Chairman Martin Gruenberg faces calls for his resignation.
Open banking has propelled the growth of alternative credit, but the model isn’t risk-free
This could make it harder for riskier consumers to get approved for credit cards in the future
The approval is a potential sign of thawing geopolitical tensions; Mastercard was approved after a summit between Xi and Biden
Its expansion reflects a financial sector trend of finding new modes for profit generation amid market volatility.
Amex can capture a lot of volume and attract new users during the holiday season
Partnering with such a popular digital wallet helps Visa capitalize on remittance digitization
The tie-up helps Afterpay catch up with Klarna’s AI initiatives while expanding its affiliate marketing revenues
JPMorgan and Capital One dominated the top spots across all categories, demonstrating their investment in expert staff.
Scaling the debit card is one of Affirm’s main goals as it tries to drive in-store growth and snag interchange revenues
Showing card account info takes away an important touchpoint for banks and puts Apple at the center of the relationship
It can use the tie-up to tap $65 billion in annual payments volume—and use open banking to transform the sector
Financial institutions will need to jump through some hoops to attract these young adults and build long-term relationships with them.
The P2P platform faced scrutiny from lawmakers and the media about fraud, which has been a major pain point for adoption