PYMNTS

NOVEMBER 15, 2019

National direct bank CIT Bank is introducing eChecking, a new digital checking account with a wide variety of electronic transfer and payment solutions, the company announced in a press release on Friday (Nov. The new accounts have no monthly fee and offer ATM fee reimbursement of up to $15 a month.

National 123

National Samsung Survey Mobile 123

PYMNTS

JULY 8, 2019

Regulators, particularly in the nations with the largest swaths of unbanked consumers, will say it offers users no easy way to cash in, cash out or reliably spend the Libra currency. At this point, despite a lot of challenger banks rolling out offerings in these areas as “cutting edge” or “innovative,” the reality is they aren’t.

Digital Banking 176

Digital Banking Innovation Cards Lending 176

Bank Innovation

FEBRUARY 19, 2020

Level, a digital banking startup based in San Francisco Calif., Level is also offering 1% debit card rewards and paycheck deposits two days early to sweeten the deal for customers. The company said it’s able to offer these competitive rates because the digital distribution model keeps costs under control. […].

San Francisco 259

San Francisco National Digital Banking Fintech 259

PYMNTS

NOVEMBER 30, 2020

Today in B2B payments, Visa teams up with Razorpay to debut a small business commercial card solution, while Nets is working with Yoba Smart Money to develop small business payment tools. Plus, Australia mulls mandatory eInvoicing, and Emirates NBD launches an omnichannel corporate banking offering.

Cards 160

Cards Payments Tools Regional 160

PYMNTS

OCTOBER 19, 2016

According to Brad Fauss, president and CEO of the Network Branded Prepaid Card Association, the recently released regulations on prepaid cards from the Consumer Finance Protection Board could be another instance of good intentions gone wrong. Around the Digital Banking world. Time will tell.

Regulation 100

Regulation Cards Digital Banking social media 100

Bank Innovation

DECEMBER 4, 2019

Koho, a Toronto-based digital banking startup, is on track to expand its product suite to include credit and savings products in 2020, CEO Daniel Eberhard told Bank Innovation on Wednesday. In late November, the […].

Tools 332

Tools Digital Banking Innovation Cards 332

PYMNTS

JUNE 21, 2019

A recent study conducted by financial services provider Kasasa and The Harris Poll found approximately 84 percent of Americans determine the products and services they desire first, then search for banks or CUs that offer them. percent of all CU members — currently offer some sort of credit card. The Appeal of CU-Issued Credit Cards.

Cards 102

Cards Omaha Minneapolis National 102

PYMNTS

SEPTEMBER 24, 2020

The ongoing COVID-19 pandemic and its associated social distancing and stay-at-home orders have pushed untold services online for easier consumer access, with banking serving as a prime example. We’ll see more and more [of this] action as digital [banking] progresses.”. Fraud Threats To Digital Banking.

Video 205

Video Fraud Digital Banking System 205

PYMNTS

NOVEMBER 30, 2020

Non-bank lenders in Singapore will soon be granted access to the country’s digital payments platforms PayNow and FAST, according to a statement from the Monetary Authority of Singapore (MAS), the country’s central bank, on Monday (Nov. PayNow and FAST enable people to move funds between banks and digital wallets.

Payments 170

Payments Digital Banking Groups Cards 170

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 14, 2020

China’s central bank gave Mastercard the green light on Feb. 11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. The People’s Bank of China said it has approved an application by Mastercard’s Chinese joint venture to run a bank card clearing business in the nation.

Retail 141

Retail Cards Millennials Fraud 141

PYMNTS

SEPTEMBER 6, 2019

Digital IDs are growing more popular among world governments as well. To help provide these digital IDs, developers are exploring a range of options including blockchain. Developments From Around the World of Digital ID. Other countries are exploring more comprehensive approaches to digital ID.

National 179

National Study Digital Banking Trends 179

NCR

JULY 28, 2017

This convenience offers many advantages to the consumer, but financial institutions and consumers need to recognize one of the biggest disadvantages of this technological expansion: the increased risk of digital banking fraud. Digital banking fraud affected 14 percent of consumers in 2016, up from 12 percent in 2015.

Fraud 74

Fraud Digital Banking Survey Security 74

NCR

JULY 31, 2017

As we explored in the first part of this two-part guide, digital banking fraud is an escalating threat to financial institutions and their customers. Digital banking fraud can take many forms, such as identity fraud and account takeover , which are becoming increasingly common. million in 2016.

Fraud 74

Fraud Digital Banking social media Security 74

PYMNTS

JANUARY 29, 2019

The Union of Arab Banks (UAB) has said in a study that such a movement would change the way Arab banks provide financial services. . As pertains to Egypt banks, e-Cards (and, in tandem, electronic payments) have swelled to more than 30 million cards as of June 2018, as estimated by the country’s central bank.

Fintech 145

Fintech Cards System Groups 145

PYMNTS

SEPTEMBER 15, 2020

In today’s top news in digital-first banking, Goldman Sachs has launched a personal finance offering for customers of average means, and Franklin Templeton’s Singapore subsidiary has joined forces with Razer Fintech. Plus, First Horizon National Corp. Hotels.com Debuts Loyalty Program Visa Card.

Tools 131

Tools Fintech Tennessee National 131

PYMNTS

JULY 7, 2020

Using credit cards (aka spending the bank’s money instead of your own) seemed so cool — until it suddenly wasn’t nearly as cool anymore. Those who have lost jobs or faced employment insecurity may be less certain that they can pay off debts and thus prefer to spend only the money they have in their bank accounts.

Cards 135

Cards Millennials Conference America 135

PYMNTS

NOVEMBER 10, 2020

PSCU , which is billed as the nation's premier credit union service organization (CUSO), has announced its new Enhanced Fraud Services system, which the company said “has helped 10 early adopter credit unions combat fraud of all types, ranging from first-party chargeback fraud to identifying card information being sold on the dark web.”.

Fraud 151

Fraud Virginia Florida Risk Management 151

PYMNTS

JANUARY 11, 2021

Moreover, Capital One 360 Checking customers will have the ability to use 34,000 MoneyPass ATMs surcharge-free throughout the nation. The hackers breached the security of "a third-party file-sharing service," according to a news release from the central bank. IRS Error Puts Stimulus Payments in Wrong Accounts.

ATM 145

ATM Capital Digital Banking National 145

PYMNTS

NOVEMBER 23, 2020

The Office of the Comptroller of the Currency (OCC) has put forward a personal banking rule meant to level the playing field. The regulation would guarantee that everyone would have equal access to banking services provided by federal savings associations, national banks, and federal branches and agencies of foreign bank organizations.

Analysis 162

Analysis Digital Banking Report Regulation 162

PYMNTS

SEPTEMBER 23, 2020

The Office of the Comptroller of the Currency (OCC) has issued guidance on stablecoins, which are digital currencies backed by traditional currency. 21) clarified the authority for federal savings associations and national banks to keep reserves for clients who issue stablecoins. Bank Team On Virtual Cards, Expense Management.

Cards 214

Cards Payments Management Software 214

Gonzobanker

JULY 7, 2015

Yet while the demos and screen shots at events like Finovate have provided fascinating fodder regarding the future of digital banking, the FACTS show that these buzz-worthy players have had infinitesimal impact on market share. Bancorp Bank (Simple/PayPal et al) 1,495,558 4,499,959 3,004,401. billion in 2010. What’s Next?

Digital Banking 60

Digital Banking Industry Capital Strategy 60

Gonzobanker

DECEMBER 14, 2023

Through a unique reverse merger structure and $400 million P/E injection, PacWest made it through a ring of fire and the two have created a $36 California business banking franchise while helping to calm a bank panic in the spring of this year. Merger of Equals Deal of the Year (Bank) – Burke & Herbert Financial Services Corp.

Fintech 194

Fintech Community Regional Technology 194

PYMNTS

JULY 15, 2019

Digital innovation enhanced the company’s Q1 earnings performance, which surpassed analyst’s predictions. However, the bank’s recent decision to shut down Finn , its digital banking app that targeted a younger clientele, could affect mobile user statistics in their second quarter report.

Innovation 139

Innovation Millennials Conference cryptocurrency 139

PYMNTS

JULY 24, 2020

As a CU for the United Nations community, however, United Nations Federal Credit Union (UNFCU) holds a unique, global perspective into the role that these financial institutions (FIs) can play to support payments innovation on multiple fronts. . in markets like Kenya, mobile payments are the norm.

Innovation 201

Innovation Payments Leadership National 201

PYMNTS

SEPTEMBER 28, 2020

This week's look at the latest in bank-FinTech collaboration and open banking initiatives finds treasury management in the spotlight. Plus, a new challenger bank in Italy has plans for the nation's largest open banking platform. HighRadius & Commerce Bank. Illimity & HYPE.

Fintech 204

Fintech Tools Groups Management 204

PYMNTS

JUNE 28, 2018

Coverage includes Amazon’s latest healthcare move, along with a new digital banking service in the U.K. PayPoint said the deal gives the digital bank access to a network that is larger than all the banks, post offices and supermarkets combined. Visa, Mastercard May Reach Settlement In Card Swipe Fee Suit.

Digital Banking 101

Digital Banking Mobile Cards National 101

PYMNTS

JULY 21, 2020

In spite of their small size, they play a critical role in both their local and national economies. Microbusinesses have to pay bills, and they want to set up card acceptance programs and mobile and digital-wallet platforms for payments. If credit unions can manage both sides of that, that is a winning equation.

Cards 208

Cards National Tools Innovation 208

PYMNTS

JULY 17, 2020

According to that research , roughly a third of consumers would consider switching financial services providers to get better digital services attached to their cards. FIs can hold their own and even bring some advantages to the table, he said, but it’s not just about going digital. The Three Things Smart FIs Must Offer.

Regional 198

Regional Cards National Trends 198

PYMNTS

JULY 18, 2018

In India , Visa is offering consumers a contactless payWave card that allows consumers to complete a transaction without having to enter a PIN or sign a receipt for amounts up to 2,000 rupees, the company said in an announcement. Customers can send money through digital banking platform and/or the bank’s 38 branches.

National 100

National Retail Cards Digital Banking 100

PYMNTS

MARCH 1, 2020

Neobank Niyo has partnered with the National Payments Corp. This strategic partnership will facilitate workers in this segment with a bank account and empowering them [with] digital banking [solutions] as well as financial security. The payment cards use the multilingual Niyo Bharat mobile app.

Fintech 130

Fintech ATM National Maine 130

PYMNTS

FEBRUARY 2, 2021

This week's look at the latest in open banking and bank-FinTech collaboration finds financial institutions (FIs) exploring both partnerships and acquisitions to strengthen their offerings for corporates, while third-party service providers have also boosted their data-sharing capabilities to empower those financial service provider tie-ups.

Fintech 142

Fintech Miami National Data 142

PYMNTS

JANUARY 13, 2021

12) press release , has meant a needed to elevate the level of a digital game already in progress. As the 2021 season kicks off, Girl Scouts are including contact-free pickup and delivery orders through a new national collaboration with Grubhub and opening up cookie ordering nationally to the public on Feb. Billion.

National 166

National New York Leadership Analysis 166

PYMNTS

OCTOBER 8, 2020

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.

Report 247

Report Fraud Risk Management America 247

PYMNTS

APRIL 6, 2020

America is still the most prosperous nation the world has ever seen.”. JPMorgan, the country’s largest bank by assets, is in a solid position to grapple with the financial fallout caused by the pandemic, he said. We have the resources to emerge from this crisis as a stronger country,” Dimon said in the letter. trillion a year.

Strategy 159

Strategy Resources America Cards 159

Gonzobanker

OCTOBER 12, 2022

Less than 10 years old, the Brazil-based digital bank counts 70 million clients across its three operating countries ( source ). Starting with a single product – the humble credit card – Nubank TikTok’d its way to sticky mobile engagements. Don’t Look Back in Anger. Slip inside the eye of your mind.

Fintech 97

Fintech United States Chicago Mobile 97

PYMNTS

SEPTEMBER 21, 2016

With so many consumers turning to digital and mobile banking solutions, it’s more important than ever that financial institutions offer their customers an up-to-date set of mobile and digital offerings. Around The Digital Banking World. About The Tracker.

Digital Banking 100

Digital Banking Mobile Apple Millennials 100