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America’s consumer watchdog has cancelled a $95 million fine against the country’s largest credit union.
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The Consumer Financial Protection Bureau (CFPB) levied that penalty against Navy Federal Credit Union last year, alleging the lender had charged its members illegal overdraft fees.
But on Tuesday (July 1), the CFPB issued an order terminating that decision, without...
Consumers in Australia are increasingly mobile-first, frequently reaching for their phones as part of their shopping experience. This goes beyond just making online purchases. The average Australian shopper uses their mobile devices to browse or buy nearly every day.
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PYMNTS Intelligence’s latest research finds that Australia is slightly behind the global curve in mobile...
Watch more: Automation Is Reshaping How Retailers Handle Cash
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The enduring significance of physical currency remains a reality, particularly for a substantial segment of the population.
Roughly 20% of America remains underbanked or unbanked, underscoring cash’s continued role across the U.S. and globally.
But as Robert Norman, senior vice president, head of cash...
The wheels of commerce in the trucking and transportation industry are increasingly turning on the speed of payments, a shift driven by operational needs and drivers themselves.
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The “Money Mobility Tracker” for June/July, produced in collaboration with Ingo Payments, revealed an acceleration in the adoption of instant payments within the trucking and transportation...
Watch more: TCH, Comerica Unlock More RTP Network Use Cases Under New Rules
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The Clearing House (TCH) debuted the RTP® network seven years ago and broadened its capabilities this year to accommodate a wider array of real-time payment scenarios.
A development in this expansion is the introduction of revised rules for “on behalf of” (OBO) payments. OBO payments, simply put...
As companies expand their global contingent workforce, efficient cross-border payments become essential, Papaya Global Chief Product Officer Amit Levi writes in in a new PYMNTS eBook, “Halftime 2025: Charting the Future of Payments.”
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Today, contingent workers comprise 40% of the global workforce. Getting them paid accurately and on time is one of the main challenges...
If businesses can weather storms, they can win wars. These days, weathering the unknown is what it takes to survive.
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Rising geopolitical tensions, fluctuating trade policies, and inflationary pressures have upended the predictable operating environment many mid-sized firms once relied on. These companies, often considered the backbone of national economies, are now...
The biggest U.S. banks reportedly increased their dividends after passing the Federal Reserve’s annual stress tests last week.
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Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase...
Eliminating paper checks from government disbursements will reduce fraud and speed up the delivery of payments to recipients, three bank groups told the Treasury Department Monday (June 30).
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The Bank Policy Institute, The Clearing House Association and the Consumer Bankers Association said this in joint comments submitted in response to the Treasury Department’s request...
Global Dollar (USDG), a dollar-backed stablecoin launched in November, is now available to consumers across the European Union.
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USDG is regulated by the EU’s Markets in Crypto-Assets (MiCA), the Finnish Financial Supervisory Authority (FIN-FSA) and the Monetary Authority of Singapore (MAS), the stablecoin’s issuer, Paxos, said in a Tuesday (July 1) press release.
Paxos...