The majority of Americans don’t dedicate much time to routine access to financial services. About 77 percent of American adults are able to have all of their financial service needs met by the mainstream market – in fact, those providers compete for their business. Get...
Ahead of a planned reduction in interchange fees, which card issuers pay for cash withdrawals at ATMs in the U.K., data from LINK indicates that over 500 cash points have closed this year over a five-month period to May. During that time, the number of...
After Citibank, N.A. allegedly violated the Truth in Lending Act by failing to reevaluate and reduce the annual percentage rates (APRs) of consumer credit card accounts, the Bureau of Consumer Financial Protection (CFPB) announced that it has reached a settlement with the bank. With the terms...
As digital banking and payments become mainstream, financial institutions (FIs) are stepping up their efforts to improve customer engagement (CE). The moves comes as consumers expect excellent product experiences as compelling new business models and product-level innovations come to market. Get the Full Story Complete...
Blockchain-based challenger bank BABB — which stands for Bank Account-Based Blockchain — announced it will be holding an equity crowdsale to cover the costs of obtaining a banking license. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Due to a recent outage, some Bank of Ireland customers were unable to use their debit cards. The bank reported that approximately one in seven customers were unable to use their Visa cards at point-of-sale (POS) terminals, according to news from Independent.ie. Get the Full Story...
Sources say Robinhood Markets is in talks with regulators about offering banking services to its more than 4 million users. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Banks are turning to digital technology to enhance the customer experience — and reduce payment friction — in an effort to boost top and bottom lines. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Small banks are benefiting from the rollback of Dodd-Frank, with the Russell 2000 bank index outperforming the S&P 500 banks by about 10 percentage points since the turn of the year. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
