NAPLES, Fla.–ACI Worldwide is buying Western Union’s bill pay solution, Speedpay, for $750 million in cash.
Fresh Today
WASHINGTON—The Federal Housing Finance Agency (FHFA) has finalized a rule to require the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, to issue a single security on June 3, 2019 – the uniform mortgage-backed security (UMBS).
PURCHASE, N.Y.—As the technology that powers wearables gets smarter, fashion brands are driving the next evolution of the wearable market, asserts Mastercard.
JERUSALEM—An Israeli inter-ministerial team is recommending the establishment of a regulatory sandbox for fintech startups, intended to provide early stage companies with regulatory mentoring and time-limited exemptions.
SEOUL, South Korea—South Korea’s financial regulator plans to establish an open interbank payment network this year that can be accessed not only by banks but also financial technology companies, with the goal of bolstering the country’s fledgling fintech business sector.
WASHINGTON–The U.S. District Court for the Western District of Pennsylvania granted preliminary approval of a proposed settlement in the Wendy’s data breach case, which will pay $50 million to financial institutions.
PHILADELPHIA—The cashless society is just about here, right? Not if certain states have their way, which are passing laws to keep cash in play for those who need it.
WASHINGTON–A new report says it is the first to provide a description and analysis of servicemembers’ mortgage choices and mortgage performance, both during and after the housing crisis of the last decade.
LOMBARD, Ill.–Look for just a single Fed rate increase in 2019, for consumer debt levels to flatten, and for purchase mortgages to dominate the business, according to a new forecast from Raddon.
BROOKLYN, N.Y.—Visa and Mastercard are going to have to open their wallets and pay a lot of merchants, following a new court ruling.