April 18, 2024
Marqeta and Rain Team to Offer Earned Wage Access Debit...

Marqeta is expanding its earned wage access program with assistance from financial wellness provider Rain. The card-issuing platform announced its collaboration with Rain Thursday (April 18), with Marqeta powering the Rain Card,...

April 18, 2024
Mastercard Brings Commercial Cards to Digital Wallets

Continuing the industry’s migration of business payments and expense management to digital platforms, Mastercard announced today (April 18) that it is bringing its commercial cards to mobile wallets. The move comes in...

April 17, 2024
US Bancorp Card Net Charge-Off Rate Hits 4.2%

U.S. Bancorp said in its latest earnings report that consumers are continuing to boost their credit card loans – and though charge-offs have increased, credit quality has remained strong. Credit...

April 17, 2024
Ex-FDIC Head ‘Worried’ About Regional Banks’ Potential Weakness

The former chair of the FDIC is looking for signs of weakness in regional bank earnings. “I’m worried about a handful of them,” Sheila Bair, who headed the Federal Deposit Insurance Corp. during the financial...

April 16, 2024
Can Legacy B2B Payments Coexist With ISO 20022 Migration Strategies?

Traditional B2B payments, with end-to-end processes frequently characterized by delays and complexities, remain stubbornly intractable.  But with the Federal Reserve Bank of Atlanta highlighting on Monday (April 15) that the Federal...

April 16, 2024
Banks Report Lending Slows as Corporate Borrowers Pay Down Debt

The largest U.S. banks are reporting a slowdown in lending. Bank of America and PNC were the latest to do so, with the former reporting Tuesday (April 16) that lending was “sluggish” and...

April 16, 2024
JPMorgan and Codat Team to Drive Virtual Card Adoption

Business data API provider Codat and JPMorgan Chase have teamed to promote virtual card adoption. It’s the thinking behind the launch of Codat’s Supplier Enablement data product. Announced Tuesday (April 16), it lets businesses...

April 16, 2024
Fleet Sector Travels From Closed-Loop to Future-Ready

Where an industry goes tomorrow is a step-function from where it is today. And this is particularly true within the fleet management ecosystem, where traditional payment methods like fuel cards...

April 15, 2024
Digital Wallets Can Transform B2B Payments — But Will They?

There is a growing disconnect between consumer-focused payment advances and commercial ones.  And while it’s not new news that business-to-business (B2B) payments often lack the intuitive, user-friendly interfaces that have...