February 28, 2020As B2B FinTech firms continue working to break down silos, and ease the numerous friction points of the B2B payments process for both buyer and seller, the opportunities for data ...
February 27, 2020Credit union members are increasingly placing emphasis on self-services like mobile and online banking for their seamlessness and convenience. And while many CUs are undergoing extensive changes to meet this ...
February 27, 2020Businesses and governments want the speed and convenience of issuing and accepting digital payments, but, at the same time, they cannot afford to alienate cash-dependent consumers. Debit payments are being ...
February 26, 2020PYMNTS recently spoke with Saqib Sheikh, global head of SWIFT’s ISO 20022 program, to learn more about SWIFT’s commitment to assist the financial community in the transition to the new ...
February 25, 2020 Chinese banking and business practices’ potential impacts are favored topics for bankers and merchants: Changes in this market often have ripple effects on global finances. The country’s recent cybersecurity and ...
February 23, 2020If E-Trade Financial Corp walks away from its $13 billion deal with Morgan Stanley, the massive bank will come away with a $375 million breakup fee, according to Reuters.
Morgan Stanley ...
February 23, 2020Millions of Chinese businesses face turmoil and strife in the wake of the coronavirus outbreak and are looking to the banks for lifelines and loans.
A survey of small to mid-sized businesses ...
February 20, 2020Chinese lenders have cut their prime lending rate to try and prop up their country’s economy, which has been ravaged by the coronavirus, according to the Financial Times on Thursday (Feb. 20).
S&P ...
February 20, 2020Google, Amazon and Apple already loom large in nearly every area of consumers’ lives, whether in the form of smart speakers, cloud-computing or content streaming services — just to name ...
February 20, 2020Financial Stability Board (FSB) Chair Randal Quarles has warned global financial regulators that they must accelerate the creation of a framework for cryptocurrency and other forms of digital money, Reuters ...
February 19, 2020Banks across the U.S. are closing branches, but the New York area is seeing more closures than most, Bloomberg reported on Wednesday (Feb. 19).
The area encompasses New York City, its ...
February 19, 2020Not so long ago, payments cyber fraud was done primarily by brute force, through guessing passwords and usernames — a scattershot approach akin to trial and error, conducted by lone ...
February 18, 2020In the battle against fraudsters, financial institutions (FIs) must start at the beginning – literally.
FIs are increasingly vulnerable as they race to become digital – and omnichannel – in a ...
February 13, 2020Biometric VeinID platform Fingopay announced that it is launching an Open Banking retail pilot with Reflow, a payments firm. The partnership has allowed the companies to create a bank-to-bank, face-to-face ...
February 13, 2020To bring digital transformation to banks, and to help them bring their assets to the “digital-first” consumer, look to the platform.
In an interview with Karen Webster, Douglas Brown, senior vice ...
February 13, 2020FIS and PayPal have expanded their partnership so that cardholders of institutions participating in the FIS Premium Payback network can use their rewards points to pay for things at PayPal ...
February 12, 2020Wells Fargo executive Charles Scharf wants to stamp out any hint of scandal by redoing the company’s reporting lines, splitting the banking giant’s three divisions into five.
The Wall Street Journal ...
February 11, 2020FinTech bank N26, based in Germany, will no longer operate in the U.K. following Brexit, according to reports. N26 customers will need to transfer deposits, spend all their money or withdraw ...
February 10, 2020China’s central bank will release a set of funds intended to combat the coronavirus this week, and will begin to offer the service on a weekly basis soon, according to ...
February 7, 2020Trade finance software company komgo has acquired the Trade Finance Exchange Console (TRAFEC), according to a press release.
TRAFEC was developed by the Swiss association STSA, in league with a number ...
February 6, 2020Open Banking frameworks continue to proliferate throughout the world.
The Australian Competition and Consumer Commission (ACCC) has now formally released the Consumer Data Right (CDR) rules that will set the stage ...
February 6, 2020Breaking the legacy of batch payments can help corporate treasurers hit instant speeds — and access rich real-time payment data — with the right application programming interface (API) integrations. In ...
February 5, 2020In finance, accounting is everything.
Accounting for everything, especially when it comes to credit — in other words, taking stock and measure of where lending activities have been concentrated, where risk ...
February 5, 2020 Application programming interfaces (APIs) may be underutilized in business and financial sectors. Recent surveys have found that many bankers and small business (SMB) owners are unaware of how to use ...
February 4, 2020As business loan performance drops off, U.S. banks are anticipated to rein in criteria this year, a Federal Reserve (Fed) survey showed on Monday (Feb. 3).
The Fed’s quarterly survey of senior ...
January 31, 2020The notion that credit unions (CUs) play country mouse to their more worldly banking cousins is beyond flawed, as a recent poll by the Gallup organization showed. Delving into customer ...
January 31, 2020 Financial institutions (FIs) and merchants in the European Union (EU) have had some time to get used to both the General Data Protection Regulation (GDPR) and the revised Payment Services ...
January 31, 2020The Consumer Financial Protection Bureau (CFPB) filed a lawsuit on Thursday (Jan. 30) against Citizens Bank over alleged violations of the Truth In Lending Act (TILA). It filed the complaint ...
January 30, 2020Pleo, a business banking company, has announced that it is pivoting its business model in partnership with JPMorgan and Mastercard, and will now offer company credit cards instead of prepaid ...
January 30, 2020As faster and real-time payment schemes achieve ubiquity in more markets around the globe, speed is increasingly becoming the standard for payers of all kinds. This new reality isn’t without ...
January 30, 2020Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Cautious shoppers may find comfort in debit, with fraud losses associated with the payment method declining ...
January 29, 2020A French banking startup called Bankin’ has introduced Bridge Pay, an application programming interface (API) that will let people make payments using bank transfers, according to a report by TechCrunch.
Right ...
January 29, 2020Flipping paper checks into virtual cards is easier said than done. In the latest Next-Gen AP Automation Tracker, Jennifer Swenson, U.S. Bank’s vice president of corporate payment systems, and Adam ...
January 29, 2020Indonesia’s central bank, Bank Indonesia (BI), has asked Chinese firm Alipay to review its payment services application. Officials in Indonesia’s House of Representatives confirmed the re-evaluation at a hearing, reports ...
January 29, 2020 In-branch banking still plays an important role in customers’ financial lives, despite the growing popularity of mobile and online banking. A recent study found that 70 percent of consumers have ...
January 28, 2020Credit unions (CUs) face stiff competition from banks, FinTech firms and other players in the financial industry, but they have several intrinsic advantages. A recent study found that CUs beat ...
January 28, 2020Everyone knows that digital and mobile services are key to success in the 2020s — not only in terms of more revenue, but also larger transformations. But that doesn’t mean ...
January 27, 2020The Business Email Compromise (BEC) continues to evolve. Fraudsters are adding new twists to what has become an increasingly common scam targeting businesses’ B2B payments activity.
New analysis from Bank Info ...
January 24, 2020Chiliz, a blockchain venture based in Malta, is introducing a crypto exchange with entertainment and sports tokens, according to Cointelegraph. The new exchange will be at Chiliz.net, and will launch ...
January 23, 2020Faster and real-time payments capabilities continue to proliferate in the global financial services arena, and consumers aren’t the only beneficiaries of the trend. Corporates, too, are beginning to explore opportunities ...
As B2B FinTech firms continue working to break down silos, and ease the numerous friction points of the B2B payments process for both buyer and seller, the opportunities for data ...
Credit union members are increasingly placing emphasis on self-services like mobile and online banking for their seamlessness and convenience. And while many CUs are undergoing extensive changes to meet this ...
Businesses and governments want the speed and convenience of issuing and accepting digital payments, but, at the same time, they cannot afford to alienate cash-dependent consumers. Debit payments are being ...
PYMNTS recently spoke with Saqib Sheikh, global head of SWIFT’s ISO 20022 program, to learn more about SWIFT’s commitment to assist the financial community in the transition to the new ...
Chinese banking and business practices’ potential impacts are favored topics for bankers and merchants: Changes in this market often have ripple effects on global finances. The country’s recent cybersecurity and ...
If E-Trade Financial Corp walks away from its $13 billion deal with Morgan Stanley, the massive bank will come away with a $375 million breakup fee, according to Reuters.
Morgan Stanley ...
Millions of Chinese businesses face turmoil and strife in the wake of the coronavirus outbreak and are looking to the banks for lifelines and loans.
A survey of small to mid-sized businesses ...
Chinese lenders have cut their prime lending rate to try and prop up their country’s economy, which has been ravaged by the coronavirus, according to the Financial Times on Thursday (Feb. 20).
S&P ...
Google, Amazon and Apple already loom large in nearly every area of consumers’ lives, whether in the form of smart speakers, cloud-computing or content streaming services — just to name ...
Financial Stability Board (FSB) Chair Randal Quarles has warned global financial regulators that they must accelerate the creation of a framework for cryptocurrency and other forms of digital money, Reuters ...
Banks across the U.S. are closing branches, but the New York area is seeing more closures than most, Bloomberg reported on Wednesday (Feb. 19).
The area encompasses New York City, its ...
Not so long ago, payments cyber fraud was done primarily by brute force, through guessing passwords and usernames — a scattershot approach akin to trial and error, conducted by lone ...
In the battle against fraudsters, financial institutions (FIs) must start at the beginning – literally.
FIs are increasingly vulnerable as they race to become digital – and omnichannel – in a ...
Biometric VeinID platform Fingopay announced that it is launching an Open Banking retail pilot with Reflow, a payments firm. The partnership has allowed the companies to create a bank-to-bank, face-to-face ...
To bring digital transformation to banks, and to help them bring their assets to the “digital-first” consumer, look to the platform.
In an interview with Karen Webster, Douglas Brown, senior vice ...
FIS and PayPal have expanded their partnership so that cardholders of institutions participating in the FIS Premium Payback network can use their rewards points to pay for things at PayPal ...
Wells Fargo executive Charles Scharf wants to stamp out any hint of scandal by redoing the company’s reporting lines, splitting the banking giant’s three divisions into five.
The Wall Street Journal ...
FinTech bank N26, based in Germany, will no longer operate in the U.K. following Brexit, according to reports. N26 customers will need to transfer deposits, spend all their money or withdraw ...
China’s central bank will release a set of funds intended to combat the coronavirus this week, and will begin to offer the service on a weekly basis soon, according to ...
Trade finance software company komgo has acquired the Trade Finance Exchange Console (TRAFEC), according to a press release.
TRAFEC was developed by the Swiss association STSA, in league with a number ...
Open Banking frameworks continue to proliferate throughout the world.
The Australian Competition and Consumer Commission (ACCC) has now formally released the Consumer Data Right (CDR) rules that will set the stage ...
Breaking the legacy of batch payments can help corporate treasurers hit instant speeds — and access rich real-time payment data — with the right application programming interface (API) integrations. In ...
In finance, accounting is everything.
Accounting for everything, especially when it comes to credit — in other words, taking stock and measure of where lending activities have been concentrated, where risk ...
Application programming interfaces (APIs) may be underutilized in business and financial sectors. Recent surveys have found that many bankers and small business (SMB) owners are unaware of how to use ...
As business loan performance drops off, U.S. banks are anticipated to rein in criteria this year, a Federal Reserve (Fed) survey showed on Monday (Feb. 3).
The Fed’s quarterly survey of senior ...
The notion that credit unions (CUs) play country mouse to their more worldly banking cousins is beyond flawed, as a recent poll by the Gallup organization showed. Delving into customer ...
Financial institutions (FIs) and merchants in the European Union (EU) have had some time to get used to both the General Data Protection Regulation (GDPR) and the revised Payment Services ...
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit on Thursday (Jan. 30) against Citizens Bank over alleged violations of the Truth In Lending Act (TILA). It filed the complaint ...
Pleo, a business banking company, has announced that it is pivoting its business model in partnership with JPMorgan and Mastercard, and will now offer company credit cards instead of prepaid ...
As faster and real-time payment schemes achieve ubiquity in more markets around the globe, speed is increasingly becoming the standard for payers of all kinds. This new reality isn’t without ...
Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Cautious shoppers may find comfort in debit, with fraud losses associated with the payment method declining ...
A French banking startup called Bankin’ has introduced Bridge Pay, an application programming interface (API) that will let people make payments using bank transfers, according to a report by TechCrunch.
Right ...
Flipping paper checks into virtual cards is easier said than done. In the latest Next-Gen AP Automation Tracker, Jennifer Swenson, U.S. Bank’s vice president of corporate payment systems, and Adam ...
Indonesia’s central bank, Bank Indonesia (BI), has asked Chinese firm Alipay to review its payment services application. Officials in Indonesia’s House of Representatives confirmed the re-evaluation at a hearing, reports ...
In-branch banking still plays an important role in customers’ financial lives, despite the growing popularity of mobile and online banking. A recent study found that 70 percent of consumers have ...
Credit unions (CUs) face stiff competition from banks, FinTech firms and other players in the financial industry, but they have several intrinsic advantages. A recent study found that CUs beat ...
Everyone knows that digital and mobile services are key to success in the 2020s — not only in terms of more revenue, but also larger transformations. But that doesn’t mean ...
The Business Email Compromise (BEC) continues to evolve. Fraudsters are adding new twists to what has become an increasingly common scam targeting businesses’ B2B payments activity.
New analysis from Bank Info ...
Chiliz, a blockchain venture based in Malta, is introducing a crypto exchange with entertainment and sports tokens, according to Cointelegraph. The new exchange will be at Chiliz.net, and will launch ...
Faster and real-time payments capabilities continue to proliferate in the global financial services arena, and consumers aren’t the only beneficiaries of the trend. Corporates, too, are beginning to explore opportunities ...
