We...
50% of Bank of America transactions are contactless, leader says
ATLANTA — Contactless transactions saw a boost amid the pandemic and contactless payments are here to stay as adoption continues...
Transactions: BNY, CBA join for cross-border near real-time payments
BNY has joined forces with Commonwealth Bank of Australian to provide its customers with near real-time payments for cross-border transactions. ...
FedNow nears onboarding of 1,000 financial institutions
ATLANTA — Instant payments rail FedNow is nearing the addition of its 1,000th financial institution, and the Federal Reserve credits...
TD Bank expects to pay $2.6B for US compliance lapse
TD Bank took a provision of $2.6 billion in the third quarter as it estimates the cost of fines from...
Podcast: JPM connects to French payments network Cartes Bancaires
J.P. Morgan is joining French payments network Cartes Bancaires, Mike Lozanoff, managing director and global head of merchant services at...
