Category: Finance

Aaron Marienthal is general counsel at earned wage access provider Payactiv and Molly Jones is vice president for government affairs at the San Jose-based company. A payroll innovation called earned wage access (EWA) is rapidly catching on among employers, enabling employees to have on-demand access to their already earned wages – bypassing monthly or bi-weekly payroll cycles. […]

Dive Brief: Bluefin, the Atlanta-based data and payment security firm, will integrate with Visa’s card network to provide tokens across card brands, the companies announced on Friday. With the new network tokenization capabilities, card brands can issue a token and distinct transaction cryptogram that facilitates transactions across multiple payment processors, gateways and acquirers, the company explained […]

When Jenius Bank launches its consumer-focused banking platform nationwide this year, the digital firm will be throwing its hat into a crowded ring. But Jenius Bank CEO John Rosenfeld said the new venture has ambitious plans to launch not just core banking products, but services that differentiate the platform from neobanks and incumbents alike. “We […]

The dearth of snow in Davos, Switzerland, last week could serve as a good indicator that the World Economic Forum was most certainly held in the present day. However, several bank CEOs leaned into narratives that might have led attendees to believe the mountain resort town contained a time-travel portal. JPMorgan Chase CEO Jamie Dimon […]

Dive Brief: Fintech darling Stripe has become a “a strategic payments partner” for retail behemoth Amazon in the U.S., Europe and Canada under an “expanded global agreement” between the companies, according to an online post from Stripe on Monday. The two companies have been partners since 2017, when Amazon tapped digital payments company Stripe to […]

Crypto exchange Gemini plans to dismiss 10% of its staff, according to a Monday report by The Information. This marks the company’s third such reduction since June, following a year of strife in the crypto sector, which, as of last week, includes the bankruptcy of crypto lender Genesis. Genesis and Gemini’s collaboration, the Gemini Earn […]

Dive Brief: Charlotte, North Carolina-based Paymentus, the electronic billing and payment company, is partnering with Green Dot to expand its expand cash bill pay capabilities, according to a Thursday press release. By connecting its payment network to Green Dot’s network, companies can accept cash bill payments from their customers at some 90,000 retail locations, including […]

Crypto exchange Gemini is letting 10% of its staff go, according to a Monday report by The Information. This marks the company’s third such reduction since June, following a year of strife in the crypto sector, which, as of last week, includes the bankruptcy of crypto lender Genesis. Genesis and Gemini’s collaboration, the Gemini Earn […]

Dive Brief: Morgan Stanley cut CEO James Gorman’s compensation by 10% in 2022, from $35 million to $31.5 million, the bank said Friday in a filing with the Securities and Exchange Commission. Morgan Stanley’s compensation committee “took into consideration that … in a challenging economic and market environment, Firm performance for 2022 was not as […]

After years of delay, Bank of America and the Federal Deposit Insurance Corp. will face off in federal court over the regulator’s assessment that Bank of America underpaid its deposit insurance obligations to the tune of $1.1 billion. The FDIC’s lawsuit, originally filed in 2017, claimed at the time that the Charlotte, North Carolina-based lender […]