CFPB proposes earned wage access rule
The Consumer Financial Protection Bureau proposed an interpretive rule affecting earned wage products, or paycheck advance products, ensuring that employees...
Payments
Bank of England warns CHAPS payment system experiencing delays
The Bank of England warned that its CHAPS service — one of the largest high-value payment systems in the world...
FIs adopting RTP mainly as ‘receive-only’
Adoption of the Federal Reserve’s instant payments platform, FedNow, is growing, however, of the more than 800 financial institutions using...
FedNow looking to drive payments volume
Demand for real-time payments continues to grow globally, and the launch of the Federal Reserve’s real-time payments rail, FedNow, one...
Citi leader talks payments-as-a-service
Payments go beyond the transfer of money, and financial institutions can customize each step of the process through vendor selection. ...
FIs can tap ISO 20022 data for AI-driven insights
Financial institutions can look to ISO 20022 standard for payments data to identify patterns in payments and transactions to more...
Banks may add friction to instant payments to combat fraud
The financial services industry has worked for years to create frictionless payments. Now it may be necessary to add friction...
Citi launches real-time funding solution to keep up with RTP adoption
Citi added to its treasury product portfolio this week with the launch of Citi Real-Time Funding to help business clients...
3 ways Swift is deploying tech for payments
International payments network Swift is deploying technology to make its payments faster, safer and more efficient. Swift is investing in...
Judge likely to reject $30B Visa, Mastercard fee deal
A $30 billion settlement between Visa Inc., Mastercard Inc. and retailers to cap credit-card swipe fees is likely to be rejected by...
