Last week, the Federal Reserve implemented a 0.25% increase in interest rates, marking the 10th consecutive rate hike since March 2022. This adjustment establishes the Fed's benchmark rate at 5% to ...

What Is An Account Servicing Payment Service Provider (ASP)? Account Servicing Payment Service Provider, often abbreviated as ASP, is a financial institution or entity that offers payment services to ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

When you’re figuring out where to keep your money, you’ll come across several types of bank accounts. The four basic types are checking account, savings account, certificate of deposit and money ...

Imagine a world where managing your finances is as easy as a few clicks. In the U.S., this is a reality, thanks to its advanced banking system. Wondering what do you need to open a bank account? The ...