News

Security & Fraud
Newly Flush With Capital, Challenger Banks Face New Challenges
December 10, 2024

A wave of funding rounds over the past several months is giving challenger banks fresh financial firepower to position themselves as alternatives to traditional banks, mainstays of financial services that have been around for decades — even centuries. Get the Full Story Complete the form...

Security & Fraud
How Data-Sharing Consortium Approaches Are Beating Back Bank Fraud
December 10, 2024

When it comes to fraud prevention, sharing is caring for financial institutions. 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...

B2B Payments
BofA’s CashPro App Milestone Spotlights Treasury’s Digital Evolution
December 10, 2024

The days of chief financial officers and treasury teams being tethered to desktops or waiting for approvals via email are over. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
Scam-Related Fraud Jumped 56% in 2024, Surpassing Digital Payment Crimes
December 10, 2024

As digital transactions play a role in the financial landscape, financial institutions invest heavily in fraud prevention tools. 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...

Retail
Amazon Seller Central to Integrate Intuit QuickBooks for Financial Management
December 09, 2024

Intuit’s QuickBooks will become Amazon’s preferred partner for financial management solutions integrated directly into its site, where Amazon sellers manage their businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

CFPB
Consumer Bankers Association Aims to Reverse CFPB’s ‘Radical Pendulum Shift’
December 09, 2024

The Consumer Bankers Association (CBA) said Monday (Dec. 9) that the incoming Trump administration and new Congress present opportunities to reverse the Consumer Financial Protection Bureau’s (CFPB) “radical pendulum shift.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Banking
Bank of England: Non-Banks Could Pose New Risks to Financial Stability
December 09, 2024

Non-bank financial institutions like pension funds, insurance companies, hedge funds and money market funds could present risks to financial stability as their role in the financial system grows, Dave Ramsden, deputy governor, markets and banking at the Bank of England, said Monday (Dec. 9). Get...

Regulation
FTC Begins Sending Refunds in Epic Games Settlement
December 09, 2024

The Federal Trade Commission (FTC) has begun sending over $72 million in refunds to consumers as part of a December 2022 settlement with Epic Games. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Banking
Reinventing Payments: Breaking Down Banking Infrastructure to Build a Composable Future
December 09, 2024

Banks rely on core tech to handle the basics: transactions, deposits, loans and more. But the kicker is that most of these systems were built decades ago. As in 1980, not 2010. Get the Full Story Complete the form to unlock this article and enjoy...