PayPal is setting its sights on the unbanked, with an eye, too, on offering mainstream banking services, reported The Wall Street Journal on Monday (April 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
U.S. banks are competing for customer deposits, but the country’s largest retail banks are still being stingy with their interest rates. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Goldman Sachs has hired a senior engineer at JPMorgan to develop cash management tools as it eyes an entrance into the commercial banking market. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Overdraft fees have reached their highest level since 2009, which was at the end of the Great Recession. Consumers paid $34.3 billion in overdraft fees during 2017 compared to $33.3 billion in 2016, The New York Post reported. Get the Full Story Complete the form...
Denizen has announced the first true global, borderless account that allows customers to receive money in one country and pay it out without excess fees or delays. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Big banks are still doing big business: A Wall Street Journal analysis of regulatory data found that the three largest U.S. banks by assets have added more than $2.4 trillion in domestic deposits over the past 10 years. Get the Full Story Complete the form...
Citigroup is placing restrictions on its business customers, requiring them to sell guns to only those that pass a background check and are 21 or older. The bank is also requiring its retail business clients to stop selling bump stocks or high capacity magazines. Get...
Seven out of every 10 Americans use banking apps at least once per week, but nearly as many say they are frustrated by banks’ digital offerings. Katherine McGee, head of digital product management at Wells Fargo, tells PYMNTS how using AI and machine learning is...
Online and mobile banking interfaces have become must-have features for financial institutions in the digital age. Fifty-five percent of Americans have a full-service banking app on their phone, and 16 percent check these apps at least once per day. Get the Full Story Complete the...
