May 24, 2024
FTC: Company Impersonation Scams Cost Consumers Millions of Dollars

The Federal Trade Commission said it has been flooded with reports from consumers who have been taken in by scammers purporting to represent some of today’s leading companies. The FTC said Friday (May 24) that it received 52,000 consumer...

May 10, 2024
Wells Fargo Launches Business Credit Card With Cash Rewards

Wells Fargo has launched a business credit card designed to provide easy-to-understand cash rewards. The new Signify Business Cash Worldwide Elite Mastercard offers unlimited 2% cash rewards on business purchases, with no annual...

May 07, 2024
Banks Call For Greater BNPL Reporting Transparency

In recent years, buy now, pay later (BNPL) platforms have gained popularity among consumers, offering a convenient way to finance purchases through installments. However, the lack of transparency surrounding these loans...

May 03, 2024
Banks Boost Visibility, Customer Service With Branches in Airport Terminals

Several banks have reportedly expanded their retail footprint into airport terminals. These bank branches in airports offer convenience, comfort and a range of financial services to existing customers, while also serving as...

May 03, 2024
Wells Fargo: US Authorities Are Investigating Zelle Complaint Handling

Wells Fargo said Thursday (May 2) that U.S. authorities are investigating the handling of complaints about Zelle. This disclosure in a filing with the Securities and Exchange Commission (SEC) follows a similar statement by J.P....

May 01, 2024
Meet the 2006 Payments Startup That Took ACH Payments Global

Cross-border payments circa May 2024 have become a highly specialized sector of the payments industry. Look at the activity in this space, even year-to-date, and you’ll see companies like the Solana...

April 30, 2024
Google Transitioning Fitbit Pay to Google Wallet in Most Countries

Google is transitioning its Fitbit Pay contactless payments to Google Wallet in most countries. “Google Wallet is now available for all Fitbit devices that support contactless payments,” a message on the Fitbit Pay web page said. “Fitbit Pay will...

April 28, 2024
Banks Pay Savers More to Stay Amid Steep Interest Rates

For America’s biggest banks, deposit costs are exceeding interest income. That’s the first time that’s happened since the Federal Reserve began increasing rates two years ago, the Financial Times noted...

April 19, 2024
Senators Press Banks for Better Defenses Against Wire Fraud

The looming specter of wire fraud has spurred lawmakers to press big banks for better defenses against bad actors — and a detailing of the impact the scams have had on consumers....