article thumbnail

This Week in Fintech: TFT Bi-Weekly News Roundup 15/07

The Fintech Times

Pennington brings experience across finance, social enterprise and investment as the government looks to expand access to affordable credit for vulnerable borrowers. DBS Bank is expanding its private banking presence in the Middle East and Africa with the addition of Loic Voide as head of private banking for the region.

FinTech 59
article thumbnail

There’s a Push to Ban Junk Fees. Does It Affect Credit Card Surcharging?

Stax

With that said, the absence of federal regulation may only embolden certain states to fill a perceived void by introducing legislation of their own. In 2023, the FTC under Chair Lina Khan drafted a rule that would ban junk fees , but whether the FTC moves forward with this rule after the November 2024 presidential election is in question.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

From Open Banking to Open Finance to DeFi: The Open Evolution of Finance

Finextra

Yet, DeFi also raises new challenges that open banking didn’t have to fully confront – which we’ll get to when discussing governance and regulation. If DeFi is the wild West of open finance, how do governance and regulation evolve to handle this new frontier? In many ways, it’s extending the trajectory that open banking started.

Finance 52
article thumbnail

Fintech Meetup 2025 Review: Speed Networking and In-Depth Content in Vegas

The Fintech Times

FTM has quickly established itself as a major player in the fintech event space filling the void of a large scale Q1 event. Its how people pay for utilities, loans, and even government services. Now in its third physical edition, after launching online during the pandemic, it puts a focus on content, networking and deal-making.

FinTech 59
article thumbnail

Canadian Merchant Accounts: Top-Rated Payment Processing with EBizCharge

EBizCharge

The application form typically requires merchants to provide their business name, contact information, business structure details, estimated monthly processing volume, bank account details, and valid government-issued identification. Level 2 and 3 processing is primarily used for business-to-business (B2B) and government payments.

Process 52
article thumbnail

100+ Payment Industry Terms Explained in Plain English

Clearly Payments

Void Cancelling a transaction before it settles. NACHA The organization that governs the ACH network in the U.S. Reserve Account A fund held to cover future chargebacks or fraud. Refunds & Adjustments Refund Returning money to a customer. Partial Refund Returning part of the total payment. businesses and freelancers.

article thumbnail

Demand For Faster Payments Skyrockets

PYMNTS

real-time payments void has hurt commerce, too, as PYMNTS research finds that close to 39 percent of small to mid-sized businesses (SMBs) have reduced payrolls to help relieve cash flow stress, and nearly 30 percent simply went under. The Paycheck Protection Program (PPP) disbursement fiasco, coupled with the U.S.