Metro Joins Bacs For SMB Direct Debits

PYMNTS

challenger bank Metro Bank has joined the Pay.UK-operated operated Bacs and partnered with Boston payments firm Bottomline Technologies to enable direct debits for small to medium-sized businesses (SMBs), Metro announced on Wednesday (Feb.

Metro 151

RBS Fund Takes Back £50M From Metro Bank

PYMNTS

After Metro Bank recently pulled back from plans to expand and decided to move away from lending for mortgages, the bank said it will return £50 million from the RBS bailout fund, according to a report. Metro got the most money out of the total amount, receiving £120 million.

Metro 153

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

UK Metro Bank Hit By Messaging Scams

PYMNTS

To that end, Metro Bank said earlier this week that at least some of its customers had been victimized by fraud that focuses on text messages sent across telecom companies’ networks that Reuters reported are used to verify transactions.

Metro 221

Metro Bank Pulls Back On Commercial Lending

PYMNTS

challenger bank Metro Bank, the financial institution is reportedly looking to reduce its corporate loan exposure and wind down commercial lending operations. Metro will look to instead focus on residential property financing as it seeks a new chairman.

Metro 151

Alibaba Bids For Metro Brick-And-Mortar Stores In China

PYMNTS

14) when an exclusive report from Reuters said that Alibaba wants to buy a stake in the Chinese wholesale operations of Germany-based Metro AG. Those Metro stores that Alibaba reportedly wants still seem to have some life left in them. with 10 already in operation in the U.S.

Metro 208

Metro Bank Explores Additional Use for AI-Driven PFM Tool, Insights

Bank Innovation

challenger bank Metro Bank could extend its AI-driven money management tool Insights, designed for its retail side, to its business customers. Formed in partnership with Israeli AI company Personetics, Metro Bank is currently preparing to roll out Insights in beta over the summer.

Metro 151

libaba Bids for Metro Brick-and-Mortar Stores in China

PYMNTS

14) when an exclusive report from Reuters said that Alibaba wants to buy a stake in Germany-based Metro AG’s wholesale operations in China. Those Metro stores that Alibaba reportedly wants still seem to have some life left in them.

Metro 141

Washington’s Metro System Plans For Mobile Payment Future

PYMNTS

Mobile fare payment is the future of transit, giving customers the ability simply to tap their phone and go, all without stopping at a fare vending machine or using a separate card,” Metro General Manager Paul J. Not only will this be a better, easier experience, but will cost less to operate.”. Mobile Payments mobile app News Payment platforms Transit Payments Washington Metro What's Hot

Metro 164

Restaurant Operator Blames Bankruptcy On Wage Hike

PYMNTS

an eatery operator with 35 restaurants, has filed for bankruptcy and is blaming the misfortune on a recent minimum wage hike in court filings, according to a report by Bloomberg. Restaurant Unlimited Inc.,

Cloud Is Key To Metro Bank’s Growth Strategy

Perficient Financial Servies

Metro Bank, a financial institution that has over 40 “stores” in Britain, has officially migrated its core banking IT infrastructure to a private cloud that will be managed by Rackspace. The cost of running the applications in-house were too high and the speed at which they processed information was too slow, making it difficult for the company to streamline its operations and grow its business.

Metro 53

A WhatsApp Rumor Challenges a Challenger Bank

Bank Innovation

Bloomberg Daily Post 3 Exclusive Operations challenger banks digital banking Metro Bank WhatsAppIt was only a matter of time before confidence in the financial system would be tested by false information on social media.

Mumbai Bus Operator To Test India’s National Transit Card

PYMNTS

India’s One Nation One Card will be test-piloted with Mumbai bus operator BEST in November, NFCWorld reported on Tuesday (Aug. Transit passengers will be able to use the card to travel on the metro and suburban railways across India, as well as on buses.

Taking Real-Time Payment Rails To The Tipping Point

PYMNTS

Real-time payments are imperative for running successful operations in today’s global ecosystem.

Metro 153

Amazon Expands Amazon Home Services To Twenty New Metro Areas

PYMNTS

Local service providers opt in based on where they operate and the services they offer. The service availability has also increased to include 50 metro areas around the country. Amazon announced Monday (Nov. 14) it has expanded its Amazon Home Services into 20 new metropolitan markets around the country.

Metro 143

How ‘Computer Vision’ May Change Banking

Bank Innovation

Compliance Exclusive Features Innovations Operations Payments PFM Premium Retail Risk Security Wealth Management AML artificial intelligence chatbot chatbots DBS Bank IBM IBM Watson KYC machine learning Metro Bank NCR Nomi Personetics RBCChatbots are great for personal interactions with banks, but the camera may soon provide an even more powerful tool for gauging customer sentiment. By reading the expression on a customer's face, the way another human would.

Metro 127

Metro Bank partners with Bottomline to enable direct debit for SMEs

The Paypers

Metro Bank has announced it is joining Bacs, the Pay.UK-operated operated payment system, according to Electronic Payments International

CYBG Snubbed For RBS Funds

PYMNTS

Reports in Reuters late last week said Metro Bank, Starling Bank and ClearBank have been awarded funds to boost small business lending and banking competition. 365 million: the total sum of RBS grants awarded in the first round to Metro Bank, Starling Bank and Tide partner ClearBank.

Metro 172

Thoughts on Branch Transformation 2016

Celent Banking

For banks engaged in substantive branch transformation efforts, the timeline between pilot design and implementation demands a revisiting of the original operating assumptions, lest they be found to be outdated. Banking Retail Banking branch transformation Capital One mBank Metro Bank

Metro 130

After joining Faster Payments, Metro Bank partners Post Office

The Paypers

(The Paypers) Metro Bank has become a fully operational participating financial provider of Faster Payments , the UK’s 24/7 real-time payment service

Commuters In India Will Soon Need Only One Transport Payment Card

PYMNTS

Metro authorities in India are planning to launch automatic fare collection (AFC) gates that will work with the country’s National Common Mobility Card (NCMC) that was introduced in March by the Ministry of Finance , according to reports on Thursday (Jan.

Metro 173

Things worth reading: 1st February 2019

Chris Skinner

Metro 156

UK SMB Challenger Bank Competition Ramps Up

PYMNTS

challenger bank Tide is closing in on surpassing the market share of competitor The Co-Operative Bank , reports in AltFi said this week, highlighting the traction that new market entrants are gaining.

Metro 163

Bank of the West Adds ATMs for Young Customers on the Move

Bank Innovation

Bank of the West recently added 143 ATMs across the Denver and Sacramento metro areas through an agreement with ATM operator Cardtronics. One target? Millennials, actually.

Denver 130

The 2019 GonzoBanker Awards

Gonzobanker

By year’s end, Hill had been shown the door and now Metro is stabilizing its reputation as the highest priority. GonzoBankers, 2019 was a year of extremes. On the one hand, uncertainties about the economy and growth opportunities were constant.

Idaho 99

OTP vulnerability raises SCA questions

Bobsguide

Market participants warn that a known vulnerability in telco operations could prove problematic for banks using one-time passwords (OTP) to authenticate transactions, once PSD2’s SCA deadline rolls around in September. Earlier this month, Metro Bank was hit by fraudsters exploiting the

Metro 91

The Big Gorilla

Independent Banker

Sarah Getzlaff, executive vice president and chief operating officer at First Security Bank of North Dakota, sees the detrimental effects of overly complex regulation in everyday operations, particularly in lending. Operations & Management General Highlighting

Bankers Call For Overhaul Of RBS Fund Program

PYMNTS

million) to help with banking investments, but last week, Metro Bank , which received the biggest reward, said it would give back 50 million pounds ($63.8 They included Arbuthnot Latham, CYBG, The Co-operative Bank, Hampden & Co., Bankers in the U.K.

Metro 151

Revolut To Name David MacLean Its New CFO

PYMNTS

Revolut is set to appoint Metro Bank executive David MacLean as its new chief financial officer. He has served as the finance director at Metro since 2016, and will remain on board until October while it searches for his replacement.

Metro 180

Retailers Eye Industry-Shaking Innovation With Accelerators

PYMNTS

Retailers are turning to accelerators to drive innovation, and Target is taking its program to the international stage: It is teaming up with Germany’s wholesale and food specialist METRO AG for its cohort this year.

Visa, Planeta Team Up on Speedier Contactless Mass Transit Payments

PYMNTS

25) that they have launched new technology that speeds contactless payments for mass transit and lowers the cost for transit organizations and operators to offer that payment option. Visa and Planeta said on Monday (Feb.

Metro 237

Amazon Adds More Cities To Whole Foods Delivery

PYMNTS

metros. metros, with plans to expand further this year. Amazon and Whole Foods Market announced on Wednesday (April 10) that delivery of Whole Foods Market products via Prime Now has been expanded to nine more cities.

Metro 181

Walmart To Expand Delivery Unlimited Program

PYMNTS

Delivery Unlimited is the next step in that journey,” Tom Ward, senior vice president, digital operations, Walmart U.S., With the positive response of shoppers, Walmart says, the company is growing the offering to all 200 metro areas where Grocery Delivery is currently available.

Tampa 265

China Tests Facial Recognition Subway Payment

PYMNTS

A subway operator in Shenzhen, China is testing facial recognition software, powered by a 5G network, to pay for entry, according to reports. The technology was designed by Shenzhen Metro and telecom company Huawei.

Metro 236

New Payment Rails Take On Real-Time B2B Friction

PYMNTS

The UPI stack offers application programming interfaces (APIs) to support corporates UPI integration in a range of their back-office operations, including payments, collections and refund processing. ” Metro Bank Loops SMBs Into Bacs.

Metro 194

Uber, Lime Pause Some Ridesharing Services

PYMNTS

And as it continues monitoring coronavirus developments, Waymo is pausing its Waymo One service in Metro Phoenix with trained drivers, the company said in a series of tweets. “We’ve In an effort to restrict the growth of COVID-19, Uber has started to halt its pooled rides option in the U.S.