Payment Companies in Regulators’ Scope
🇺🇸 US CFPB recently reminded consumers that funds parked in payment apps are not subject to deposit insurance. The growth of non-bank...
top of page
Search
Frank Tian
Jun 7, 20231 min read
Old Bank/Card Model Still On Fire
The Economist recently published a piece to highlight the resilience of credit cards in developed economies. In the US, the credit card...
Frank Tian
May 5, 20231 min read
💸Check-kiting - Live and Large
In the 2002 movie “Catch Me If You Can”, Leonardo DiCaprio played a top con man who defrauded many banks with fake checks - that was in...
Frank Tian
Mar 24, 20231 min read
💵 FedNow to Come in Summer
Amid the banking crisis, the Fed confirmed the July launch of FedNow. 🟦 𝐖𝐡𝐚𝐭 𝐅𝐞𝐝𝐍𝐨𝐰 FedNow is the instant payment service...
Frank Tian
Feb 23, 20231 min read
🇨🇦 Draft Retail Payment Regulation Out
Earlier this month, the Department of Finance Canada released the proposed Retail Payments Activities Regulations for comments. The...
Frank Tian
Jan 25, 20231 min read
An Unthinkable Partnership
Do you know who is enabling payments behind the coin purchase or virtual gift redemption on TikTok? Here is an unthinkable answer to...
Frank Tian
Dec 7, 20221 min read
🏦 Chase pilots a pay-by-bank product
Even it competes with its own credit card. An ACH payment based on open banking Reduces risk of stored banking account info. Chase sees...
Frank Tian
Oct 7, 20222 min read
💳 Canadian Card Surcharge: How Big?
Starting from Oct 6, Canadian merchants have the option to add credit card surcharges, with the typical exception in Quebec. How big is...
Frank Tian
Sep 18, 20222 min read
👛 CFPB Reports on BNPL
Here is a summary with some highlighted numbers. 🔲 The Data In Dec 2021, CFPB asked for data from 5 major BNPL operators in the US:...
Frank Tian
Sep 11, 20221 min read
🍎 Apple Pay Grows Big - How Big?
Recently an article about Apple Pay volume overtaking MasterCard is quickly circulating. Well, it is not an Apple-to-Apple comparison....
Frank Tian
Sep 1, 20221 min read
💵 Fast Payment Update
FedNow to Come Next Summer What is FedNow FedNow is the instant payment service developed by the Federal Reserve for 10,000+ financial...
Frank Tian
Aug 22, 20221 min read
🎁 Pay Now, Get Later
Apple wants you to pay later, Amazon wants you to pay first. This big tech in e-commerce revives the old model of Layaway. How does...
Frank Tian
Aug 20, 20221 min read
Card Networks Work Hard
With their sheer size, credit card has always been a target. Look at recent headlines: 👇 Affirm: Americans trust their ex more than...
Frank Tian
Aug 10, 20221 min read
🕸️ Open Banking Update in Summer
While open banking rule-making is progressing slowly in the US and Canada, the market continues to develop on its own throughout the...
Frank Tian
Jul 19, 20221 min read
BNPL Regulation Update
BNPL Regulation Update - Slowly, But Surely. The window of regulatory arbitrage is gradually closing in several markets. 🇦🇺 Australia...
Frank Tian
Jul 15, 20222 min read
Meta's Crypto Journey
Meta is shutting down its crypto wallet Novi on Sep. 1st. This shouldn’t be surprising after its crypto ambition evaporated. Here is a...
Frank Tian
Jun 20, 20222 min read
Apple Late for the Pay Later Party
Apple rolled out its own BNPL product - “Apple Pay Later”. It is a questionable move, given the timing and the strategic shift. 🚩...
Frank Tian
Jun 19, 20222 min read
BNPL - Underwrite Your Loan
As Professor G gave his quick take on BNPL, He mentioned credit card guardrails. What guardrails? Many wonders. There are 2 things that...
Frank Tian
May 30, 20221 min read
Credit Card In Rate Rising Cycle
As the interest rate, the rising cycle begins, How does that impact the credit card industry? This Financial Brand piece highlights...
Frank Tian
May 28, 20221 min read
Cash In Wallet
💵 How much cash do you have in your wallet? And how much is outside your wallet? Here is the latest report from the Fed: 👉 Cash Use...
bottom of page