Mar 17, 2021
When the U.S. government decided to provide funds to struggling Americans in the pandemic, it needed a way to move a lot of money to a lot of people quickly. While direct deposit information from tax returns helped, some people who most needed assistance weren’t in the system.
So, the Department of Treasury used...
Feb 8, 2021
The big banks are asking the Federal Reserve to re-examine what companies should be subject to interchange caps on debit transactions imposed by the Durbin Amendment to the Dodd Frank Wall Street Reform and Consumer Protection Act.
In a letter and meeting with the Fed, the Clearing House, a trade association and...
Jan 13, 2021
At the end of 2020, PayPal won an initial victory in its lawsuit against the Consumer Financial Protection Bureau. In this episode, Brian Tate, the Innovative Payments Association’s CEO, talks about what the decision means for the payments industry. He covers the practical implications for payments companies and the...
Dec 22, 2020
As unlikely as it might seem, 2020 ended on a high note for the payments industry. The Federal Deposit Insurance Corp.’s updated rules on brokered deposits will lower the costs of insuring consumers’ deposits for Fintechs and the banks that work with them. This change is the culmination of five years of work on the...
Dec 2, 2020
One of the newest names in the Fintech space comes with a ton of experience. North Lane Technologies revealed its new name in October as part of an announcement about its joining with daVinci Payments under Syncapay, another Fintech company.
In this episode of the IPA Payments Pod, we spoke with Seth Brennan, the CEO of...