A New York-based startup is shaking up the stodgy world of banking by offering customers a chance to win prizes as an incentive to save money. Adam Moelis, co-founder and CEO of Yotta Savings, told PYMNTS that the idea of rewarding savers makes sense, given how much people...
Australia’s Westpac Group is partnering with buy now, pay later (BNPL) firm Afterpay to introduce its new banking-as-a-service (BaaS) platform to Afterpay customers, Westpac said in a statement on Tuesday (Oct. 20). Get the Full Story Complete the form to unlock this article and enjoy...
The number of Americans without bank accounts is expected to spike again in the wake of the coronavirus pandemic after hitting a low last year, according to a new report by the Federal Deposit Insurance Corp (FDIC). Get the Full Story Complete the form to...
Bank of America (BofA) said on Wednesday (Oct. 14) that it is seeing a full restoration of customer spending, along with declines in delinquencies on credit cards, car loans and mortgages, even as the pandemic rages on. Get the Full Story Complete the form to...
European digital bank Revolut, the continent’s largest such institution with 13 million users, is close to applying for a U.S. banking license, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Earnings season will pull back the curtain on where banks stand amid the pandemic — not just in terms of trading revenues amid rocky (to put it mildly) equities and fixed income markets. And not just in terms of loan losses. Get the Full Story...
Bank of America is rolling out three new application programming interfaces (APIs) as it supports the growing demand for up-to-the-moment data and processing in business treasury. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Who ever imagined that the ways in which we pay would become so enmeshed in feelings of customer satisfaction, brand loyalty, and the profound commercial affinities now achievable? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
More than 40 percent of United States businesses received at least some of their invoices in 2019 via a form of communication that many younger generations may have trouble identifying, let alone using: fax. Get the Full Story Complete the form to unlock this article...
