EverBank to combine with WaFd in $3.9 billion reverse merger

The Hong Kong Monetary Authority (HKMA) and Bank Indonesia (BI) have signed a memorandum of understanding to strengthen cooperation on QR code-based cross-border payments between Hong Kong and Indonesia, as both sides seek to make transactions faster and more affordable. The MoU aims to establish an effective cooperation mechanism to promote faster, more affordable, transparent,…

For years, credit cards owned the conversation around rewards, loyalty, and everyday spending. That’s changing. As debit cards introduce rewards, buy now, pay later options, and other new capabilities, consumers are increasingly reaching for debit first—and financial institutions are taking notice. On August 19, join Paul Dunning, Director of Business Development at SoFi Tech Solutions,…

The cost of getting paid in B2B commerce is often hiding in plain sight. Finance teams continue to measure payment cost through the most visible inputs: transaction fees, bank charges, interchange, processing costs and the price of specific rails. But for many suppliers and small to medium-sized businesses (SMBs), the more consequential expense begins after…

Bold and arrogant; secure repeat business; questionable tax returns; and other highlights of recent tax cases. Processing Content Skokie, Illinois: Former DeKalb County Schools Superintendent Devon Horton pleaded guilty to three federal charges in a case covering wire fraud involving kickbacks, misuse of school district money and tax evasion in 2022 at his former job…

Why can’t you buy Vegemite in Philadelphia — and what does that have to do with building a wildly profitable online brand? There are invisible forces shaping what you buy. Where you live. Who’s around you. What your local stores do — and don’t — carry. Most of the time, you don’t even realize a…