Payments News

On The Web

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Providers

How startups are expanding the reach of US community banks

“While some companies in the space like Varo and Square are vying to become banks, the more common route is to partner with an institution that holds the deposits, while the customer’s primary interaction is with the startup. For example, SoFi CEO Anthony Noto last week confirmed that the company will roll out bank accounts and debit […]

On The Wires

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Providers

Retailers Promise Fight to Keep Swipe Fee Reform as Financial CHOICE Act Heads Toward Full House Vote

"Today, the Retail Industry Leaders Association (RILA) responded to the House Financial Services Committee's markup of the Financial CHOICE Act, legislation that would roll back many of the financial reforms passed in the wake of the financial meltdown in 2008. Retailers have vowed to fight any financial reform bill that repeals swipe fee reform, bipartisan legislation passed in 2010 that stopped large banks and card networks from charging merchants exorbitant fees on debit card transactions."
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Providers

New Test Post

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