PYMNTS

OCTOBER 1, 2020

The great digital shift is transforming credit cards into money management tools. Consumers want cards, and they want them quickly, and they want those cards [delivered] in a digital way," said Turner. Those processors will in turn work with issuing banks to offer near-instant issuance of cards.

Cards 249

Cards Management Tools Guidelines 249

PYMNTS

JULY 15, 2019

Card delinquencies have remained steady at Bank of America , which reported June credit card delinquencies of 1.56 According to news earlier in the month, large credit card issuers in the United States reported lower delinquencies in May. percent compared to 2.83 percent in May. percent for a three-month average.

Cards 122

Cards America United States Comparison 122

PYMNTS

APRIL 5, 2019

Bank of America said it’s going to modernize more than 50 percent of its branches to match the changing way people bank, according to a report by Reuters. We have been very encouraged by the initial results of our center redesigns and expansions,” said Aron Levine, head of Consumer Banking and Investments for Bank of America.

America 128

America ATM United States Cleveland 128

CB Insights

DECEMBER 10, 2020

Bank of America and the traditional banking system is being disrupted across a wide variety of core revenue streams. . The banking industry has not been spared from the impact of Covid-19. Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. Investment banking.

America 101

America Lending Cards San Francisco 101

PYMNTS

JANUARY 15, 2020

Zelle peer-to-peer (P2P) payments increased 76 percent year-over-year in the fourth quarter of 2019, Bank of America said on Wednesday (Jan. In its Q4 financial release , Bank of America also gave updates on its mobile and digital efforts. As it stands, Bank of America now has 38.3

America 132

America Mobile Cards Digital Banking 132

PYMNTS

JANUARY 21, 2021

Stats from banks, pretty much across the board, have given evidence that consumers have been pivoting to their mobile devices to attend to their everyday financial needs. In just a few recent examples: Bank of America said this past week that active mobile banking users rose 6 percent to 30.8 million during the quarter.

Mobile 252

Mobile Report Trends Digital Banking 252

PYMNTS

JULY 3, 2019

” Users will have access to both digital and physical prepaid cards for online and offline purchases. They will not need a formal credit history or a traditional bank account to use the services, and the Airfox Mastercard will make it even easier to get cash from most ATMs in Brazil.

Digital Banking 100

Digital Banking ATM America Security 100

PYMNTS

JULY 23, 2020

Open banking has been picking up steam in Latin America for more than two years. Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year. The creation of open banking initiatives in the E.U.

America 165

America Regulation Regional Tools 165

PYMNTS

FEBRUARY 28, 2020

Our customers are increasingly engaging with us digitally,” said Capital One spokesman Derek Conrad. “We We continue to see steady growth in mobile banking, online banking, enhanced ATMs, remote deposit capture, etc., Conrad also said the bank is working to make sure all of its customers have access to online banking.

Capital 209

Capital ATM Customer Experience Cards 209

PYMNTS

JUNE 13, 2018

Barclays announced that it has appointed Shane Holdaway as the company’s CEO of its cards and payments division in the U.S. For the past five years, Holdaway was the president of Capital One’s Canadian division, and played a leading role in the company becoming the exclusive credit card issuer for Costco Wholesale Canada.

Capital 100

Capital Cards Delaware Payments 100

PYMNTS

JANUARY 20, 2020

With an eye on segment performance, she said JPMorgan Chase card, merchant services and auto revenue were up 9 percent driven by higher card NII on loan growth as well as the impact of higher auto lease volumes. Overall, international and North American consumer banking were up 4 percent, as measured by year-over-year revenue growth.

Cards 134

Cards America Course Mobile 134

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Stripe really did come about because we were really appalled by how hard it was to charge for things online.” — John Collison.

Online 98

Online Company Retail Payments 98

PYMNTS

OCTOBER 8, 2020

EMEA, Asia and the Pacific and Latin America. one of the biggest payments processors in the world, one of the top 3 banks in Brazil, one of the big four banks in Australia, the largest national card processor in Europe, and several others),” according to the release. And meanwhile, 35.7

Report 247

Report Fraud Risk Management America 247

Bank Innovation

JANUARY 13, 2017

You might as well call them e-Bank of America and Wells Fargo Digital Bank. 3 ranked banks in the U.S., respectively, today for the first time released usage numbers for their digital banking operations, and they are eyepopping. Both BofA and Wells, the No. BofA got 112 Read More.

America 150

America Digital Banking Operations Marketing 150

Chris Skinner

APRIL 23, 2017

The more I think about … An interview with yours truly on today’s issues for banks I was recently asked a set of questions by.BANK and duly answered. The interview is now online so I thought I would share it here ….BANK: It is blockchain like, but more scalable and robust by using a network structure rather than a chain.

America 184

America Leadership Maine blockchain 184

PYMNTS

OCTOBER 28, 2019

Discover customers can enroll in Zelle using the Discover mobile app or the online account center. In addition to offering money transfers with Zelle, the Discover mobile app also lets customers temporarily freeze their debit card in case it is misplaced, deposit checks by phone and pay bills.

Payments 101

Payments ATM Mobile Cards 101

PYMNTS

JULY 30, 2019

As a result of dLocal’s recent expansion, merchants wanting to sell in Indonesia will be able to accept online cash payments, credit card payments from Visa, Mastercard, JCB and American Express, e-Wallet payments from OVO and LinkAja, and bank transfers.

Marketing 182

Marketing Payments Cards America 182

Gonzobanker

DECEMBER 14, 2023

For decades many thought it would never happen but now America’s Credit Unions is becoming a reality. The Cornerstone Mea Culpa Award – goes to our call of TD Bank’s acquisition of First Horizon as the best deal of the year only to have the deal called off. Paul wrote the “ Online Banking for Dummies ” book in the late ’80s.

Fintech 195

Fintech Community Regional Technology 195

PYMNTS

JANUARY 15, 2021

What’s in the cards? Morgan released reserves, yes, but kept its reserves tied to the card business intact, at $17.8 billion, even as card loans gained slightly, and the net charge-off rate declined. It’s clear that banks’ customers view deposits as a safe haven. But the questions loom: What comes next?

Course 152

Course Conference Mobile Cards 152

PYMNTS

APRIL 23, 2019

It’s about learning from their experience in China and in other Asian markets to inform our Latin America strategy,” Barbieri told Reuters. Uala offers users prepaid Mastercards, metro card refills, digital payments and bill payment services. listed MercadoLibre and online travel company Despegar.com.

Mobile 155

Mobile Metro Regional America 155

PYMNTS

JANUARY 13, 2021

According to reports , the Girls Scouts of America (GSA) organization sells more cookies annually than Oreo does. Lest it seem team PYMNTS is a bit over-enthused about the coming cookie rush, at least it can be said we are not alone. Girl Scout cookies, apart from being delicious, are big business. Really big. Billion.

National 166

National New York Leadership Analysis 166

PYMNTS

JUNE 29, 2020

Wealthfront , the online investment service firm, has added checking features to its app. The Palo Alto, California startup said the no-fee account is the company’s latest move to build a next-generation banking service that is branchless, automated and optimizes every dollar.

Fintech 151

Fintech California New York ATM 151

Gonzobanker

OCTOBER 12, 2022

Less than 10 years old, the Brazil-based digital bank counts 70 million clients across its three operating countries ( source ). The largest fintech bank in Latin America, this master of digital marketing – known for creating cool products with strong organic growth – continues its massive expansion in Mexico and Colombia.

Fintech 97

Fintech United States Chicago Mobile 97

PYMNTS

AUGUST 5, 2016

trillion in paper currency in circulation being used outside of the United States, according to the Federal Reserve, it’s clear that the demand for cash remains high despite today’s digital banking environment. Bank of Ireland in Europe and United Overseas Bank Ltd. With about half to two-thirds of the $1.4

United States 100

United States America Digital Banking Report 100

Fintech Labs Insights

DECEMBER 5, 2016

But community banks and credit unions should have mobile and/or online banking listed in primary or secondary navigation. US Bank has always been good at doing just that. Recently, BofA has been promoting its online/mobile features with a homepage promotion ( see screenshot #1 below). Redeem credit card rewards.

America 12

America Digital Banking Marketing Mobile 12

PYMNTS

JUNE 28, 2018

As digital banking and payments become mainstream, financial institutions (FIs) are stepping up their efforts to improve customer engagement (CE). More than half – or 56 percent – of FIs plan to focus on digital wallets over the next three years. Thirty-nine percent of FIs plan to focus on loyalty over the next three years.

Examples 109

Examples Samsung America Innovation 109

PYMNTS

MARCH 18, 2019

The accounts come with debit cards, digital payments and free check cashing, but do not allow overdrafts.”. Thasunda Duckett, chief executive of Chase Consumer Banking, told the news service she “hopes the new accounts will attract more low-income individuals and people who have never had bank accounts.”

America 175

America Survey FDIC System 175

Fintech Labs Insights

APRIL 28, 2024

However, when it comes to trusting someone with your money, many small business owners prefer to deal with someone they know personally, even if it means they might not get the latest online banking features or the best interest rate. 186 15 Citizens Bank 9.0 $225 225 16 M&T Bank 8.3 $209 209 17 Key Bank 7.8 $186

Conference 15

Conference US Digital Banking Cards 15

PYMNTS

JULY 16, 2018

This week, the lucky winner is Macy’s , which disclosed to the world that hackers had obtained names and passwords of online customers — and might have accessed credit card numbers and expiration dates as well. Citizens Rolls Out Digital Bank.

Cards 100

Cards Data Digital Banking Retail 100

PYMNTS

NOVEMBER 12, 2020

A focus now on unbanked and underbanked Americans takes advantage of momentum in the digital payments space as more connected and interoperable services come online. Because for those with a smartphone but not a bank account or charge card, life is extra tough right now.

Mobile 202

Mobile Study Tools FDIC 202

Bank Innovation

MAY 30, 2018

Citigroup has a digital-heavy, branch-light business approach that extends beyond its National Digital Bank platform (announced in March and currently in testing phase), according to Stephen Bird, CEO of Citi’s Global Consumer Banking.

Strategy 249

Strategy National Digital Banking America 249

PYMNTS

FEBRUARY 25, 2019

His main exposure to the payments industry was using his Bank of America debit card to pay for things at the store. That brought about an idea to create a card that would give kids — who didn’t have a credit card, but did have access to high-speed internet at school — a way to buy things online.

Innovation 137

Innovation Cards Maine Online 137

PYMNTS

MAY 24, 2016

The rise in digital and online banking hasn’t deterred banks in the U.S. Bank of America Finance Director Paul Donofrio told reporters that these branches still hold a purpose in today’s world; it’s just a different purpose than it was before.

Fintech 100

Fintech America Retail Report 100

CB Insights

AUGUST 3, 2017

Latin America’s fintech scene is gaining momentum, with 80+ fintech deals closing for around $300M in 2016, and over 100 deals already closed in 2017. Latin America fintech companies are creating solutions aimed at rethinking banking, lending, and payments in the region. Digital Banking. LatAm Fintech.

Company 65

Company Fintech Comparison Marketing 65

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. Note: These are the rankings from 10 years ago.

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

DECEMBER 1, 2016

Since the bank’s unauthorized account scandal rocked the financial world — sending its CEO and chairman, John Stumpf, out the door and causing the company to cough up $185 million to settle claims — Mayo said Wells Fargo’s new management has “more openness” to possible branch closures.

America 100

America Study Mobile Data 100

PYMNTS

MARCH 2, 2018

Cash back programs are nothing new for financial institutions (FIs), but the banking industry may be well-served to take a few cues from the masters of rewards: retailers. Despite incentives, a new study found debit cards appear to be more popular than credit cards, especially among younger customers. Think like a retailer.

Millennials 101

Millennials San Diego Cards Retail 101