Banking

Banking
CFPB Lays Groundwork for Open Banking’s US Push
December 02, 2021

Open banking may have its roots across the pond, in the United Kingdom, but it’s fair to say the United States is quickly putting its own stamp on the practice. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Banking
As CFPB Blasts Unfair Overdraft Fees, Capital One Says It’s Eliminating Them
December 01, 2021

Well, that was fast. 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...

Banking
Eliminating Overdraft Fees Isn’t Easy Fix for Banks, Customers
November 30, 2021

The holidays are firmly upon us, which means that the urge to spend is firmly entrenched as well, boosted by family gatherings and coming face to face with people you haven’t seen in person for months (and months). Get the Full Story Complete the form...

Banking
The Bank of London Opens Doors at $1B Valuation
November 30, 2021

The Bank of London is opening its doors on Tuesday (Nov. 30) as a new financial institution that aims to serve as the first purpose-built global clearing, agency, and transaction bank worldwide, according to a press release. Get the Full Story Complete the form to...

Banking
Regions Bank on How Embedded Payments Can Help FIs Capture Lasting Corporate Loyalty
November 25, 2021

Consumers’ positive experiences with new digital payment methods have them craving the same convenience for their businesses, and savvy banks are taking notice. In the Next-Gen Commercial Banking Tracker, Tim Mills, senior vice president of Emerging Payments at Regions Bank, explains how investing in embedded...

Banking
Commercial Banking Customers Want Digital Products, Personalized Services That Resemble Consumer Accounts
November 24, 2021

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...

Banking
UK Finance Calls for New Open Banking Standards
November 22, 2021

The U.K. should develop new open banking standards, according to a new report on open banking payments issued by the trade association UK Finance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Banking
AmEx Lured Business Customers with Fraudulent Sales Pitch
November 22, 2021

American Express’ pitch to business customers that using an AmEx card to pay employees and suppliers turned out to be built on a flawed premise that generated billions for the company but cost customers because of “a shaky interpretation of how tax law treats rewards...

Banking
German Digital Bank N26 Shutting Down U.S. Operations 
November 18, 2021

German digital bank N26 will close its U.S. operations as of Jan. 11, 2022, less than two-and-a-half years after it debuted in America and attracted 500,000 customers, according to a company statement reported by CNBC Thursday (Nov. 18).  Get the Full Story Complete the form...