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i2c, CashFlows Partner To Assist European Payment Card Issuers

PYMNTS

Payments processing and digital banking tech firm i2c has partnered with business payment services provider CashFlows to benefit payment card issuers across Europe, i2c announced on Tuesday (Jan. Cashflows was founded in 2010 and became one of the first independent U.K.

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i2c, CashFlows Partner To Assist European Payment Card Issuers

PYMNTS

Payments processing and digital banking tech firm i2c has partnered with business payment services provider CashFlows to benefit payment card issuers across Europe, i2c announced on Wednesday (Jan. Cashflows was founded in 2010 and became one of the first independent U.K.

Cards 130
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Where Challenger Banks & Incumbents See The Next Digital Banking Opportunity

CB Insights

In the past few years, the burgeoning popularity of digital banks has only underscored the severity of these problems, with upstarts like Chime and SoFi offering cheaper, faster, and more convenient banking experiences. . get the state of challenger banks report. Source: FDIC. Source: PwC. Globally, 1.7B

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Why the branch banking controversy will continue

Celent Banking

Controversy around the wisdom (or not) of investing in the branch channel amidst rapidly growing digital banking adoption is showing no signs of letting up. Consider three articles published in the past week: Bank Innovation covering Associated Bank branch closures to fund digital channel initiatives.

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Top 63 Online Digital Banks for U.S. Consumers (Nov 2023)

Fintech Labs Insights

Consumers have been banking online for 28 years. And from the very beginning, there have been pure-play digital banking startups. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. But unlike ecommerce, digital-only banking was slow to catch on.

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Chase Tries To Win Over More Unbanked Consumers

PYMNTS

According to the Federal Deposit Insurance Corporation (FDIC), the percentage of unbanked Americans fell to its lowest level since the 2007-2009 financial crisis. Bank of America had a free checking account that was popular among low-balance customers, but last year discontinued the program. In 2017, 6.5 percent of 129.3 million U.S.

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Why Aspiration Says Big Banks’ “Bad Decisions” Were Its Gain

PYMNTS

When Bank of America announced last week that it was terminating its free checking option for low-balance customers, a literal Tweet storm broke out. The new program, first launched in 2010, was a digital-only offer for customers with low-balance checking accounts.

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