TheGuardian

DECEMBER 15, 2021

If a bank involved in initiative decides to close a branch, it will inform ATM network Link Major UK banks have agreed to join forces and share services to help people and businesses to continue to be able to access cash. Continue reading.

ATM 98

ATM Groups 98

Chris Skinner

MAY 16, 2018

Apps are the new bank branches and tellers Thomson Reuters to shift forex derivatives business out of London in Brexit preparation TSB accused of ‘dreadful response’ to meltdown Bank of England deputy apologises for ‘offence … The post Things worth reading: 16th May 2018 appeared first on Chris Skinner's blog.

Apple 185

Apple 185

Chris Skinner

DECEMBER 5, 2018

Things we’re reading today include: Citi says it will fall short on efficiency target Bloomberg could sell his company if he runs for President: Business Insider JP Morgan targets mid-sized firms in challenge to European banks TSB staff to get £1,500 each as reward for handling IT fiasco Danske investors … The post Things worth reading: (..)

Company 165

Company 165

PYMNTS

DECEMBER 5, 2019

A glitch at TSB in April of 2018 left thousands of customers locked out of their accounts, with some reporting that they were able to access other people’s details. The TSB IT crash was blamed on moving the banking technology to a new platform before it had been properly tested. regulators on Thursday (Dec.

Regulation 132

Regulation Operations Policies Technology 132

PYMNTS

OCTOBER 1, 2018

“Expanding the package’s eligibility will make the most of the once-in-a-lifetime opportunity to shake up [small business] banking by introducing real competition,” said Tide CEO Oliver Prill in a statement. Without this change, the oligopolistic structures that have served small businesses so poorly in the past are likely to persist.”.

Fintech 161

Fintech Regulation Report Groups 161

The Paypers

FEBRUARY 17, 2022

BankiFi has partnered with TSB to launch Revenu, an app, exclusive to TSB that will allow small businesses to receive quicker payments and to better manage their business finances.

Management 36

Management Payments 36

PYMNTS

JANUARY 30, 2019

As the fallout from Royal Bank of Scotland’s small business mistreatment scandal continues, the effects are being felt beyond the institution and across the entire financial services space. According to the BBC, the APA had a hand in some “decisions that determined business customers’ fortunes.”

Report 116

Report Regulation Groups Conference 116

PYMNTS

FEBRUARY 26, 2020

The BRC Capability and Innovation Fund, which has been handing out capital to challenger banks that focus on small business lending, had promised 30 new locations. The banks beat out better-known organizations like TSB Bank, The Co-operative Bank and CYBG. Metro got the most money out of the total amount, receiving £120 million.

Metro 154

Metro Lending Strategy Taxes 154

PYMNTS

OCTOBER 25, 2019

On a global scale, Vocalink forms part of Mastercard’s New Payment Platforms (NPP) business unit that offers B2B payment services. Last month , Vocalink announced it was partnering with TSB to roll out a solution to help prevent fraud and payment mix-ups.

ATM 100

ATM Innovation Fraud Community 100

PYMNTS

OCTOBER 25, 2019

On a global scale, Vocalink forms part of Mastercard’s New Payment Platforms (NPP) business unit that offers B2B payment services. Last month , Vocalink announced it was partnering with TSB to roll out a solution to help prevent fraud and payment mix-ups.

ATM 100

ATM Innovation Fraud Community 100

PYMNTS

OCTOBER 5, 2020

Small and medium-sized businesses (SMBs) in the U.K. When businesses have tried use different banks, they have found that lenders will only take applications from current customers. Last week, HSBC said it will not open accounts for new business customers because it must first serve its existing customers. .

Metro 141

Metro Report Company Lending 141

Bobsguide

OCTOBER 9, 2018

Starling has acquired 10,000 business customers and 210,000 current account customers to date, with the TSB crisis reportedly bringing in eight times the number of switches to the digital only bank. That’s in an industry where stickiness and customer profitability is key and where it has.

Industry 74

Industry Report 74

TheGuardian

FEBRUARY 21, 2023

The big five banks – Barclays, HSBC, Lloyds TSB, NatWest and Standard Chartered – look set to post profits of £37.4bn as they reveal their earnings for 2022. These are the highest since the 2008 crash and are coming straight from households and small businesses in the form of higher mortgage payments, and increased rates on loans.

Taxes 75

Taxes Groups Report Payments 75

TheGuardian

NOVEMBER 5, 2021

Chief executive says bank is considering new takeover targets after rebuffed offer for TSB This year will mark a “turning point” for the Co-operative Bank, its chief executive has said, with the UK lender on track to report its first annual profit in a decade. The bank, which has 3.2

Operations 52

Operations Report Groups 52

PYMNTS

DECEMBER 21, 2018

Eleven banks have been granted access to a £350 million ($443 million USD) program that will allow for them to take business clients away from the Royal Bank of Scotland (RBS). In addition, RBS is paying £425 million in cash awards to fund its rival financial institutions’ (FIs’) investments in business banking services.

Metro 158

Metro Regulation Meeting Management 158

PYMNTS

MARCH 23, 2020

has been accused by federal prosecutors of “one of the most extreme abuses of trust,” allegedly stealing from small businesses, corporates and nonprofits between 2009 and 2015 in the Philadelphia area. Payroll Professionals Inc. The report surveyed U.K. million in estimated refunds were paid by U.K.

Philadelphia 178

Philadelphia Fraud Taxes Survey 178

PYMNTS

JUNE 18, 2019

The publication said Monday (June 17) that Tide now has 85,000 small business customers, meaning it is only 1,000 SMB customers away from the surpassing customer market share of The Co-Operative Bank. “We s small business banking market. In first place is CYBG, with about 190,000 current small business accounts, reports said.

Metro 108

Metro Operations Marketing US 108

PYMNTS

MARCH 2, 2020

are asking for government intervention in what they call a “farcical” program meant to help business banking after the program experienced a number of setbacks, including one bank returning half of its awarded money, according to a report by the Financial Times. Bankers in the U.K. to give customers more choices in banking.

Metro 131

Metro Operations National Examples 131

PYMNTS

JUNE 4, 2020

But this week’s look at the latest in commercial card news finds growing questions about the reliability of corporates to drive revenues for card issuers with business travel on hold — possibly for the long term. Shopify Introduces Business Card. American Express Eyes Corporate Spend Drop. ” Visa Expands PTSB Collaboration.

Cards 143

Cards Conference Tools Innovation 143

PYMNTS

SEPTEMBER 11, 2017

According to a report in The Financial Times , citing Stephen Scherr, the bank’s head of Strategy, Goldman Sachs is preparing to rollout an online deposit business across the pond by the middle of 2018. The business will be launched under its Marcus brand but may buy deposits if opportunities should arise. Much like in the U.S.,

Online 128

Online Lending Maine Retail 128

PYMNTS

MAY 29, 2019

financial institutions are signing a voluntary code to refund consumer and small business victims for fraud schemes, the BBC reported on Tuesday (May 28). Only a portion of them ever reclaimed their lost funds, but now a group of financial institutions are setting up a central pot of funds to refund fraud victims, including small businesses.

Fraud 122

Fraud Groups Report Meeting 122

PYMNTS

JULY 29, 2019

MacLean will join ex-TSB and HSBC banker Richard Davies who became chief operating officer earlier this month. Some features, like crypto exchange, business accounts and metal payment cards, won’t be available in the beta version. Instead, the company is doing a beta release, with plans to add more users daily.

Metro 122

Metro Cards Company Operations 122

PYMNTS

JULY 7, 2019

Richard Davies, who previously held senior roles at both TSB and HSBC, has been named its chief operating officer. Some features, like crypto exchange, business accounts and metal payment cards, won’t be available in the beta version. Standard Life Aberdeen Co-chief Executive Martin Gilbert became an adviser for the company in March.

Fintech 122

Fintech Cards Trends Groups 122

The Paypers

SEPTEMBER 3, 2019

(The Paypers) British retail bank TSB and payments provider Square have partnered to make card payments more accessible for TSB’s Business Banking customers across the UK.

Payments 28

Payments Retail Cards 28

PYMNTS

AUGUST 22, 2018

’s financial services (FinServ) sector and encourage small businesses to switch providers. TSB Bank and challenger bank Starling are also expected to attend the event, reports said. According to the Evening Express , not all invitees are expected to attend the event, and fewer will be eligible for the funds.

Fintech 101

Fintech Metro Report Innovation 101

NCR

SEPTEMBER 25, 2017

Under the plans, firms that provide personal and business current accounts will be required to publish key pieces of service information, including: How long it takes to open an account and have key features working. How long it takes to replace a lost, stolen or deactivated debit card. ” Still a long way to go?

Marketing 81

Marketing Industry Retail Strategy 81

FICO

MARCH 1, 2018

DataIQ revealed its power list of the most influential business and analytics leaders behind many of the most effective data-driven organisations in the UK last night. The DataIQ 100 recognises the most influential, important and innovative practitioners in UK data-driven businesses. He is a worthy member of our 2018 edition.”.

Analytics 60

Analytics Data Fraud Software 60

PYMNTS

APRIL 24, 2020

The coronavirus outbreak is still ravaging countries worldwide, but it has not eliminated consumers’ and businesses’ need to transact, finalize complex arrangements like trusts, or speak with their bankers about financial products. Business is not continuing as normal, however. Several U.K.

Technology 248

Technology ATM Video Tools 248

NCR

DECEMBER 15, 2017

The UK-based banks TSB and Barclays have recently enabled mobile iris scanning and voice payments via Siri , for example. In recent years, the banking industry has witnessed a particularly notable increase in adoption of these technologies. What are the risks?

Fraud 96

Fraud Security Knowledge Base Analysis 96

PYMNTS

FEBRUARY 11, 2020

Square for Retail on Register has been an absolute game-changer, and has saved our business a lot of time and effort,” said Hannah Richtman, owner of Brooklyn-based vintage store The Break. Square for Retail makes it easy to run our business from anywhere, and we love the smart design of Square Register.

Retail 140

Retail Payments Software Customer Experience 140

TheGuardian

OCTOBER 31, 2023

Regulator figures show huge differences in banks’ treatment of fraud victims, from 94% of claims refunded by TSB to 6% at Monzo The shocking disparity in the way the banks refund fraud victims has been laid bare in figures that show TSB refunded 94% of customer fraud claims in full last year, while for Monzo the figure was just 6%.

Fraud 75

Fraud Regulation System Data 75

TheGuardian

JANUARY 26, 2023

Most employees will receive bonus worth almost 12% of pay for 2022, while CEO will be handed £782,000 TSB’s 5,700 staff and executives are to share a 10% bigger bonus pot this year, after rising interest rates pushed the bank’s annual profits to record highs.

95

95

TheGuardian

DECEMBER 20, 2022

FCA penalises bank after millions of customers were locked out of their accounts for weeks City regulators have fined TSB £48m for “widespread and serious” failings related to the IT meltdown in 2018 that left millions of banking customers locked out of their accounts for weeks.

Regulation 83

Regulation 83

TheGuardian

JUNE 12, 2023

Days after HSBC temporarily pulled down the shutters , Santander said it would stop accepting new applications for its “new business” residential and buy-to-let fixed and tracker rates at 7.30pm on Monday, with deals not becoming available again until Wednesday 14 June. Continue reading.

Online 73

Online Groups 73

TheGuardian

MAY 4, 2023

TSB says 80% of cases in its main fraud categories come from scams on Meta platforms including Instagram Meta has been urged to take action to protect customers from fraud, after TSB said scams via the social media company’s platforms Facebook, WhatsApp and Instagram have soared.

Fraud 75

Fraud social media Maine 75

TheGuardian

JANUARY 6, 2023

Exclusive: Pay committees will factor in regulator’s fines over IT meltdown and money-laundering controls Bankers at TSB and Santander UK are at risk of having their annual bonuses slashed after the high street lenders were hit with multimillion-pound fines by the City regulator last month.

Regulation 76

Regulation Retail 76

TheGuardian

JULY 9, 2021

Deals offered by HSBC and TSB are available only to borrowers with hefty deposits UK mortgage borrowers now have the choice of two loans with interest rates fixed at 0.94% for two years as the price war between lenders heats up.

Marketing 97

Marketing 97