The Consumer Financial Protection Bureau (CFPB) ordered Bank of America to pay $12 million for submitting incomplete mortgage lending data to the federal government. Hundreds of the bank’s loan officers failed to ask mortgage applicants certain demographic questions as required by the Home Mortgage Disclosure...
Entrust has launched a new digital account opening solution for banks and credit unions. The new Entrust Digital Account Opening Solution is designed to overcome barriers created by geography, technology or inconvenience that make it difficult for consumers to open an account, the company said...
Payments services firm Worldline has gotten approval to expand its presence in Great Britain. The company announced Tuesday (Nov. 28) that it had gotten a payment institution authorization from the U.K.’s Financial Conduct Authority (FCA). “The licensing confirms Worldline’s ambitions to further reinforce its presence in the U.K. and...
Although the aspirational shopper appears to have paused extravagant spending, MyTheresa is cashing in on the enthusiasm of savvy shoppers who still have some serious shopping power. In its latest quarterly earnings report, the retailer not only turned a minor financial setback into a stylish...
Walmart’s latest foray into shoppable video will seem familiar to fans of the Hallmark channel. The retail giant has teamed up with TikTok and Roku to launch its first-ever shoppable series, the company announced Tuesday (Nov. 28). Modeled after the standard Hallmark holiday movie formula — professional woman finds love around...
Comdata has launched a payment solution that allows fleet owners to enjoy both the benefits of a fuel card and the rewards of their existing credit card. The new Comdata Connect Card can also be linked to the cardholder’s bank accounts, making it easier to add...
PayGround raised $19.7 million in a Series A funding round to support the growth of its healthcare payments platform. The company will use the capital to expand into hospitals and health systems, building on its success in the ambulatory market, and add to its senior...
This year’s Cyber Monday spending is projected to top $12 billion as consumers seek deals. That spending amount — a record — marks a 9.7% increase over last year, Reuters reported Tuesday (Nov. 28), citing data from Adobe Digital Insights. A third of that spending...
Managing your finances has never been easier, with smartphones closing the gap between you and your money. But with a plethora of apps to choose from, deciding where to park your cash can be daunting. PYMNTS Provider Rankings of Digital Banking offers you a way...
