Citi shuffles leaders, revamps retail biz as CFO plans exit
Incoming CFO Gonzalo Luchetti will take over as the megabank pursues key financial targets in 2026.
https://www.americanbanker.com/news/citi-shuffles-leaders-revamps-retail-biz-as-cfo-plans-exit
Block eyes services for preteens
The company aims to make savings and card services available on its Cash App digital wallet for preteens. The tools would presumably be managed by parents.
https://www.paymentsdive.com/news/block-eyes-services-for-preteens/806050/
This #GhostTapping scam can steal money from your mobile wallet or card - how to block it
Scammers or fake vendors can exploit tap-to-pay and NFC transactions to steal money from your credit card or mobile wallet. Here's what you need to know to stop them.
#FinTech #FinServ #Banking #Payments #PayTech #CyberSecurity
How BMO built an employee-driven social media strategy
BMO's earned media value rose from under $100K to nearly $1 million in 2022.
https://www.americanbanker.com/news/how-bmo-built-an-employee-driven-social-media-strategy
Dems dig into #BNPL
A group of Democrats queried seven buy now, pay later companies for information about who uses their services and how often.
https://www.paymentsdive.com/news/senate-dems-demand-bnpl-industry-info-consumer-loans/806167/
Smaller bank has a taste for big loans
Limiting the scope of its lending and backing its loans with first liens on tangible assets has helped the $17 billion-asset Beal Bank USA succeed with a strategy aimed at doing nine-figure deals without partners.
https://www.americanbanker.com/news/smaller-bank-has-a-taste-for-big-loans
How consumers see card threats
Many card users say their card issuers haven’t prompted them to take security precautions recently, a J.D. Power survey showed.
https://www.paymentsdive.com/news/consumers-want-more-card-fraud-protection-survey/806174/
The latest move from the Trump administration’s CFPB feels like it was pulled straight from Orwell’s 1984.
Mandatory humility isn’t humility.
It’s intimidation dressed up as virtue.
Banks face challenges ahead of today's ISO 20022 deadline
SWIFT ends support for older non-ISO 20022 payment messaging standards today.
#Stablecoins are going to reduce CRA funding to underserved communities
If the loophole in the GENIUS Act isn't closed, the flow of money into stablecoins will wind up reducing the Community Reinvestment Act funding that many underserved communities rely on for development, writes Kevin Kimble.
Alex Jimenez
