Citigroup is placing restrictions on its business customers, requiring them to sell guns to only those that pass a background check and are 21 or older. The bank is also requiring its retail business clients to stop selling bump stocks or high capacity magazines. Get...
Seven out of every 10 Americans use banking apps at least once per week, but nearly as many say they are frustrated by banks’ digital offerings. Katherine McGee, head of digital product management at Wells Fargo, tells PYMNTS how using AI and machine learning is...
Online and mobile banking interfaces have become must-have features for financial institutions in the digital age. Fifty-five percent of Americans have a full-service banking app on their phone, and 16 percent check these apps at least once per day. Get the Full Story Complete the...
Bank of America announced news on Tuesday (March 20) that customers can now add multiple credit and debit cards to their PayPal account without having to use a laptop or desktop computer. Get the Full Story Complete the form to unlock this article and enjoy...
Fifth Third Bank has announced that its customers can now access the bank’s ATMs without having to use their debit cards. Instead, Fifth Third customers simply need to use the bank’s mobile app to access all of the ATM functions. “Fifth Third is bringing new...
Coinbase has announced that it is the first crypto exchange to obtain a U.K. bank account. 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...
Timothy Zimmerman, the new chair of the Independent Community Bankers of America (ICBA) believes the biggest threats to banks right now are hackers, FinTech firms and other nonbanks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Moving money across country lines is rarely easy or cheap, and that’s especially true in countries with large un- and under-banked populations, like Mexico. In a country where 60 percent of people choose not to bank due to a cultural mistrust of financial institutions, how...
Citigroup is gearing up to launch a digital consumer bank that will be national in scope and will arrive within the next three years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
