Finance News
What an Acquirer Does Between a Swipe and Settlement
The acquiring bank routes the authorization, absorbs the merchant's risk, batches the day's sales, and funds the merchant's account — usually minus fees.
Finance News
Business News reports the commercial position of payment and banking companies: capital raises, valuations, quarterly performance, acquisitions and market share movement among processors and acquirers. Coverage follows consolidation and its effect on pricing. Intended for investors, partners and competitors tracking who gains ground.
Financial performance across payments: funding rounds, valuations, quarterly results, acquisitions and the consolidation reshaping processor share.
Finance News
CFPB's Regulation E Gives Banks a 10-to-45-Day Error Clock
Under 12 CFR 1005.11, a financial institution has 10 business days to investigate a disputed electronic transfer, or must provisionally credit the account and…
Finance News
Federal Reserve Caps Debit Interchange At 21 Cents Plus Fraud Fee
Regulation II limits what large debit card issuers can collect on a swipe to a formula set in 2011 that the Fed proposed lowering in 2023 but has not changed in…
Finance News
CFPB Finalizes Section 1033 Open-Banking Rule With Compliance Starting in 2026
The CFPB's personal financial data rights rule requires the largest banks to open customer data to rival providers on request, with the first deadlines arriving…
Finance News
Q2 2026 Bank Earnings Wrap: JPMorgan Posts Record $21.2 Billion
JPMorgan's July 14, 2026 release set the season's tone: record net income of $21.2 billion with net interest income up 10% and Markets revenue up 35%.