A one-stop payment portal is a single-user interface through which consumers can pay several or all their bills. The trouble is that some consumers hesitate to use payment portals, chiefly because they have security concerns. This is an area that more providers should be upgrading...
PYMNTS asked business leaders for their take on how to plan for the rest of 2023 and what they are telling their teams to focus on. Amir Wain, founder and CEO of digital payments and banking solutions provider i2C, says to reach the next generations of...
As regulators push for the development of instant payments, European Union countries continue to leverage preexisting economic relationships to advance faster payments across the region. It’s a trend that has led to historic real-time payment growth and adoption in recent years, PYMNTS has reported, with successful national...
Do banks need to fail — and get government help — before buyers come forward? A report by Reuters Friday (May 5) citing industry sources said that recent government-arranged purchases of First Republic, Signature and Silicon Valley banks had set such a “vicious cycle” in motion. For example, the Federal...
Revolut’s CEO says recent bank turmoil has held up his company’s U.K. banking license. “Ultimately, it is not really us, it is generally the banking crisis we see at the moment that makes regulators extra cautious,” Nik Storonsky said in a Financial Times (FT) interview on Sunday (May 7). As...
“A run on every bank in the country.” That’s the scenario federal regulators helped prevent by covering depositors when Silicon Valley Bank (SVB) collapsed in March, Berkshire Hathaway CEO Warren Buffet said Saturday (May 6). “It would’ve been catastrophic” if the Federal Deposit Insurance Corp. (FDIC) hadn’t done that,...
After encountering financial difficulties last month, Tupperware, a trailblazing direct-to-consumer (D2C) brand, has implemented some inventive marketing and sales strategies, one of them being the launch of its Heritage Collection bowls. In celebration of the fifth and final season of “The Marvelous Mrs. Maisel” on...
The Securities and Exchange Commission (SEC) is reportedly investigating whether there was insider trading at First Republic Bank. The investigation focuses on trades that now-former executives made before the government seized the bank and sold it to JPMorgan Chase, Bloomberg reported Friday (May 5), citing unnamed sources. The report added that...
Velmie has added a card module to its composable white-label solution for FinTech companies and banks. The new card module is part of an updated product that includes a range of new modules, features and enhancements that customers can use to create their own customized FinTech...
