Umar Farooq and Max Neukirchen lead an $18 billion unit that touches most of the planet. Here's what they told American Banker about instant processing, how artificial intelligence is affecting jobs and what they look for in new leaders.
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Banks sued the Consumer Financial Protection Bureau last year to stop the 1033 open banking rule from taking effect. Now the Trump administration plans to kill the rule.
8h ago
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The card giant appointed Antony Cahill as its new regional president and CEO; Global Payments further simplifies its business; Curve adds Apple Pay rival to iOS devices; and more in this week's global payments roundup.
May 28
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As real-time payments become more common, UBB's partnership with fintech Pidgin offers a roadmap for smaller banks to stay relevant.
May 27
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Infrastructure provider BVNK will enable the new stablecoin offering and crypto firm Fireblocks' integration services will help facilitate the connection to Worldpay.
May 27
Each year, American Banker recognizes the women who are advancing the payments industry in banking, retail, acquiring, processing and more.
American Banker's Payments Forum conference brought together some of the most effective women in the payments industry to discuss career strategy, adjusting to the fast pace of technology and best practices for taking on new roles.
The industry's top leaders, including The Most Influential Women in Payments, will be on hand to discuss innovation, compliance, risk, crypto and more.
The Most Influential Women in Payments: Next execs discuss risks and rewards of generative artificial intelligence for their firms and careers.
The Most Influential Women in Payments: Next honors women 40 years old and younger who are making a major impact on their businesses, inspiring colleagues and changing the industry early in their careers.
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A joint study by the Federal Reserve Bank of New York and the Bank for International Settlements found that a shift to widespread tokenization would not impact central banks' ability to transmit monetary policy, and that the technology could even prove beneficial.
May 14
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New York State Gov. Kathy Hochul has codified how buy now/pay later lending will operate in the state, taking a heavier hand as the Consumer Financial Protection Bureau loosens its grip under President Trump.
May 13
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Chargebacks are a growing problem, but there are steps banks can take to keep losses from spinning out of control.
May 13
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Checkout-free retail, which enables transactions without a dedicated point of sale, provides a trove of data that can aid dozens of mobile banking functions, though it's not widely used due to difficult upgrades.
May 12
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Navy Federal Credit Union is among the financial institutions that see an opportunity to serve the 20% of Americans born between 1997 and 2012.
May 10