Lumin Digital has signed a multi-year contract with the University of Illinois Community Credit Union (UICCU) that will have Lumin’s cloud-based platform serve as the credit union’s digital banking solution for retail banking and bill payment. Expected to go live in the spring of 2020,...
London’s digital unicorn Monzo has appointed TS Anil to head U.S. operations as chief executive officer (CEO), Monzo said in a press release on Tuesday (Dec. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
In an effort to expand access to financial institutions (FIs), the Central Bank of Nigeria is planning to license more payment providers, Bloomberg reported on Saturday (Nov. 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Revolut has announced the launch of GBP Direct Debits, a new feature for its global financial retail and business platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
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...
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...
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. By completing this form, you agree to receive marketing communications from PYMNTS and...
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...
