Zelle is launching its own stablecoin and taking payments global
Zelle plans to expand internationally, starting with India, while also launching a new dollar-backed stablecoin called ZelleUSD to support future cross-border payments.
banking
Klarna wants to be your bank now
Klarna is expanding far beyond buy now pay later services. The fintech company has launched FDIC-insured savings accounts in the United States, signaling a larger push to become an all-in-one financial platform for consumers.
UltraFICO wants your bank account data to reshape your credit score
FICO’s new UltraFICO Score goes beyond traditional credit reports by analyzing consumer bank account activity through Plaid. The system could help some borrowers, but it also raises serious privacy questions.
Same Day ACH is getting a $10 million limit and banks are running out of excuses
Same Day ACH is getting a huge upgrade. Nacha has approved a $10 million per payment limit, set to take effect in 2027. While it may not sound exciting at first, this change could reshape how businesses move money, making ACH a more realistic alternative to costly wire transfers.
Chase to take over Apple Card
Apple confirmed that Chase will take over issuing Apple Card in about two years. Users keep all perks, Mastercard stays the network, and longtime rumors of Goldman Sachs leaving the partnership proved accurate.
Visa brings USDC stablecoin settlement to U.S. banks, raising new questions about crypto risk
Visa has launched USDC settlement for U.S. banks, bringing stablecoins directly into VisaNet infrastructure and raising new questions about risk and normalization.
Mastercard introduces new threat intelligence tool to fight payment fraud
Mastercard introduces a new threat intelligence platform that merges payment fraud data with cyber insights to detect and stop attacks before they happen.
Crypto.com’s new 5 percent cash account blurs the line between crypto and banking
Crypto.com’s new Cash Earn program offers up to 5 percent APY paid in CRO while keeping funds FDIC-insured through Green Dot’s Arc platform.
JPMorgan Chase and Coinbase team up to make crypto easier than ever
JPMorgan Chase is teaming up with Coinbase to offer credit card funding, rewards point crypto conversions, and direct bank linking.