bank application

China Puts Visa, Mastercard Applications On Hold
China Puts Visa, Mastercard Applications On Hold
January 14, 2019  |  International

China’s central bank has yet to acknowledge applications submitted by Visa and Mastercard that would allow the companies to process renminbi payments. Citing sources familiar...

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OCC To Be Sued Again Over FinTech Bank Licensing Plan
OCC To Be Sued Again Over FinTech Bank Licensing Plan
September 13, 2018  |  B2B Payments

U.S. banking watchdog the Office of the Comptroller of the Currency (OCC) is facing a lawsuit, adding another setback to its struggling effort to provide...

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Square Pulls Banking Application
Square Pulls Banking Application
July 06, 2018  |  Banking

Though Square has reportedly withdrawn its application to create a deposit-taking bank, the payments processor intends to file the application again in the future. The firm...

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SoFi Bails On Being A Bank  
SoFi Bails On Being A Bank  
October 16, 2017  |  Banking

Social Finance, otherwise known as SoFi, the student loan online lender, is giving up on its hopes to become a bank for now. According to...

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