Bluevine, a digital banking platform catering to small businesses, has expanded its Federal Deposit Insurance Corporation (FDIC) insurance coverage. Account holders with Bluevine will now have coverage of up to $3 million, an increase from the industry standard of $250,000, the company said in a Tuesday (Sept....
Ross McFerrin, vice president of enterprise growth at Trustly, told PYMNTS in an interview that some fundamental questions are being asked about open banking. What exactly is it? How does it work? What’s in it for the merchants? “And the question we get asked the most...
Acquired.com, a United Kingdom FinTech, has debuted a tool to help merchants offer open banking payments. The payments specialist’s Hosted Checkout solution lets merchants accept credit and debit cards, Apple Pay, Google Pay and open banking payments through a single integration, according to a Monday (Sept. 4) press release....
At first glance the latest open banking stats coming out of the U.K. might hint at a seismic shift in payments across the pond. And would signal that open banking might be a proverbial slam dunk in the U.S. But dig a little deeper and...
Goldman Sachs is selling its personal finance business to investment adviser Creative Planning. The deal, announced Monday (Aug. 28), comes one week after the news that Goldman was considering a sale of its personal finance management (PFM) business in its shift away from retailing banking. According to a news release,...
Citi has introduced a series of new offerings designed to streamline its retail banking business. The new services, announced Wednesday (Aug. 23), come weeks after the banking giant reported a jump in revenue from its personal banking business. Among these services is something called “Relationship Tiers,” which Citi...
Goldman Sachs could sell its personal financial management business as it moves away from retail banking. “We see continued opportunities to invest in this segment but with less strategic impact to GS,” the bank said in a statement provided to PYMNTS Monday (Aug. 21). “As such,...
Comerica Bank has unveiled a new package of solutions for small business and business banking customers. This new Comerica Maximize package offers a combination of an interest-bearing checking account and cash management solutions, allowing customers to earn interest income while protecting and growing their businesses with treasury services, the company...
Ohio-based Peoples Bank has implemented Corserv‘s credit card program. This partnership aims to revolutionize the banking experience for Peoples Bank’s diverse customers, including commercial, small business, nonprofit, local municipalities and consumer clients, the companies said in a Wednesday (Aug. 16) press release. Peoples Bank, which operates 132 bank offices...
