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US Inches Toward Open Banking With CFPB Notice

PYMNTS

The solution, which secured about 20,000 SMBs to pilot the technology in the last year, provides deposit account and payment solutions that aim to compete with traditional banks that, as CEO and Co-founder Eyal Lifshitz described, "nickel-and-dime" businesses. First Horizon Bank Adopts NCR Technology.

US 203
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Deutsche Bank, PNC Plan To Reduce Brick-And-Mortar Bank Branch Footprints

PYMNTS

The financial institution said per the report that it would shutter approximately 100 locations throughout the nation, which would shrink its domestic offices to roughly 400. The company has opened a minimum of 13 “solutions centers” in places such as Nashville, Tennessee and Dallas that provide an alternative to the usual bank office.

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Fifth Third Bank: Business Cash Flow Pains Are Driving Instant Payments Uptake

PYMNTS

Using digital push payments can also help add security to B2B transactions, thanks to the cybersecurity measures that can be grafted into these processes. Many businesses are therefore on the hunt for instant payment systems that can help them send out disbursements or receive funds with the speed and security they need during the pandemic.

Payments 257
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Here’s How Your Tax Day Stacks Up

PYMNTS

Two others, New Hampshire and Tennessee, don’t have income tax either, though residents pay tax on dividends and investment income. Combine this and federal with a typical social security tax of 6.2 For instance, seven U.S. states don’t charge residents income tax. But for the average American, the U.S. percent and a 1.45 percent).

Taxes 100
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D3 Digital Banking Platform Goes Live at First Tennessee Bank

Fintech Labs Insights

The largest Tennessee-based bank, First Tennessee Bank, has gone live with a digital banking platform from D3 Banking. The deployment will provide a personalized banking experience for almost half a million digital customers while lowering costs for First Tennessee Bank.

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Imposter Scams Top FTC’s List of 2018 Consumer Complaints

CFPB Monitor

The report summarizes consumer complaints stored in the Consumer Sentinel Network, a secure online database. Nearly half of these reported scams involved government imposters that falsely claimed to be from the IRS, Social Security Administration, other government agency to get victims to turn over money and/or personal information.

Nevada 74
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End-Of-Summer Edition: Retro Malware, Bitcoin’s Surge ‘N’ Split And Apple Watch Sees Other People

PYMNTS

EST in South Carolina, there will be a total solar eclipse — with Idaho, Wyoming, Montana, Nebraska, Iowa, Kansas, Missouri, Illinois, Kentucky, Tennessee and Georgia all enjoying prime viewing slots between start and finish. PST in Oregon and 2:48 p.m. Bitcoin Surges — And Faces Another Split.

Apple 101