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...
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...
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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 —...
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...
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...
Anubhav Shrivastava is taking the reins as the global trade head for commercial banking at JPMorgan Chase where he will lead a team tasked with helping clients tap customized solutions to facilitate and streamline business dealings on a global scale, according to a press release emailed to PYMNTS....
Branch usage fees are being instituted by banks across Europe to lower the number of in-person transactions that could have been accomplished online, Reuters reported on Monday (Nov. 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
PNC Treasury Management on Tuesday (Nov. 9) debuted a cash management app called PINACLE Cash Forecasting, which uses artificial intelligence (AI) and machine learning (ML) technology to give companies an automated look at their financial futures. Get the Full Story Complete the form to unlock...
