Browsing: PaymentsSource

Chris Ratcliffe/Bloomberg The Financial Conduct Authority has fined Monzo about $28.5 million for lax financial crime controls between October 2018 and August 2020. Monzo, a U.K.…

Buy now/pay later is drawing consumers and fintechs, but the burgeoning credit product also courts controversy. Swedish neobank and BNPL lender Klarna’s recent collaboration with Doordash sparked…

Comerica is one of the first users of new TCH rules for real-time payments. Shelby Tauber/Bloomberg As the size of individual real-time payments gets larger, ensuring…

Embedded and invisible payments are becoming more ubiquitous, with more use cases expected to be rolled out this year.Juniper Research predicts that the global embedded payments…

As Giulio Napolitano/Bloomberg As banks prepare to issue stablecoins, they get ready to join a crowded existing market of fintechs and other nonbanks that are already…

Stablecoins have gotten a lot of attention in recent months, pushing financial institutions to consider how to respond to the trend.The result has been a rush…

The rush to offer stablecoins has thus far included more large banks and retailers than credit unions and community banks. While the GENIUS Act requires smaller…

With government regulation of the consumer financial services industry on the wane, can self-regulation help fill the void?Earlier this month, the nonprofit Financial Health Network released…

Mastercard has been developing its stablecoin strategy for years.Lionel Ng/Bloomberg Mastercard is joining the big names that are stating their plans to address an anticipated stablecoin…

At Citigroup , a globally minded payments business necessitates a leader with experience that spans the globe. Enter Debopama Sen, head of payments for Citi’s Services…