article thumbnail

Corporate Cards Forge More Paths To SMB Adoption

PYMNTS

While representatives for the Fed, FDIC and Treasury did not respond to requests for comment, reports said they are looking into whether American Express deployed deceptive sales practices, with allegations of misrepresented reward programs.

article thumbnail

Fed Seeks Comment On New Operating Hours For Fedwire Funds

PYMNTS

The Federal Reserve has released a request for comment on potential changes to its National Settlement Service (NSS) and Fedwire Funds Service, as well as feedback on a possible new posting time for transactions, and an increased daylight overdraft fee. “On Sept.

article thumbnail

Report: Trump May Blacklist Alibaba Unit

PYMNTS

Reuters said the State Department did not immediately respond to a request for comment. companies is review by the federal End User Review Committee. Ant, according to Reuters, dominates the mobile payments market in China and also offers loans and asset management services.