September 16, 2010
Elizabeth Warren Bound for Treasury Role, But What About the...
Elizabeth Warren reportedly has a new job, but it’s not director of the Consumer Financial Protection Bureau. Instead, the Los Angeles Times reports that she is headed to the Treasury...
September 15, 2010
eCommLink- Pioneering Personalized Prepaid Platforms
Peter Zuong has held executive positions at State Farm Insurance & Financial Services, California Institute of Technology, Bank of America and Wells Fargo Bank. Yet he still maintains a love...
September 02, 2010
Driving Innovation for Merchants
Todd Linden is a true payments journeyman. Bank of America Merchant Services, ETA and EVO Merchant Services are among the organizations he has been involved with over the course of...
August 26, 2010
Thanks to MasterCard, Citi puts Customers inControl
By now you may have heard Citi’s announcement to implement the MasterCard inControl service. This has created quiet the buzz around the industry, David Evans recently linked inControl to his...
August 26, 2010
Wells Fargo Expands ExpressSend Remittance Network in Mexico
Wells Fargo & Company (NYSE:WFC) has expanded its ExpressSend remittance network in Mexico through an agreement with Houston-based Transnetwork Corporation, adding more than 4,000 payout locations in Mexico for a...
August 23, 2010
Consumer Protection Act — Sec. 1075. Reasonable Fees and Rules...
(a) IN GENERAL.—The Electronic Fund Transfer Act (15 U.S.C. 1693 et seq.) is amended— (1) by redesignating sections 920 and 921 as sections 921 and 922, respectively; and (2)...
August 20, 2010
Industry Experts Dissect Fed’s Debit Proposal during PYMNTS.com Webinar
Just ahead of July 4th festivities, fireworks were provided for the industry this week courtesy of the Federal Reserve’s final proposal for debit card regulation. The interchange cap of 21...
August 20, 2010
The Fed’s Final Debit Rules: Did Anyone Win?
June 30, 2011 – Fed Memo on Debit Regulations – Fed’s Full-Length Report on Debit Regulations Whew, at least it’s over! Two months after they were due under the Dodd-Frank...
August 19, 2010
Doing As They Say or Saying As They Do: Tax...
In recent years, credit card reward programs have become a basic component of personal finance. Credit card issuers use them to entice consumers to spend more on a given card....
GenAI is rapidly gaining traction in the financial services sector, but executives worry about the risk of spreading financial misinformation and exposing sensitive data to security breaches. The latest “Generative AI Tracker®,” a collaboration with AI-ID, examines what experts and bankers say is needed to get bankers over the hump.
The share of consumers whose primary credit card is with a national bank has fallen from 76% in 2020 to 68% in 2023. PYMNTS Intelligence’s latest study of 2,088 consumers, “Credit Unions and Community Banks Gain Credit Card Issuing Momentum,” a PYMNTS Intelligence and Elan Credit Card, reveals how smaller FIs can position themselves to take a share of national banks’ cardholders by offering key features.