Last week, we featured a report that stated the Fed would be reaching a decision this week about a cut to debit card fees for merchants. Yesterday, they came back with a plan. The Fed proposed a cut of 30% to merchant fees when consumers shop with debit cards. The result is a drop from 21 cents […]
Enjoying our podcasts? Don’t miss out on future episodes! Please hit that subscribe button on Apple, Spotify, YouTube, or your favorite podcast platform to stay updated with our latest content. Thank you for your support! There are tens of millions of Americans who have limited access to credit. Those with thin files or FICO scores below 650 often have […]
Matt Bodkin Matt is a seasoned editorial cartoonist with a Bachelor of Fine Arts from Long Island University. He brings a strong background in the newspaper industry and skills in arts and design to his work. He aims to distill complex issues into funny doodles that resonate with readers. View all posts .pp-multiple-authors-boxes-wrapper.box-post-id-45383.pp-multiple-authors-layout-boxed.multiple-authors-target-shortcode.box-instance-id-1 .box-header-title { […]
The financial world is no stranger to fraud. According to a study by the Federal Trade Commission, fraud rates have increased consistently over the past three years. In 2022, consumers lost over $8.8 billion to scams. However, there is another beast that has plagued financial institutions and merchants. One that over 30% of Americans participate […]
The bustling Brazilian market for digital banks has grown in variety. Thirty-billion-dollar Nubank is expanding aggressively throughout Latin America. PicPay, a digital wallet, is signing up millions in Brazil, while Mercado Pago, the fintech arm of Argentine e-commerce giant Mercado Libre, is growing by leaps and bounds in the region. Traditional banks have rolled out […]
When a bank’s president says that executives are “talking internally about having a refresh on our due diligence protocols,” it’s not necessarily cause for concern. Maybe they just want to shake it up a bit. Given the current economic climate, improved due diligence is probably a good idea. But, in some cases, a “refresh” seems […]
Andrew Jamison, co-founder and CEO of Extend Hi guys, welcome to the Fintech Coffee Break. I’m your host Isabelle Castro. This week I shared my coffee break with Andrew Jamison, co-founder and CEO of Extend. SMBs have continued to be underserved by the banking ecosystem, and have been hit with even more challenges as the […]
As the cost of living crisis continues, more workers are turning to side work to make ends meet. Studies indicate that around one in every three adults in the UK now have multiple incomes, citing economic necessity. Of those who haven’t, over 40% are considering taking on another side job. The search for a side […]
Proposed regulations recently released by the Treasury Department help bring added clarity to participants in the digital asset economy. But the process is far from over. Investors, centralized crypto exchanges, payment processors, some hosted wallet providers, and some decentralized exchanges are the most affected. Miners, stakers and developers are not impacted. In a statement in […]
Back in 2019, a16z uttered the now infamous, “Every company will become a fintech company.” Embedded finance was poised to take on the world in a big way. Trust in traditional banks was at record lows, and the tech had developed enough to make integrating financial services into the fabric of any company a comparative breeze. […]