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In Brazil, Banking Customers Turn To Debit, Digital Banking

PYMNTS

These shifts have made digital banking and debit transactions more important than ever. Many United States residents are starting to receive federal relief via direct deposits or checks in the mail, but Los Angeles, California, is turning to prepaid debit cards to offer its own pandemic-related financial assistance.

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PSCU Partners With Lean Industries For Dispute Management

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PSCU, a national payments credit union service organization, is teaming up with dispute management firm Lean Industries to process disputes, PSCU announced in a press release on Monday (Nov. The company will leverage Lean Industries’ AdjustmentHub and NetworkHub solutions to manage dispute services. “As billion transactions annually.

Industry 101
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Bitcoin Daily: OCC Grants Crypto Firm Anchorage Conditional Digital Banking License; Crypto Exchange RG Coins Owner Arrested For Money Laundering

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The Office of the Comptroller of the Currency (OCC) granted digital asset platform Anchorage Trust Company a digital banking license, according to a press release Wednesday (Jan. With the national trust bank charter, South Dakota-based Anchorage will become Anchorage Digital Bank , National Association.

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Today In Digital-First Banking: Ukrainian Bank Teams With FinTech Startup; Oportun Pursues US National Bank Charter

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N26 Introduces New Subscription Money Management Tools. N26 is rolling out a subscription-based online banking suite to help people and companies better manage their expenditures and savings. Singapore Says They’ll Award Digital Banking Licenses By Year's End.

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Western Union CFO On Q2 And The New-To-WU Consumers’ Big Digital Shift

PYMNTS

Management added that WesternUnion.com is currently available in more than 75 countries, with bank account payout in over 100 nations. Ersek went on to particularly praise WU’s continued significant investments in building out its digital cross-border/cross-currency platform in recent years. That certainly has helped out.”.

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NEW DATA: How COVID-19 Is Driving CUs’ Digital Leap

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COVID-19 has closed bank and credit union (CU) branches across the United States, sending the demand for digital banking solutions soaring as consumers hop online to manage their finances from home. FinTechs are also emerging as major CU competitors. We surveyed 4,058 U.S.

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Deutsche Bank, PNC Plan To Reduce Brick-And-Mortar Bank Branch Footprints

PYMNTS

Banks from the United States to Europe are closing bank branches as consumers embrace digital banking amid the pandemic. PNC Bank plans to reduce the count of its branch offices through next year, Fox Business reported. The bank indicated the decision would save a forecast $4.3 In the U.S.,