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In December, the FDIC and OCC issued a proposed rule to modernize the Community Reinvestment Act (CRA). However, the current rules do not address changes in the industry like the advent of mobilebanking. In addition, the Federal Reserve did not join the FDIC and OCC on the proposal.
FIS, Fiserv or Infosys will be tapped to provide the processing software for Robinhood’s upcoming mobilebank if it receives approval from the Office of the Comptroller of the Currency. It proposes to leverage those same and other innovative technologies to offer banking services in a safe and sound manner to U.S.
The 2017 FDIC National Survey of Unbanked and Underbanked Households shows: Approximately 6.5% ToneTag is a contactless payments hardware and software provider that can be integrated at both merchant (mobile, point of sale, card readers) and customer (mobile wallet, mobilebanking apps) interaction points.
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