To provide shoppers with an eCommerce points redemption option, Capital One rewards cardholders will soon have the ability to redeem cash back as well as miles through Amazon. The company joins Citi, American Express, Chase and Discover in offering the option, CNBC reported. Get the Full Story Complete the...
Bank and credit card fraud losses are likely to reach $44 billion by 2025, and new fraud types — like attacks from false mobile banking apps — are cropping up more frequently. Both cybercriminals and financial institutions (FIs) are relying on one essential component to...
With more than 4.1 billion user credentials exposed in the first half of 2019 alone, financial institutions (FIs) are rushing to artificial intelligence (AI) to prevent fraudsters from using them. Yet, for fraud prevention, Scotiabank Executive Vice President Rania Llewellyn says banks must take a...
A catastrophic IT crash that affected 2 million customers at TSB and locked them out of their accounts last year was blamed on moving the banking technology to a new platform before it had been properly tested, according to a report by Reuters. Get the...
Payments credit union service organization (CUSO) PSCU has announced it will invest $100 million over the next few years to focus on improving solutions for the credit unions it serves around the country, according to a release. Get the Full Story Complete the form to...
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Ant Financial Services Group might apply for a virtual banking license in Singapore. 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 our daily newsletter, PYMNTS Today....
National direct bank CIT Bank is introducing eChecking, a new digital checking account with a wide variety of electronic transfer and payment solutions, the company announced in a press release on Friday (Nov. 15). Get the Full Story Complete the form to unlock this article...
PYMNTS’ Where Will We Bank Next? Survey found that banking customers are increasingly placing a higher value on convenience, personal data security and appealing products. These offerings are becoming table stakes for banks, with 34.8 percent of banking consumers being somewhat, very or extremely interested...
