Payments News

On The Web

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Systems

Consumers, Flush With Stimulus Money, Shun Credit-Card Debt

“When unemployment soared this spring at the start of coronavirus lockdowns, credit-card debt and delinquencies were widely expected to surge as struggling households borrowed more to make ends meet. Instead, amid the deepest economic crisis since the Great Depression, the opposite happened. Credit-card debt in the U.S. and other advanced economies has fallen. Fewer people […]
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On The Wires

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Systems

MetaBank® Joins U.S. Faster Payments Council

“MetaBank® today announced it has joined the U.S. Faster Payments Council (“FPC”). MetaBank, N.A. (“Meta”) is committed to leading the enablement of payments technology, and this announcement marks its latest expansion within the faster payments space. Meta is a federally chartered bank, a subsidiary of Meta Financial Group, Inc.® and a leader in providing innovative financial solutions […]
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Providers

Galileo Integrates With Plaid to Simplify ACH Transfer Setup

“Galileo announced its integration with Plaid today, giving Galileo clients a streamlined experience in the bank authentication process for its customers. With this integration, joint clients of Galileo and Plaid may offer their customers an easy way to connect their bank accounts and initiate ACH transfers.”
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