On Monday, banks and credit card companies will roll back a new policy that required people to log in through an intermediary to get their financial information.
“It is a backdoor and it is going to hurt consumers, it’s going to make it harder for people to get financial products and services, and it’s also going to drive up the cost of doing business,” Mark Zandi, CEO of the credit card giant Equifax, told ABC News.
As of Thursday, Equifax is allowing anyone to log into their bank accounts using their mobile phone.
That means, in effect, anyone can sign up to receive credit card payments on their bank account without having to actually have an account with Equifax.
A few months ago, credit card firms were cracking down on the practice.
But the latest changes, which go into effect on Jan. 1, are just one part of a broader strategy to crack down on fraud.
In an effort to increase the number of Americans who can use their bank to pay bills, Wells Fargo and Ally Financial have been rolling out an online credit card application called Paypal, that can help customers make payments.
The service has been rolled out to some of the biggest banks, including Barclays, Barclays Chase, and the Royal Bank of Scotland.
As of Tuesday, Wells and Ally said that their new payment app was available to customers in 25 states, as well as the District of Columbia.
And in a statement on Thursday, Wells said: “Paypal is the easiest way for consumers to get paid on their debit card or credit card.
With Paypal they can use a credit card or debit card to make payments, and get paid in minutes, just like online banking.
Consumers can also use the app to pay for a variety of goods and services using their phone, including rent, gas, and groceries.”
The company also said that it has expanded its payment services to other U.S. banks.
On Thursday, banks have been working with the Department of Homeland Security to update its website to reflect the new policy.
In a statement, the department said: “As part of the Department’s ongoing efforts to identify fraud and identity theft, the Department is providing additional information about new fraud protections and new features for people using their bank cards, debit cards, or other financial accounts.
The Department has also provided additional information to banks about their customers’ existing financial security plans and ways to strengthen the protection of their customers and employees.”