More Chinese consumers are choosing to deposit their money into traditional banks as they turn away from higher-yielding assets in favor of financial security. According to Bloomberg, China’s household deposits increased in July at the fastest annual rate in a year, and analysts say those...
TSB customers in the U.K. were unable to access their online accounts Monday (Sept. 3), four months after customer data transferred caused an outage at the U.K. bank challenger that hurt its reputation. Get the Full Story Complete the form to unlock this article and...
Indian Prime Minister Narendra Modi is using India Post Payments Bank (IPPB) to bring financial services to the doorstep of every citizen through the postal service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Starling Bank, the mobile-only bank, announced on Thursday (Aug. 30) it rolled out current accounts for 16- and 17-year-olds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Following recent cases of fraud, Comerica Bank has reportedly closed part of its federal benefits prepaid card program called Cardless Benefit Access Service. To the drain accounts of federal beneficiaries, scamsters have allegedly taken advantage of security flaws in the bank’s service that were part...
Even with mobile apps and banking robots, bank tellers are not going away: While conventional wisdom suggests that the job may be in decline, anecdotal evidence suggests otherwise, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Goldman Sachs, the Wall Street investment firm, rolled out its consumer bank Marcus in the U.K. Thursday (Aug. 23) offering what the Financial Times said is the highest interest rate in the country to lure new customers its way. According to a report in the...
JPMorgan Chase & Co. is expanding the Sapphire credit card brand into new areas of personal finance, including checking accounts. According to a report citing the company, the bank will change the Chase Premier Platinum accounts to Sapphire Banking accounts. Chase Premier Platinum accounts have a...
Capital One, the national bank, filed a patent application with the U.S. Patent and Trademark Office last June to use blockchain for securing user authentication methods for banking security. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
