Revenue potential and competitive pressure beckon to card issuers, but Fitch Ratings warns of credit risks in this trendy product.
This week the New York Attorney General announced that it has demanded two crypto firms halt their lending programs. Additionally, the AG said it had commenced an investigation into three other firms. All of this was predicated on the statement that interest generated from crypto
The average surcharge for using out-of-network ATMs, however, fell to a 10-year low, according to a Bankrate survey.
The auto lender’s acquisition of Fair Square Financial would diversify its consumer product lineup. The pandemic derailed its last effort to buy a card company.
It sounds like something out of a sci-fi movie — metallic orbs that scan people’s eyes to pay them in digital currency.
"Crypto is certainly here to stay as an asset class," Robinhood CEO Vlad Tenev added in discussing the company's crypto wallet.
The Federal Reserve today launched new resources for the U.S. payments industry to facilitate education, preparation and ecosystem innovation in support of instant payments, a type of faster payment that provides payees with immediate access to funds, enabled by real-time final settlement between financial institutions.
As LendKey celebrates $500 million in funded loans, there are plenty of other reasons to celebrate too, co-founder and CEO Vince Passione said. Passione said as the country is coming off a pandemic year there are plenty of encouraging signs. Education loans are bouncing back,
The U.S. consumer watchdog said on Thursday it has demanded information from tech giants Amazon, Apple, Facebook, Google, PayPal and Square on how they gather and use consumer payment data, in a broad effort to protect consumers from privacy breaches, fraud and anticompetitive behavior.
Regular readers of the news.lendit site were greeted with the newly redesigned LendIt Fintech News website as of noon Eastern time.