On June 20, Nissan North America’s financial services arm, Nissan Motor Acceptance Corp. said it submitted an application with state and federal regulators to form Nissan Bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Mastercard will begin allowing U.K. banks and financial institutions to access its fifth-generation account-to-account (A2A) instant payments via a sandbox later this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
In 2000, USA Today was the most circulated newspaper in the United States. More than 1.6 million copies were printed each day. Over 6.6 million readers picked it up. It sat in every hotel lobby and at every airport gate. It was the newsprint on...
For decades, banking infrastructure meant heavy metal — mainframes, on premises, in-house and legacy systems layered upon legacies. Batch systems and processing, and a set schedule of money movement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
High-income Americans are drowning in debt despite six-figure salaries. LendingClub’s CEO Scott Sanborn believes the solution isn’t more credit — it’s rewarding people for using the money they actually have. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Across more than 10,000 banks and credit unions in the United States, only a small subset has a direct merchant acquiring strategy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
In a digitized financial landscape, traditional banks are facing an imperative to transform their payment infrastructures, driven by customer expectations and competition from digital-first challengers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
They account for 40% of consumers worldwide and will represent 31% of the workforce by 2030. With current purchasing power standing at $450 billion and expected to reach $12 trillion within five years, Generation Z — the demographic born between 1997 and 2012 — is...
As nonbank enterprises offer financial services, aided by traditional financial institutions and FinTechs, the emergence of the banking-as-a-service (BaaS) model has promised to transform lending and platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...