CFPB, Federal Reserve Board: AI bias can’t be ignored
Following a recent backlash resulting from allegedly discriminatory underwriting methods for the Apple Card, lenders’ moves...
ATM manufacturer Diebold Nixdorf adds branch-like capabilities
Against the tide of dropping ATM numbers globally as customer use cash less often, Diebold Nixdorf...
JPMorgan to Up Tech Spending as Higher Rates Boost Revenue
JPMorgan Chase & Co. said it expects to spend much of the windfall from higher interest...
Card Use Grows Fast as Check Payments, ATM Withdrawals Continue Decline
The Federal Reserve’s triennial report on payments released last week shows accelerated electronic payments growth, as...
The Clearing House Does Not See the Need for the Fed to Create a Realtime Payment Rail
The Clearing House’s “tremendous effort” to bring realtime payments (RTP) to the entire U.S. banking industry...
Bank of America SMB Loan Origination Up 6% Despite Crowded Lending Scene
Even with more nontraditional players making more loans to small businesses, loan origination at Bank of...
Can Fintech Pave a Way for Financial Inclusion?
Federal Reserve Governor Lael Brainard addressed barriers to financial inclusion at a conference hosted by the...
Fed Study: Noncash Payments Fraud Outpacing Growth Overall
Noncash payments fraud in the U.S. outpaced growth in noncash payments overall between 2012 and 2015,...
The Fed Will Not Develop a Digital Currency, But Remains Interested In Blockchain
The underlying technology that powers digital currency remains more interesting to the Federal Reserve than the...
Dwolla CEO: Faster Payments Offer ‘Substantial New Market Opportunities’
It looks like this faster payments thing is going to happen after all. When the Federal...