Steve Ashbacher’s college-aged daughter doesn’t like charging things to her credit card, especially when the balance gets high — she’d rather pay cash or debit. She’s learning, though, the importance of paying down her balance regularly, and the value of the spend/repay cycle for building...
When TSYS conducted its first consumer payments study seven years ago, the primary focus was on debit vs. credit, according to TSYS’ Gavin Rosenberg. The company was simply looking to gather solid information as the debit market was undergoing significant changes. Get the Full Story...
FIs are turning to artificial intelligence to make more financial decisions than ever before, from deciding who gets (or doesn’t get) a loan to helping customers make smarter financial choices. But when algorithms are used to make decisions, who accounts for the biases built in...
From artificial intelligence to blockchain to new mobile app features and offerings, banks and financial institutions are investing more in innovations to give customers a better experience and gain an edge over their competition. Get the Full Story Complete the form to unlock this article...
In the latest in a saga that has affected ePayments and debit card purchases in Mexico, the country’s banking system has misplaced between $18 and $20 million. The country’s regulatory agencies and central bank don’t know if the funds went missing due to hackers, errors...
Citizens Financial Group announced on Monday (May 14) plans to launch Citizens Access, a nationwide direct-to-consumer online bank. In a press release, Citizens Financial said the digital platform will offer FDIC-insured deposits products aimed at serving people who want to save and want the flexibility of an online banking...
Goldman Sachs is eyeing an expansion of its online bank Marcus across Europe and has chosen Germany as the next region after the U.K., reported the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Wells Fargo, the embattled bank, warned investors at the company’s investor day meeting Thursday (May 11) that it won’t make as much in overdraft fees and other charges. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Banking and financial services provider HSBC has started enabling its corporate customers to access mobile banking using a facial scan. 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...
