U.S. regulators are saying cyberattacks pose the greatest risk to U.S. banks in upcoming years, but the regulation and testing processes are convoluted and complicated for institutions in both spaces to assess, according to a report by the Financial Times. Get the Full Story Complete...
American Express said its May card delinquency rate was unchanged from April, according to reports. The rate held steady at 1.4 percent. Net write-offs, however, did move slightly in may, from April’s 2.4 percent to 2.5 percent, and the small business card delinquency rate went...
The path to the connected vehicle future — the payments, commerce and logistical ecosystem that is developing from that technology — is not a straight, single highway, but rather a collection of closely associated roads. Further evidence of that comes from the likes of Ford, Amazon,...
Europol, the European Union police organization, is calling for increased security and vigilance in response to a string of attacks on ATMs throughout the continent, according to a report by the Associated Press. Get the Full Story Complete the form to unlock this article and...
In a new partnership, Bottomline Technologies is teaming up with Starling Bank on a Real Time Payments Express Service. The offering will enable corporates and banks to send and receive as well as monitor payments to any U.K. bank account in real time, Crowdfund Insider...
After financial startup Loot reportedly went into administration in May, Loot Founder Ollie Purdue is reportedly becoming a part of a digital bank being developed by RBS-owned Natwest called Bó. Purdue is said to lead product development for the brand and become chief product officer,...
With U.S. export blacklisting along with other actions against Huawei Technologies Co., Founder Ren Zhengfei expects revenue to be roughly $100 billion this year — down from last year’s approximately $107 billion. Zhengfei had previously targeted $125 billion for revenue this year, The Wall Street...
The rise of faster payment systems has become a global phenomenon. In the past few years, several global markets have invested resources into developing payment systems and infrastructure that enable funds to be delivered in real-time and that operate on a 24/7 cycle. The U.K.,...
This past week saw the Consumer Financial Protection Bureau (CFPB) offer up highlights of Kathleen Kraninger’s six-month tenure as director. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
