J.P. Morgan‘s British retail bank Chase is continuing to expand its staff as it executes its strategy to move into investment and savings services by integrating its acquired digital wealth manager Nutmeg and to roll out its consumer lending product suite. Get the Full Story...
Chime customers can now deposit cash at Walgreens locations around the country, the FinTech announced Monday (Dec. 13). 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 to...
Citi Treasury and Trade Solutions has upgraded its Citi Present and Pay eBill payment platform with new features, including Citi Verify, an instant account verification tool, and e-bill distribution capabilities through Request for Pay messaging, the real-time payment system from The Clearing House, according to...
The number of U.S. banks has dropped from an all-time high of 30,456 in 1921 to 4,377 at the end of 2020, a drop of 86% — and that decline isn’t likely to end, said William R. Emmons, an assistant vice president and lead economist...
U.K. challenger bank Monzo is raising more than $500 million (£377m) at a valuation of $4.5 billion (£3.4bn) as it gets ready to take a deeper dive into cryptocurrency trading and further evolve its buy now, pay later (BNPL) product. Get the Full Story Complete...
Chase Bank is adding more options for customers to avoid overdraft fees in 2022, per a Wednesday (Dec. 8) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
As firms, their customers and their financial partners race to keep up with the growing appetite for emerging digital tools, one concept that promises to shape the future of payments is embedded finance. Get the Full Story Complete the form to unlock this article and enjoy...
Although digital payment methods are now routinely used to purchase goods and services, some consumers who are concerned about protecting their bank accounts and personal information may resist using third-party apps that are connected to their bank accounts. Get the Full Story Complete the form to...
The U.K.’s Financial Conduct Authority (FCA) has scrapped the 90-day reauthorization requirement, a move seen as a boon for the open banking sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
