Banking
Federal Reserve Lifts FedNow's Transaction Cap to $10 Million
The Federal Reserve raised the per-transaction ceiling on its FedNow instant payment rail tenfold, effective January 1, 2026, clearing the way for larger…
Author
William Elliott
William Elliott covers the intersection of finance and real-life technology — the payment tools, banking systems and AI products that people genuinely keep using. His reporting spans legal software and digital bank licensing, IPO filings through lockup expiry, hardware buying guides, newsroom product reviews, and books — read completely — alongside the reading apps they end up in.
Articles by William Elliott
Banking
How Overdraft Fees Work and What Changed Since Banks Cut Them
The average overdraft fee still runs about 27 dollars per transaction, per Bankrate's checking survey, even after four major banks eliminated the fee entirely.
Banking
Who Gets a Federal Reserve Master Account After Kraken Won Access
The Federal Reserve Bank of Kansas City granted Kraken subsidiary Payward Financial a limited-purpose master account on March 4, 2026 — the first for a digital…
Banking
How Neobanks Without Charters Move and Insure Customer Money
Chime, which went public in June 2025, holds customer deposits at partner banks including The Bancorp Bank and Stride Bank — the standard model for unchartered…
Fintech News
How BNPL Underwriting Split From Card Underwriting in Five Moves
BNPL underwriting runs on soft-pull credit checks, merchant context and per-transaction decisions rather than revolving lines, a split federal regulators have…