Alex JimenezBill shuffles senior executives
Business payments company Bill Holdings named new leaders for product, technology and revenue roles amid a broader restructuring.
SoFi launches native #Stablecoin to all its banking customers
The online bank SoFi is expanding its dollar-backed stablecoin to all of its 15 million members.
https://www.americanbanker.com/news/sofi-launches-native-stablecoin-to-all-its-banking-customers
Even JPMorgan #Payments feels pressure to compete with fintechs
As the largest credit card issuer and merchant acquirer in the country, JPMorgan Payments processes about $12 trillion in payments per day. But it still tries to emulate nimbler fintechs.
https://www.americanbanker.com/payments/news/why-jpmorgan-payments-thinks-like-a-fintech
Even JPMorgan Payments feels pressure to compete with fintechs
JPMorgan Payments processes about $12 trillion in payments per day globally. It is also the largest credit card issuer and merchant acquirer in the country. But to stay on top, the banking behemoth has made it its business to work with, and think like, nimbler fintechs.
OCC aims to derail state card law
The Office of the Comptroller of the Currency urged a judge Friday to block an Illinois law on interchange fees that the agency has preempted.
https://www.paymentsdive.com/news/occ-aims-to-derail-state-card-law/821079/
FIS, banks mull network uses
The payments processor is in talks with banks about possible new strategies for use of its card network.
https://www.paymentsdive.com/news/fis-banks-mull-network-uses/821110/
Tennessee levies tax on remittances
The Volunteer State will add a $10 tax for cross-border payments, and an extra 2% fee for more than $500, under a new law that’s drawn the ire of payments players.
https://www.paymentsdive.com/news/tennessee-levies-tax-on-remittances/821185/
Cash App will be financial ‘protector,’ Dorsey says
As Block reorients around artificial intelligence, the app will become more interactive and predictive, co-founder Jack Dorsey said Tuesday.
https://www.paymentsdive.com/news/cash-app-will-be-financial-protector-dorsey-says/820691/
Trump order seeks to open Fed rails
The administration mandated a review of how the Federal Reserve and federal agencies can aid fintech firms through more central bank access.
https://www.paymentsdive.com/news/trump-order-seeks-open-fed-rails/820730/
AI-fueled scams drive fraud: Visa
Cybercriminals are using artificial intelligence tools for larger attacks that target individual victims, the card network said in a fraud report.
https://www.paymentsdive.com/news/ai-fueled-scams-drive-fraud-visa/820800/
