Fed: Credit Card Banks Report Lower Profits in 2016
Profitability among the nation’s large credit card banks fell slightly in 2016, according to data released by the Federal Reserve...
Payments
Basel: Global Correspondent Banking Relationships Continue Decline
The number of worldwide correspondent banking relationships continues to decline, according to new figures released yesterday by the Basel, Switzerland-based...
Fed Survey: Noncash Payments Increase, Debit Most Popular with Consumers
Consumer noncash payments have increased significantly between 2000 and 2015, according to new data from the Federal Reserve today.
Nine Young Bankers Who Changed America: Marcellus Flemming Berry
By perfecting the money order and inventing the traveler’s cheque (all by his early 40s), Marcellus Berry brought efficient and...
Nine Young Bankers Who Changed America: Dee Hock
Hock imagined the Visa network, an entirely new approach to card acceptance and settlement.
Nine Young Bankers Who Changed America: Richard Fairbank
Through big data and clever marketing, Richard Fairbank changed the way Americans acquire and use credit cards.
New ABA Survey Finds Few Banks Have Formal Payments Strategies
Just 13 percent of banks have a formalized payments strategy in place, according to a new survey released today at...
Hultgren: Congress Must Ensure Level Playing Field Between Banks, Fintech Companies
As more and more fintech companies emerge in the financial services industry, Rep. Randy Hultgren (R-Ill.) today said that that...
Fed’s Fischer: Government Backing of Housing Market Should Be Explicit, Not Implicit
Government guarantees of mortgage-related assets should be explicit, not implicit, Federal Reserve Vice Chairman Stanley Fischer said in remarks today.
