Category: Finance

After adding Klarna and Splitit as partners this year, Ingenico is in talks with other payments companies whose software it may add to its growing catalog of services targeting banks and other acquirers. The French payments company’s cloud-based platform allows acquirers to access a list of payment services and, from there, choose the options they […]

Dive Brief: Leawood, Kansas-based Euronet Worldwide said it has signed up the British bank HSBC, the eighth-largest bank in the world, as a customer for its new Dandelion cross-border payments service. Euronet, which is also the parent company to Ria money transfer service, made the announcement in conjunction with fourth-quarter earnings report on Wednesday in […]

A coalition of more than 50 national and local non-profit organizations penned a 13-page letter to the Federal Deposit Insurance Corp. on Feb. 3 formally opposing Washington Federal Bank’s $654 million deal to acquire Luther Burbank Savings on the grounds of fair housing, systemic risk, and managerial resource concerns. The organizations, led by the California Reinvestment […]

The former chief information officer of the New York Stock Exchange launched a super app Wednesday, intent on giving people the full picture of their finances — and making them feel good about it. Rob Cornish, who is also the former chief technology officer of crypto exchange Gemini, has spent the last 18 months building […]

Patrick Sells is launching a new venture that aims to bridge two sectors he knows very well.  Sells, who has held chief innovation officer roles at crypto firm NYDIG and New York-based Quontic Bank, is launching True Digital Group, an online platform designed to help financial institutions innovate and more easily identify and implement new […]

Dive Brief: Bank and credit union trade groups are pushing back against language in President Joe Biden’s State of the Union address, accusing the president of mischaracterizing some of the fees financial institutions charge consumers.  During his speech Tuesday, Biden highlighted his administration’s efforts to crack down on “junk fees” and “hidden surcharges” across several […]

Michael Barr, the Federal Reserve’s vice chair for supervision, asked banks to review and analyze data that might fuel racial disparities in wealth, while speaking Tuesday at a conference on financial inclusion at a historically Black university. “Ensuring that all would-be borrowers are treated equally means more customers, more loans and better returns for banks,” […]

Wells Fargo will pay $300 million to settle a class-action lawsuit from shareholders who argued the bank knew it was charging customers for unnecessary auto-collision protection insurance but not telling investors, the law firm Robbins Geller Rudman & Dowd said Tuesday in a statement. A trial in the case was set to start Feb. 27. […]

Dive Brief: Buy now, pay later provider Klarna has partnered with Paris Hilton’s marketing firm on a global advertising campaign starring the hotel heiress and social influencer, per a Tuesday press release.  The new marketing draws on Y2K fashion trends and shows Hilton responding to the fintech’s payment and shopping services with “That’s Smooth,” a […]

Jack Henry & Associates expects to be the first payments processor to go live with FedNow when the Federal Reserve’s real-time payments service debuts in July.  “We will be the first processor going live with the FedNow product in the summer,” Greg Adelson, Jack Henry’s president and chief operating officer, told an analyst during the […]