Smaller banks that sought to serve once-hot sectors like cryptocurrency are now exiting those verticals. This, as long-time crypto industry partner Silvergate Bank reports steep quarterly losses tied to $8.1 billion in withdrawals while it looks to reshuffle its digital asset business offerings, and Voyager...
Digital payments company Global Primex on Tuesday (July 12) debuted online payment platform VLoad in partnership with New York-based Metropolitan Commercial Bank, according to a joint press release. VLoad offers consumers high levels of privacy and security and allows merchants in the VLoad Merchant Network...
Modern Treasury, a payments operations software provider, is working with Metropolitan Commercial Bank (MCB) in order to provide automated payment options to companies, according to a press release. The Modern Treasury platform allows companies to make and manage payments through a dashboard or application programming...
January 25, 2023
Smaller banks that sought to serve once-hot sectors like cryptocurrency are now exiting those verticals. This, as long-time crypto industry partner Silvergate Bank reports steep quarterly losses tied to $8.1 billion in withdrawals while it looks to reshuffle its digital asset business offerings, and Voyager Digital-servicing Metropolitan Commercial Bank and FTX-linked Moonstone Bank have both […]
October 19, 2023
Metropolitan Commercial Bank (MCB) has agreed to pay a penalty of $15 million following an investigation by the New York State Department of Financial Services (DFS). Superintendent of Financial Services Adrienne A. Harris announced that MCB had failed to properly oversee its MovoCash Digital Prepaid Visa Card Program, leading to fraud actors diverting pandemic unemployment […]
July 12, 2022
Digital payments company Global Primex on Tuesday (July 12) debuted online payment platform VLoad in partnership with New York-based Metropolitan Commercial Bank, according to a joint press release. VLoad offers...
