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Itaú Unibanco Holding is Brazil’s largest lender, and on Monday (May 13) it announced that it’s going to launch a new QR code-based payment system by Q3 of 2019, according to a report by Reuters. Get the Full Story Complete the form to unlock...
Switzerland-based Temenos AG has announced that Judo Bank, an Australian SME challenger bank, has gone live with the help of Temenos T24 Transact, Analytics, Financial Crime Mitigation and Channels. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Federal Reserve has released a request for comment on potential changes to its National Settlement Service (NSS) and Fedwire Funds Service, as well as feedback on a possible new posting time for transactions, and an increased daylight overdraft fee. Get the Full Story Complete the...
It is hard to argue, after five decades in existence, that the ATM hasn’t been an overwhelming success as financial products go — in fact, it has changed the face of how consumers interact with banks. What can be harder to see, as Michael Engel,...
Citigroup is the world’s largest credit-card issuer, with about 28 million customers, but the gap between its credit business and retail banking has grown larger. To combat this, Citi has begun testing perks for credit cards to encourage customers to get other banking products. Get...
Singapore’s financial regulator, the Monetary Authority of Singapore (MAS), is in talks about letting online banks operate in the city. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
When it comes to long-term consumer relationships, few businesses can top banks. They tend to keep ties with consumers over decades — and, sometimes, those ties can last generations for families. At the same time, financial institutions (FIs) typically know much less about their customers...
Morgan Stanley will send the Russian central bank a notice that it’s going to formally close of all of its banking operations in the country in the first quarter of 2020, according to a report by Reuters. Get the Full Story Complete the form to...
